702 Ash Street 205, San Diego, California 92101, San Diego, 92101 - 2 bed, 2 bath
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San Diego, California 92101
This Historic Landmark Residence is a Strong Value Opportunity, listed at $485,000—positioned well below the $505,945 Fair Market Value by 4%. This valuation gap provides $20,945 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the unit seamlessly integrates 1929 architectural character with a modern kitchen and updated bathrooms. Residents enjoy a city skyline view, pool, and spa within the iconic El Cortez building. Located near Washington Elementary, this is an ideal acquisition for Owner-Occupants or urban professionals seeking historic prestige with modern utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash Street 205 Subject | $470,000* List Price | 2 | 2 | 1,002 | $484 | - |
A 1940 3rd Ave 205 Sold | $512,000 | 2 | 2 | 981 | $522 | 0.5 mi |
B 1551 4th Ave 208 Sold | $580,000 | 2 | 2 | 1,262 | $460 | 0.2 mi |
C 1441 9th Avenue 609 Sold | $500,000 | 1 | 1 | 870 | $575 | 0.1 mi |
D 1480 Broadway 2505 Sold | $550,000 | 2 | 2 | 929 | $592 | 0.5 mi |
E 1333 8th Ave 603 Sold | $599,900 | 2 | 2 | 1,143 | $525 | 0.1 mi |
F 1465 C St 3610 Sold | $599,000 | 2 | 2 | 1,177 | $509 | 0.5 mi |
G 702 Ash Street 500 Active | $329,000 List Price | 1 | 1 | 628 | $524 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, successfully blending its 1929 historic character with modern updates. The kitchen features stainless steel appliances and stone countertops, while the bathrooms have been updated with contemporary subway and penny tiling along with modern fixtures. The flooring and paint appear to be in good condition, suggesting renovations were likely completed within the last 10 to 15 years.
Located in the iconic El Cortez building, this residence offers a unique blend of 1920s vintage character and architectural significance that stands out in the modern downtown San Diego market.
The property boasts an exceptional location with high walkability to Little Italy, Balboa Park, and the Gaslamp Quarter, providing immediate access to premier dining, shopping, and cultural attractions.
Despite its historic status, the building provides a full suite of modern amenities including a pool, spa, fitness center, and controlled access, enhancing the overall lifestyle value for residents.
The monthly HOA fee of $1,333 is notably high relative to the list price, which may impact buyer affordability and overall monthly carrying costs.
Being a 1929 structure, the property may present challenges associated with aging infrastructure or potential restrictions on modern renovations common to historic preservation standards.
Located in the historic El Cortez, this 2-bedroom, 2-bath Unit 205 offers classic character with a functional layout in the heart of downtown San Diego. The residence features a spacious living area with natural light, well-sized bedrooms, and two full bathrooms. Blending vintage charm with everyday livability, the unit reflects the architectural significance of this iconic building. El Cortez amenities include pool, spa, fitness center, and controlled access. Conveniently located near Little Italy, Balboa Park, and the Gaslamp Quarter with easy access to dining, shopping, and entertainment. A unique opportunity to own in one of San Diego’s most recognized historic communities.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,002 | 1,107 | 41% |
| Lot Size | - | - | 50% |
| Price | $470.0K | $755.1K | 20% |
| Price per sq ft | $469 | $696 | 3% |
| Built year | 1929 | 2004 | 0% |
| HOA | $1333.0 | $897 | 75% |
| Days on market | 30 | 155 | 8% |
Apr 18, 2026
$470,000
$485,000
-3% Price Drop
Initial Listing
Mar 24, 2026
$485,000
Initial Listing
Aug 25, 2011
$226,500
Public Record
Mar 28, 2008
$205,000
Public Record
Dec 14, 2005
$625,000
Public Record
Dec 1, 2004
$430,000
Public Record