
San Diego, California 92101
This Sophisticated Historic Condominium represents a Strong Value Opportunity, listed at $779,000—positioned above the $707,582 Fair Market Value. While priced at a premium, the residence offers a Mint Condition Rating with high-end Italian marble finishes and hardwood flooring. Located in the iconic El Cortez, the property provides unique Mills Act tax benefits and a large shared terrace with panoramic downtown views. This is an ideal acquisition for Urban Professionals or Owner-Occupants seeking a turnkey, historic lifestyle in the heart of San Diego.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash St 704 Subject | $779,000* List Price | 2 | 2 | 1,032 | $705 | - |
A 702 Ash St 102 Sold | $659,900 | 1 | 2 | 1,201 | $549 | 0.0 mi |
B 1650 8th 104 Sold | $685,000 | 2 | 2 | 1,126 | $608 | 0.2 mi |
C 875 G Street 502 Sold | $625,000 | 2 | 2 | 1,018 | $614 | 0.6 mi |
D 425 W Beech Street 1201 Sold | $692,500 | 2 | 2 | 975 | $710 | 0.5 mi |
E 800 The Mark Lane Sold | $949,000 | 1 | 2 | 1,051 | $903 | 0.6 mi |
F 850 Beech St. 514 Sold | $915,000 | 3 | 2 | 1,270 | $720 | 0.1 mi |
G 800 The Mark Ln 904 Sold | $848,000 | 1 | 1 | 1,108 | $765 | 0.6 mi |
H 425 W Beech St 603 Sold | $550,000 | 2 | 1 | 822 | $669 | 0.5 mi |
I 1514 7th Ave 403 Active | $574,000 List Price | 2 | 2 | 1,069 | $537 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building is a 1927 historic landmark, the interior has undergone a high-end renovation within the last 5 years. The kitchen features modern Italian marble and stainless steel appliances, and the bathrooms are fully updated with contemporary fixtures and custom tile, meeting the criteria for mint condition with no immediate maintenance required.
As a designated historic landmark, this property offers the rare opportunity for significant property tax savings through the Mills Act, providing a substantial long-term financial advantage.
The residence boasts high-end finishes including Italian brecciated marble countertops, stainless steel appliances, and elegant hardwood flooring, blending modern luxury with historic charm.
Situated in the legendary El Cortez, the property offers a sophisticated urban lifestyle with access to a large common-area terrace featuring panoramic downtown and water views.
The association fee of $1,329 per month is considerably high for a unit of this size, which may deter budget-conscious buyers or impact mortgage qualification.
Built in 1927, the building may present limitations common to historic structures, such as restricted renovation options or older plumbing and electrical systems compared to modern developments.
Sophisticated Downtown Living in a Historic Landmark Experience the rare opportunity to own a beautiful two-bedroom, two-bath residence in the iconic El Cortez. Get approved under the Mills Act, this exceptional home can offer significant property tax savings w/application, while preserving the charm and character of one of downtown's most celebrated historic buildings. This spacious residence features elegant hardwood flooring throughout, custom tile work in the kitchen and bathrooms, and an updated open-concept kitchen complete with stainless steel appliances, Italian brecciated marble countertops, and quality cabinetry. The thoughtfully designed floor plan provides comfortable living and entertaining spaces filled with abundance of natural light. Residents enjoy access to a generous common-area terrace, perfect for relaxing, hosting barbecues, and taking in spectacular views of the downtown skyline. Combining historic architecture, modern upgrades, and valuable tax benefits, this residence presents an exceptional opportunity to enjoy upscale urban living in the heart of downtown. Highlights: Two spacious bedrooms and two full baths Mills Act designation in building, Apply Now with substantial property tax savings Historic landmark building Hardwood flooring throughout living areas Updated open kitchen with stainless steel appliances Custom tile flooring in kitchen and baths Large shared terrace with BBQ area Stunning downtown views and peek-aboo water views. Prime downtown location near dining, entertainment, and cultural attractions.
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 | 1,032 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $779.0K | $604.2K |
| Price per sq ft | $755 | $618 |
| Built year | 1927 | 1985 |
| HOA | $1329.0 | $500 |
| Days on market | 37 | 53 |
Jun 15, 2026
$779,000
Initial Listing
Jun 27, 2022
$650,000
Public Record
Nov 20, 2018
$475,000
Public Record
Jun 1, 2016
$537,500
Public Record
Sep 4, 2009
$265,000
Public Record
Nov 23, 2004
$590,000
Public Record