
San Diego, California 92101
This Distinguished Historic Residence at the El Cortez represents a High-Potential Investment Opportunity, listed at $1,060,000—positioned slightly above the $1,033,367 Fair Market Value. While the price reflects its premium status, the property offers unique financial advantages, including a Mills Act tax designation and an assumable mortgage under 3%. Featuring a Mint Condition Rating with high-end marble finishes and breathtaking skyline views, this home provides a sophisticated urban lifestyle. It is an ideal acquisition for Sophisticated Investors or Owner-Occupants seeking a rare, landmark property in downtown San Diego.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash St 1103 Subject | $1,060,000* List Price | 2 | 2 | 1,523 | $679 | - |
A 1441 9th Avenue 803 Sold | $915,000 | 2 | 2 | 1,451 | $631 | 0.1 mi |
B 850 Beech St. 514 Sold | $915,000 | 3 | 2 | 1,270 | $720 | 0.1 mi |
C 1601 India 214 Sold | $780,000 | 2 | 2 | 1,291 | $604 | 0.6 mi |
D 1501 India St 204 Sold | $1,305,000 | 2 | 3 | 1,800 | $725 | 0.6 mi |
E 1240 India St 703 Sold | $1,089,000 | 3 | 3 | 1,441 | $756 | 0.6 mi |
F 800 The Mark 904 Sold | $775,000 | 1 | 1 | 1,108 | $699 | 0.6 mi |
G 300 W Beech 1908 Sold | $935,000 | 2 | 2 | 1,132 | $826 | 0.5 mi |
H 1441 9th Avenue 901 Sold | $850,000 | 2 | 2 | 1,235 | $688 | 0.1 mi |
I 1441 9th Avenue 1602 Active | $869,000 List Price | 2 | 2 | 1,251 | $695 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1927 build date, this residence has undergone a high-end renovation within the last 5 years. It features a modern open-concept kitchen with marble countertops, stainless steel appliances, and a wine fridge, along with updated hardwood flooring and custom bathroom finishes. The inclusion of modern systems like in-unit laundry and EV charging access confirms its mint, move-in-ready status.
The property offers a rare combination of significant property tax savings through the Mills Act and a highly desirable assumable mortgage at a rate under 3%, providing massive long-term value.
As the largest two-bedroom floor plan in the iconic El Cortez, the residence features soaring 10-foot ceilings and vaulted primary suite ceilings that provide a sense of volume rarely found in downtown living.
The interior is thoughtfully renovated with high-end marble countertops, a wine refrigerator, and premium conveniences including two deeded parking spaces with EV charging access.
The association fee of $1,415 per month is substantial, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
With 91 days on the market, the property may face challenges regarding buyer perception or pricing alignment relative to current downtown San Diego market velocity.
Welcome to an exceptional opportunity to own a distinguished residence within the historic El Cortez, one of San Diego's most celebrated architectural landmarks. Designated under the Mills Act, this property offers significant property tax savings while preserving the timeless elegance and prestige of a truly iconic address. Boasting the largest two-bedroom floor plan in the building, this expansive residence seamlessly blends historic character with modern sophistication. Rich hardwood flooring flows throughout the living spaces, complemented by custom tile finishes in the bathrooms. The thoughtfully renovated open-concept kitchen features luxurious marble countertops, stainless steel appliances, a built-in wine refrigerator, custom cabinetry, and a dramatic hand-carved stone basin sink that serves as both a functional centerpiece and a work of art. Grand historic windows flood the home with natural light, highlighting soaring 10-foot ceilings and a vaulted ceiling in the primary suite, creating a sense of volume and architectural distinction rarely found in downtown living. Residents enjoy access to an expansive terrace retreat, ideal for entertaining, outdoor dining, or simply relaxing while taking in breathtaking views of the downtown skyline. Additional conveniences include a dedicated utility and laundry room with a full-size washer and dryer, as well as access to supplemental laundry facilities on the same floor. Included are two deeded, premium-positioned parking spaces within the secure underground garage, along with access to electric vehicle charging stations Smart parcel lockers provide secure package management with real-time delivery notifications for added convenience. The El Cortez offers an impressive collection of resort-style amenities, including a sparkling pool, a well-appointed fitness center, and professional on-site management. Just steps away, residents enjoy a curated selection of neighborhood favorites, including a gourmet market, artisan coffee shop, Italian café, and yoga studio. Perfectly positioned in the heart of San Diego, this coveted residence is moments from Balboa Park, Little Italy, Petco Park, the Gaslamp Quarter, Seaport Village, and some of the city's finest dining, shopping, cultural attractions, and entertainment venues. Rich in history and renowned for hosting presidents, celebrities, and notable dignitaries, the El Cortez represents a rare blend of heritage, luxury, and urban sophistication. Opportunities to acquire a residence of this caliber within one of San Diego's most iconic buildings are exceptionally rare. Owner Offering Assumable Martgage under 3%.
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 | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,523 | 1,002.307 |
| Lot Size | - | 75,574.68 |
| Price | $1.06M | $596.0K |
| Price per sq ft | $696 | $612 |
| Built year | 1927 | 1985 |
| HOA | $1415.0 | $529 |
| Days on market | 96 | 55 |
Jun 5, 2026
$1,060,000
Initial Listing
Mar 5, 2021
$725,000
Public Record
Apr 29, 2010
$320,500
Public Record
Sep 1, 2005
$925,000
Public Record