
San Diego, California 92101
This Historic Downtown Condominium represents a Strong Value Opportunity, listed at $570,000—positioned above the $525,308 Fair Market Value. While priced at a premium, the property offers a unique Mills Act tax incentive that significantly lowers long-term carrying costs. Featuring an Excellent Condition Rating, this residence includes a modern kitchen, custom lighting, and captivating Bay Views. With access to a pool and fitness center, it provides a sophisticated urban lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking historic charm in San Diego.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash 509 Subject 1 bd · 2 ba · 888 sqft · $592 | $570,000* List Price | 1 | 2 | 888 | $592 | - |
A 1551 4th Ave 409 Sold 1 bd · 1 ba · 978 sqft · $562 · 0.2 mi | $550,000 | 1 | 1 | 978 | $562 | 0.2 mi |
B 300 W Beech St 1101 Sold 2 bd · 2 ba · 958 sqft · $744 · 0.5 mi | $712,500 | 2 | 2 | 958 | $744 | 0.5 mi |
C 425 W Beech St 805 Sold 2 bd · 2 ba · 987 sqft · $522 · 0.5 mi | $515,000 | 2 | 2 | 987 | $522 | 0.5 mi |
D 425 W Beech St 325 Sold 1 bd · 1 ba · 758 sqft · $534 · 0.5 mi | $405,000 | 1 | 1 | 758 | $534 | 0.5 mi |
E 425 W Beech St 336 Sold 1 bd · 1 ba · 749 sqft · $533 · 0.5 mi | $399,000 | 1 | 1 | 749 | $533 | 0.5 mi |
F 1465 C St 3509 Sold 2 bd · 2 ba · 1,013 sqft · $489 · 0.5 mi | $495,000 | 2 | 2 | 1,013 | $489 | 0.5 mi |
G 800 The Mark 204 Sold 1 bd · 1 ba · 967 sqft · $698 · 0.6 mi | $675,000 | 1 | 1 | 967 | $698 | 0.6 mi |
H 889 Date St 140 Sold 1 bd · 1 ba · 671 sqft · $618 · 0.2 mi | $415,000 | 1 | 1 | 671 | $618 | 0.2 mi |
I 889 Date 541 Active 1 bd · 2 ba · 971 sqft · $514 · 0.2 mi | $499,000 List Price | 1 | 2 | 971 | $514 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1929, the unit is well-maintained and move-in ready. The kitchen features a 5-15 year old renovation style with updated countertops, a contemporary backsplash, and stainless steel appliances. Bathrooms are functional and clean with classic finishes. The presence of custom recessed lighting and well-kept hardwood floors indicates updated electrical and consistent maintenance.
The property benefits from the Mills Act, providing the owner with substantial property tax savings, which is a significant financial advantage for a downtown residence.
Located in the iconic El Cortez building, this home features soaring ceilings, classic architectural details, and rare west-facing views of the bay and downtown skyline.
Boasting an exceptional walkability score, the property is just steps away from Balboa Park, Little Italy, and the Gaslamp Quarter, offering the best of San Diego's urban lifestyle.
The monthly HOA fee of $1,315.50 is relatively high for a one-bedroom unit, which significantly increases the total monthly carrying costs for the owner.
As a structure built in 1929, the property may have inherent limitations regarding modern infrastructure or strict renovation guidelines due to its historic designation.
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 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $570.0K | $598.4K |
| Price per sq ft | $642 | $607 |
| Built year | 1929 | 1986 |
| HOA | $1315.5 | $536 |
| Days on market | 9 | 58 |
Oct 16, 2026
$570,000
Initial Listing
Oct 15, 2009
$193,500
Public Record
Oct 1, 2004
$455,000
Public Record