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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$749,900
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 property taxes and HOA fees compared to similar downtown properties, offering substantial financial savings.
Top Cons:
High Association Fee: Despite Mills Act benefits, the base association fee of $1151.00 per month is substantial and a significant ongoing cost for ownership.

Compared to the nearby listings

Price:$749.9K vs avg $699.0K (+$50,900)57%
Size:1,201 sqft vs avg 1,056 sqft63%
Price/sqft:$624 vs avg $69425%

More Insights

Built in 1929 (96 years old).
Condition: Despite being in a historic building from 1929, this loft has undergone a comprehensive and stylish modern renovation. The kitchen features contemporary white flat-panel cabinetry, stainless steel appliances, and a subway tile backsplash, all appearing new or virtually new. The main level boasts beautiful dark natural wood floors, while the loft area has clean, well-maintained carpeting. The overall aesthetic, including recessed lighting and modern fixtures, aligns with current design standards. The property is move-in ready with no visible deferred maintenance, reflecting a recent, high-quality update.
Year Built
1929
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$624
HOA
$1,151
Days on market
-
Sold On
-
MLS number
250029712SD
Home ConditionExcellent
Features
Good View:
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 in a historic building from 1929, this loft has undergone a comprehensive and stylish modern renovation. The kitchen features contemporary white flat-panel cabinetry, stainless steel appliances, and a subway tile backsplash, all appearing new or virtually new. The main level boasts beautiful dark natural wood floors, while the loft area has clean, well-maintained carpeting. The overall aesthetic, including recessed lighting and modern fixtures, aligns with current design standards. The property is move-in ready with no visible deferred maintenance, reflecting a recent, high-quality update.
Pros & Cons

Pros

Historic Mills Act Benefits: The property benefits from the Historic Mills Act, significantly reducing monthly property taxes and HOA fees compared to similar downtown properties, offering substantial financial savings.
Unique Loft Design & Aesthetics: Features striking 20-foot ceilings, exposed beams, natural wood floors, and an urban NYC loft ambiance, creating a distinctive and stylish living space ideal for art displays.
Prime Downtown Location: Situated in tranquil Cortez Hill, offering excellent walkability and close proximity to major San Diego attractions like Petco Park, Gaslamp Quarter, Little Italy, and Balboa Park.
Private Outdoor Patio & City Views: Includes a private outdoor patio nestled among jacarandas, providing a rare personal outdoor retreat with views of the city skyline in a downtown setting.
Comprehensive Building Amenities & Historic Prestige: The iconic El Cortez building, a San Diego Historical Landmark, offers desirable amenities including parking, a fitness center, pool, and EV chargers, enhancing lifestyle and value.

Cons

High Association Fee: Despite Mills Act benefits, the base association fee of $1151.00 per month is substantial and a significant ongoing cost for ownership.
Single Bedroom Configuration: As a bachelor(ette) loft with one bedroom, the property's appeal is limited to individuals or couples, potentially narrowing the buyer pool.
Historic Building Maintenance: Built in 1929, the historic nature of the building, while charming, may entail specific maintenance considerations or restrictions inherent to older structures.

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