
San Diego, California 92101
This historic residence at the El Cortez is a High-Potential Investment Opportunity, listed at $749,000—positioned well above the $712,088 Fair Market Value by 5%. While priced at a premium, the property offers a unique Mills Act tax advantage and a rare in-unit washer/dryer within a Condition Rating of 3. Featuring stunning panoramic skyline and bay views, this unit provides a sophisticated urban lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, historic asset in downtown San Diego.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash Street 800 Subject 2 bd · 2 ba · 1,212 sqft · $599 | $749,000* List Price | 2 | 2 | 1,212 | $599 | - |
A 850 Beech Street 908 Sold 2 bd · 2 ba · 1,230 sqft · $573 · 0.1 mi | $704,900 | 2 | 2 | 1,230 | $573 | 0.1 mi |
B 425 W Beech Street 303 Sold 2 bd · 2 ba · 1,069 sqft · $585 · 0.5 mi | $625,000 | 2 | 2 | 1,069 | $585 | 0.5 mi |
C 1441 9th Avenue 803 Sold 2 bd · 2 ba · 1,451 sqft · $631 · 0.1 mi | $915,000 | 2 | 2 | 1,451 | $631 | 0.1 mi |
D 800 The Mark 710 Sold 2 bd · 2 ba · 1,214 sqft · $737 · 0.6 mi | $895,000 | 2 | 2 | 1,214 | $737 | 0.6 mi |
E 1080 Park Blvd 1315 Sold 2 bd · 2 ba · 1,422 sqft · $475 · 0.3 mi | $675,000 | 2 | 2 | 1,422 | $475 | 0.3 mi |
F 1514 7th Avenue 306 Sold 3 bd · 2 ba · 1,348 sqft · $474 · 0.1 mi | $639,000 | 3 | 2 | 1,348 | $474 | 0.1 mi |
G 575 6th Ave 1110 Sold 2 bd · 2 ba · 1,032 sqft · $780 · 0.6 mi | $805,000 | 2 | 2 | 1,032 | $780 | 0.6 mi |
H 425 W Beech Street 403 Sold 2 bd · 2 ba · 1,071 sqft · $574 · 0.5 mi | $615,000 | 2 | 2 | 1,071 | $574 | 0.5 mi |
I 850 Beech St 203 Active 2 bd · 2 ba · 1,230 sqft · $471 · 0.1 mi | $579,000 List Price | 2 | 2 | 1,230 | $471 | 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 interior with renovations likely performed 10-15 years ago. The kitchen and bathrooms are functional and clean with classic subway tile and stone counters. The presence of recessed lighting, in-unit laundry, and updated flooring indicates the systems are modern and the property is move-in ready.
The property benefits from the Mills Act, providing significant property tax savings that help offset the monthly HOA dues, offering a substantial long-term financial advantage for downtown living.
Located in the iconic El Cortez, this residence features a private split-bedroom floorplan and a rare in-unit washer and dryer, blending 1920s historic character with essential modern conveniences.
Boasting oversized 6-foot windows with views of the skyline and Bay, the unit is perfectly positioned within walking distance to Little Italy, Balboa Park, and Seaport Village.
The association fee is significant at $1,359.17 per month, which may be a deterrent for budget-conscious buyers despite the property tax savings.
The mention of a $12.50/year city resident parking permit suggests that dedicated on-site parking may be limited, which can be a challenge in the high-density Downtown area.
Own a piece of history at the iconic El Cortez! Residence #800 benefits from a Mills Act property tax savings that help offset HOA dues, a financial advantage for Downtown living! This thoughtfully designed 2BR/2BA split floorplan places the bedrooms on opposite sides of the unit, so neither shares a wall, offering true privacy for owners and their guests. Oversized 6 FT windows dressed in plantation shutters frame stunning views of Downtown's skyline, Little Italy, and the Bay, while welcoming in a refreshing Bay breeze throughout the home. This elegant unit is available furnished, making it an effortless move-in as an instant second home or turnkey investment property. Residence #800 also features an in-unit washer and dryer, a rare find within the building! Once a celebrated hotel, El Cortez pairs historic charm with an impressive amenity lineup, including EV charging, a fitness center, a pool, two large common-area patios, BBQ facilities, and "The Don Room". Perfectly situated minutes from Little Italy, Seaport Village, Balboa Park, and major freeway access, this historic gem offers residents both comfort and convenience. City resident parking permit available for purchase at $12.50/year if extra parking is needed.
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 | 1,212 | 1,018.142 |
| Lot Size | 40,043 | 75,257.211 |
| Price | $749.0K | $598.4K |
| Price per sq ft | $618 | $607 |
| Built year | 1929 | 1986 |
| HOA | $1359.17 | $536 |
| Days on market | 45 | 58 |
Sep 10, 2026
$749,000
Initial Listing
May 16, 2023
$789,000
Public Record
Jan 21, 2014
$549,000
Public Record
Mar 15, 2010
$249,500
Public Record
Dec 15, 2004
$679,000
Public Record