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702 Ash St 102, San Diego, California 92101, San Diego, 92101 - 1 bed, 2 bath

702 Ash St 102, San Diego, California 92101 home-pic-0
ACTIVE$769,900
702 Ash St 102, San Diego, California 92101
1Bed
2Baths
1,201Sqft
40,043Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Historic Mills Act Benefits: The property benefits from the Historic Mills Act, significantly reducing monthly taxes and HOA fees compared to similar downtown properties, offering substantial long-term savings.
Top Cons:
High Association Fee: Despite the Mills Act benefits, the association fee of $1151.0 is substantial and could be a significant ongoing cost for potential buyers.

Compared to the nearby listings

Price:$769.9K vs avg $699.0K (+$70,900)59%
Size:1,201 sqft vs avg 1,056 sqft63%
Price/sqft:$641 vs avg $69433%

More Insights

Built in 1929 (96 years old).
Condition: Despite being built in 1929, this loft has undergone an extensive, high-quality modern renovation. The kitchen features contemporary flat-panel cabinetry, stainless steel appliances, a large island with a waterfall countertop, and modern lighting. Both bathrooms are fully updated with stylish vanities, fixtures, and tiling, presenting a virtually new appearance. Beautiful natural wood floors are present throughout, and all visible light fixtures are modern, indicating a recent and comprehensive overhaul that meets current quality standards.
Year Built
1929
Close
-
List price
$770K
Original List price
$770K
Price/Sqft
$641
HOA
$1,151
Days on market
-
Sold On
-
MLS number
250025576SD
Home ConditionExcellent
Features
Good View:
Pool
Patio
View-

About this home

Rare & stylish bachelor(ette) loft featuring striking 20-foot ceilings & an outdoor patio. Enjoy significant savings with the Historic Mills Act which makes monthly Tax + HOA lower than similar downtown properties. Private entrance accessible from 1st floor of building, NO elevator needed! Step through elegant French doors into an expansive, sunlit open space with soaring ceilings, exposed beams, and an urban NYC loft ambiance ideal for art displays. The main level offers beautiful natural wood floors, a modern kitchen with island, spacious living area, full guest bath, and walk-in storage. Upstairs, the loft includes a roomy bedroom, dedicated office area, walk-in closet, and second full bath. Outside, relax on your private patio nestled among jacarandas with views of the city skyline. Perched 175 feet above sea level, the iconic El Cortez is a San Diego Historical Landmark listed on the National Register of Historic Places. Originally built in 1927, it has hosted notable guests like Eisenhower and Elvis Presley. Set in tranquil Cortez Hill, you're close to Petco Park, Gaslamp, Little Italy, and Balboa Park. Amenities include parking, fitness center, pool, and EV chargers. Visit this exceptional home today—Carpe Diem!

Nearby schools

5/10
Washington Elementary School
Public,•K-5•0.6mi
5/10
Roosevelt International Middle School
Public,•6-8•1.5mi
Condition Rating
Excellent
Despite being built in 1929, this loft has undergone an extensive, high-quality modern renovation. The kitchen features contemporary flat-panel cabinetry, stainless steel appliances, a large island with a waterfall countertop, and modern lighting. Both bathrooms are fully updated with stylish vanities, fixtures, and tiling, presenting a virtually new appearance. Beautiful natural wood floors are present throughout, and all visible light fixtures are modern, indicating a recent and comprehensive overhaul that meets current quality standards.
Pros & Cons

Pros

Historic Mills Act Benefits: The property benefits from the Historic Mills Act, significantly reducing monthly taxes and HOA fees compared to similar downtown properties, offering substantial long-term savings.
Prime Downtown Location & Amenities: Situated in tranquil Cortez Hill, the property offers excellent walkability to major attractions like Petco Park, Gaslamp, Little Italy, and Balboa Park, complemented by building amenities including parking, a fitness center, pool, and EV chargers.
Unique Architectural Design: Features striking 20-foot ceilings, exposed beams, natural wood floors, and an expansive, sunlit open space with an urban NYC loft ambiance, ideal for art displays and offering a distinctive living experience.
Historical Significance & Prestige: Located in the iconic El Cortez, a San Diego Historical Landmark listed on the National Register of Historic Places, the building boasts a rich history and hosted notable guests, adding unique character and potential value.
Private Outdoor Patio & Views: Includes a private outdoor patio nestled among jacarandas with views of the city skyline, a rare and highly desirable feature for a downtown loft.

Cons

High Association Fee: Despite the Mills Act benefits, the association fee of $1151.0 is substantial and could be a significant ongoing cost for potential buyers.
Single Bedroom Layout: With only one bedroom for 1201 sqft, the property may not appeal to buyers seeking multiple bedrooms or more flexible living arrangements, potentially limiting the buyer pool.
Niche Market Appeal: Marketed as a 'bachelor(ette) loft' with a unique open-concept design, this property may cater to a specific demographic, potentially narrowing its appeal compared to more traditional condominium layouts.

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