
San Diego, California 92101
This Historic Penthouse is a Turnkey Lifestyle Residence, listed at $1,060,000, which aligns closely with its $1,046,923 Fair Market Value. Featuring a Mint Condition Rating, this residence offers a sophisticated blend of 1920s Spanish Colonial Revival architecture and modern upgrades, including a contemporary kitchen and updated baths. Residents enjoy Panoramic City and Bay Views and a prime location near the Gaslamp Quarter. This property is an ideal acquisition for Cultural Stewards or Owner-Occupants seeking a prestigious, move-in-ready landmark address in downtown San Diego.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash 1103 Subject 2 bd · 2 ba · 1,523 sqft · $657 | $1,020,000* List Price | 2 | 2 | 1,523 | $657 | - |
A 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 |
B 850 Beech St. 514 Sold 3 bd · 2 ba · 1,270 sqft · $720 · 0.1 mi | $915,000 | 3 | 2 | 1,270 | $720 | 0.1 mi |
C 1601 India 214 Sold 2 bd · 2 ba · 1,291 sqft · $604 · 0.6 mi | $780,000 | 2 | 2 | 1,291 | $604 | 0.6 mi |
D 1240 India St 703 Sold 3 bd · 3 ba · 1,441 sqft · $756 · 0.6 mi | $1,089,000 | 3 | 3 | 1,441 | $756 | 0.6 mi |
E 800 The Mark 904 Sold 1 bd · 1 ba · 1,108 sqft · $699 · 0.6 mi | $775,000 | 1 | 1 | 1,108 | $699 | 0.6 mi |
F 300 W Beech 1908 Sold 2 bd · 2 ba · 1,132 sqft · $826 · 0.5 mi | $935,000 | 2 | 2 | 1,132 | $826 | 0.5 mi |
G 850 Beech St 910 Pending 3 bd · 2 ba · 1,285 sqft · $661 · 0.1 mi | $849,995 List Price | 3 | 2 | 1,285 | $661 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building dates to 1929, this penthouse has undergone a comprehensive and sensitive modern renovation. The kitchen features contemporary cabinetry, quartz countertops, and high-end stainless steel appliances (including a wine cooler and hood). The bathrooms are updated with modern fixtures and tile work, and the unit features fresh flooring, recessed lighting, and upgraded systems, presenting in mint, move-in-ready condition.
The property’s Mills Act designation provides significant property tax savings and historic preservation protections, offering a rare financial advantage for a luxury downtown residence.
As a top-floor residence in an iconic landmark, the unit offers sweeping southern, eastern, and western panoramas of the San Diego Bay, the ocean, and the downtown skyline.
This 1920s Spanish Colonial Revival penthouse features original decorative plasterwork and period tile, seamlessly integrated with modern upgrades to the kitchen and bathrooms.
The monthly HOA fee of $1,409.57 is substantial, which may impact the overall affordability and monthly carrying costs for some prospective buyers.
Due to its landmark status and Mills Act contract, the property is subject to strict preservation guidelines that may limit or complicate future renovations and exterior modifications.
Historic Mills Act–designated penthouse in the iconic El Cortez—one of San Diego’s most treasured 1920s Spanish Colonial Revival landmarks. This rare top-floor residence offers dramatic southern, eastern, and western panoramas of downtown and the bay, original architectural details such as decorative plasterwork and period tile, plus sensitive modern upgrades to the kitchen, baths, and building systems. As part of a Mills Act contract, the property conveys both significant historic-preservation protections and attractive property-tax benefits, making ownership a unique blend of cultural stewardship and financial advantage. Thoughtfully adapted for contemporary living, the penthouse is a 2-bedroom, 2-bath residence featuring a spacious open layout with a primary suite plus a second bedroom, in-unit laundry conveniently located by the kitchen, and access to the building’s secured historic lobby — which includes a secured package room — and elevator. Situated steps from the Gaslamp Quarter, Little Italy, Balboa Park and the Embarcadero, this offering appeals to buyers who value architectural character, downtown convenience, and the prestige of a landmark address—contact the listing agent for full unit specifications, Mills Act terms, parking and HOA details.
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 | 1,018.142 |
| Lot Size | 40,043 | 75,257.211 |
| Price | $1.02M | $598.4K |
| Price per sq ft | $670 | $607 |
| Built year | 1929 | 1986 |
| HOA | $1409.57 | $536 |
| Days on market | 44 | 58 |
Oct 3, 2026
$1,020,000
$1,060,000
-4% Price Drop
Initial Listing
Sep 11, 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