
San Diego, California 92101
This Distinguished Historic Residence is a High-Potential Investment Opportunity, listed at $1,060,000—positioned slightly above the $1,037,784 Fair Market Value. While not a discount buy, the property offers rare Mills Act Tax Savings and a Mint Condition Rating following a high-end renovation. Featuring a 1,523 sqft floor plan, panoramic downtown skyline views, and two deeded parking spaces, this home blends historic prestige with modern luxury. It is an ideal acquisition for Urban Professionals or Discerning Owner-Occupants seeking a turnkey, iconic San Diego lifestyle.
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 | $681 | - |
A 850 Beech Street 1901 Sold | $1,065,000 | 2 | 2 | 1,519 | $701 | 0.1 mi |
B 850 Beech St. 514 Sold | $915,000 | 3 | 2 | 1,270 | $720 | 0.1 mi |
C 1501 Front St 523 Sold | $975,000 | 3 | 2 | 1,568 | $622 | 0.4 mi |
D 425 W Beech St 1706 Sold | $959,000 | 2 | 3 | 1,379 | $695 | 0.5 mi |
E 1240 India St 703 Sold | $1,089,000 | 3 | 3 | 1,441 | $756 | 0.6 mi |
F 1441 9th Ave 505 Sold | $765,000 | 3 | 2 | 1,391 | $550 | 0.1 mi |
G 1441 9th Avenue 1602 Active | $879,000 List Price | 2 | 2 | 1,251 | $703 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building is a historic 1927 landmark, the interior of this residence has undergone a high-end modern renovation within the last 5 years. It features a contemporary open-concept kitchen with marble countertops, stainless steel appliances, updated hardwood flooring, and recessed lighting throughout. The unit is in mint condition with no visible maintenance needs, blending historic charm with modern systems and luxury finishes.
As a designated historic landmark under the Mills Act, this property offers substantial property tax savings, providing a significant long-term financial advantage for the owner.
Boasting the building's largest two-bedroom floor plan, the residence features 10-foot ceilings, a high-end marble kitchen, and expansive historic windows that blend classic elegance with modern luxury.
The unit includes two deeded, premium-positioned parking spaces with access to EV charging stations, a highly sought-after and rare commodity in the heart of downtown San Diego.
The monthly association fee of $1,415 is relatively high, which increases the total cost of ownership and may impact the monthly carrying costs for prospective buyers.
Built in 1927, the property may present challenges common to historic structures, such as older infrastructure or potential restrictions on certain types of interior modifications due to its landmark status.
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.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,523 | 1,103 | 85% |
| Lot Size | - | - | 50% |
| Price | $1.06M | $750.0K | 74% |
| Price per sq ft | $696 | $698 | 50% |
| Built year | 1927 | 2005 | 0% |
| HOA | $1415.0 | $897 | 77% |
| Days on market | 1 | 142 | 7% |
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