702 Ash 509, San Diego, California 92101, San Diego, 92101 - 1 bed, 2 bath
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San Diego, California 92101
This Historic Condominium represents a Strong Value Opportunity, listed at $575,000—positioned well above the $548,317 Fair Market Value. While the price reflects a premium, the property features a Condition Rating of 3 with modern kitchen updates and custom lighting. The Mills Act status provides significant long-term tax savings, offsetting the $1,315 monthly HOA fee. With captivating bay views and a prime location near Little Italy, this residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, historic urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash 509 Subject | $575,000* List Price | 1 | 2 | 888 | $617 | - |
A 702 Ash St 102 Sold | $659,900 | 1 | 2 | 1,201 | $549 | 0.0 mi |
B 1642 7th 325 Sold | $479,000 | 1 | 1 | 761 | $629 | 0.2 mi |
C 425 W Beech Street Sold | $459,000 | 1 | 1 | 760 | $604 | 0.5 mi |
D 889 Date St 234 Sold | $610,000 | 2 | 2 | 904 | $675 | 0.2 mi |
E 1441 9th Avenue 609 Sold | $500,000 | 1 | 1 | 870 | $575 | 0.1 mi |
F 1435 India St #406 Sold | $445,000 | 1 | 1 | 728 | $611 | 0.6 mi |
G 1080 Park Blvd 807 Sold | $500,000 | 2 | 2 | 1,037 | $482 | 0.3 mi |
H 425 W Beech Sold | $585,000 | 2 | 2 | 914 | $640 | 0.5 mi |
I 801 Ash St 205 Active | $418,000 List Price | 1 | 2 | 865 | $483 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1929, the unit features a well-maintained renovation likely from the last 10-20 years. The kitchen has been refreshed with contemporary countertops and backsplash, and the interior includes modern recessed lighting and functional HVAC systems, making it move-in ready.
The property is under the Mills Act, offering substantial property tax savings that significantly lower the long-term cost of ownership for this historic landmark.
Perched in the iconic El Cortez with a rare west-facing orientation, the residence provides captivating views of the bay and downtown while being steps from Little Italy and Balboa Park.
This home blends 1920s architectural heritage and soaring ceilings with contemporary updates, including a remodeled kitchen, custom recessed lighting, and a rare two-bathroom layout for a one-bedroom unit.
The monthly association fee of $1,315.50 is notably high for a one-bedroom condominium, which may deter budget-conscious buyers despite the tax savings.
With 88 days on the market, the property has surpassed the average turnover time for the area, which could lead to concerns regarding its initial pricing strategy or specific building restrictions.
Mills Act in place-this property offers significant property tax savings! Perched within the iconic and highly sought-after El Cortez, this rare west facing one-bedroom, two-bath residence blends timeless character with modern comfort in downtown San Diego. This spacious layout is filled with natural light, soaring ceilings, and classic architectural details that honor the building’s storied heritage, all complemented by captivating views of downtown and the bay. The generously sized primary suite offers a walk in closet and additional storage, along with an en-suite full bathroom. The kitchen features updated countertops and a striking backsplash, adding a vibrant, contemporary touch. The inviting living area provides a functional and comfortable layout ideal for both everyday living and entertaining while a second full bathroom offers added convenience for guests. Custom recessed lighting throughout elevates the space. El Cortez amenities include a pool, fitness center, and the beautifully landscaped gardens that define this landmark property. Located just steps from Balboa Park, Little Italy, and Gaslamp Quarter, this home offers an exceptional blend of historic charm and urban convenience. With the Mills Act in place, this property also offers significant property tax savings. A rare opportunity to own a true piece of San Diego history!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 888 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $575.0K | $604.2K |
| Price per sq ft | $648 | $618 |
| Built year | 1929 | 1985 |
| HOA | $1315.5 | $500 |
| Days on market | 97 | 53 |
Apr 17, 2026
$575,000
Initial Listing
Oct 15, 2009
$193,500
Public Record
Oct 1, 2004
$455,000
Public Record