Constructed in 1912, the Carnegie Apartments comprise 61 units in a modified five-story Italian Renaissance structure, standing as San Diego’s largest apartment building of its time. A historical gem, this building is a testament to the craftsmanship of master architects, The Quayle Brothers, showcasing distinctive Italian Renaissance construction characteristics. Investors can leverage the property’s historical significance to benefit from substantial Mills Act Property Tax Savings. Spanning approximately 37,593 gross square feet on a 10,039 square foot lot, the Carnegie Apartments boast a central elevator and interior staircases in both wings. Common amenities include a gym, bike storage, digital pay laundry facilities, a rooftop garden, picnic areas, and central reading/workspaces on the top four floors. Enhanced security measures include a fire sprinkler system, security camera systems, secure front door access, and Google Fiber connectivity with common area speakers. Art and historical artifacts adorn the common areas, contributing to the building’s unique ambiance. Comprising 48 studios and 13 one-bedroom units across 18 diverse floor plans, the spacious layouts feature large windows, hardwood flooring, vintage tile countertops, ample closets, and built-in drawers, counters, desks, and mirrors. Some bathrooms boast clawfoot bathtubs, while thick walls ensure a serene environment for both common and private spaces. Positioned in the vibrant East Village, the Carnegie Apartments offer downtown- style living without compromising convenience. Residents benefit from walkability, enabling easy access to nearby parks, festivals, events, and premier dining and nightlife in the Gaslamp District and Little Italy. This unique location provides tenants with a rare opportunity to embrace a simple and convenient downtown lifestyle. Do not go on the property without prior approval or disturb tenants. Contact listing agents for the Property Marketing Website, Offering Memorandum, and Due Diligence access.