702 Ash St 201, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
702 Ash St 201
San Diego, California 92101
Property Price
SUMMARY
Analysis of 702 Ash St 201, San Diego, California 92101 is currently available with a list price of $399,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being in a historic building from 1927, the unit has undergone a very recent and extensive renovation. The description explicitly states 'a new look and fresh paint just completed in January 2025!' (likely a typo for 2024, indicating brand new condition) and features a 'gorgeous granite and stainless kitchen with under cabinet lighting.' The images confirm modern stainless steel appliances, new white shaker-style cabinets, and granite countertops in the kitchen. The bathroom, while described as 'classic subway tile,' appears impeccably clean and recently updated with new tiling and fixtures. All visible components, including flooring and paint, are in excellent, virtually new condition, meeting current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Significance & Mills Act
The property is located within the historic and iconic El Cortez building, benefiting from the Mills Act which provides a substantially lower property tax rate due to its historical significance.
- Prime Downtown Location
Situated in Downtown San Diego (92101), offering desirable urban living with convenient access to city amenities, entertainment, and dining.
- Modernized Interior & Kitchen
Features a recently completed 'new look and fresh paint' (January 2025, likely a typo for 2024) and a 'gorgeous granite and stainless kitchen with under cabinet lighting', providing contemporary comfort and style.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fee
The association fee of $1,081.00 per month is substantial and represents a significant ongoing cost for ownership.
- Compact Square Footage
With 685 sqft for a one-bedroom unit, the living space is relatively compact, which may limit flexibility for larger furniture or entertaining.
- Terrace Level Location
Being on the 'terrace level' could potentially expose the unit to more street-level noise or reduce privacy compared to units on higher floors, despite its west-facing aspect.
About 702 Ash St 201
West facing one bedroom on the terrace level of the historic and iconic El Cortez! Priced for immediate action. A new look and fresh paint just completed in January 2025! The Mills Act for historically significant properties in place for a substantially lower property tax rate. Gorgeous granite and stainless kitchen with under cabinet lighting. Beautiful floor to ceiling windows fill the space with natural light....large bedroom with ample closet storage & classic subway tile bath. Complex features a stunning lobby, well equipped gym, outdoor pool, full elevator access, gated garage with one space. Re-write your own history and become a resident of this storied San Diego landmark!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1927
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1081.0 / Month
Neighborhood Insights
San Diego Unified Schools
Washington Elementary School
Grades K-5 • 0.6 mi
Roosevelt International Middle School
Grades 6-8 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 43% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 685 | 1,094 | 18% |
| Lot Size | - | - | 50% |
| Price | $399.0K | $725.0K | 9% |
| Price per sq ft | $582 | $695 | 15% |
| Built year | 1927 | 2004 | 0% |
| HOA | $1081.0 | $830 | 71% |
| Days on market | 421 | 181 | 99% |
Pricing History
No pricing history data available.