702 Ash Street 300, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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San Diego, California 92101
This historic unit at the El Cortez presents a High-Potential Investment Opportunity, listed at $419,000—positioned above the $376,560 Fair Market Value by 11%. While priced at a premium, the property features a Mills Act Agreement, providing significant annual tax savings that enhance long-term ROI. With a Condition Rating of 4, the unit offers Art Deco charm and panoramic city skyline views. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, historic urban residence in downtown San Diego.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash Street 300 Subject | $419,000* List Price | 1 | 1 | 628 | $629 | - |
A 889 Date St 304 Sold | $442,000 | 1 | 1 | 619 | $714 | 0.2 mi |
B 1514 7th Avenue 404 Sold | $399,000 | 1 | 1 | 672 | $594 | 0.1 mi |
C 425 W Beech St 1606 Sold | $465,000 | 1 | 1 | 655 | $710 | 0.5 mi |
D 425 W W Beech St 1353 Sold | $465,000 | 1 | 1 | 661 | $703 | 0.1 mi |
E 1580 Union Street 304 Sold | $502,500 | 1 | 1 | 681 | $738 | 0.5 mi |
F 1240 India Street 1205 Sold | $475,000 | 1 | 1 | 680 | $699 | 0.6 mi |
G 1465 C St. 3311 Sold | $360,000 | 1 | 1 | 721 | $499 | 0.5 mi |
H 1435 India St #406 Sold | $445,000 | 1 | 1 | 728 | $611 | 0.6 mi |
I 1642 7th Avenue 424 Active | $492,000 List Price | 1 | 1 | 747 | $659 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1929, this historical unit features new ceramic tile flooring and is well-maintained, but the kitchen and bathroom are dated (likely 20+ years since a full renovation) with older cabinetry and basic fixtures. While functional and move-in ready, the property requires minor updates to the kitchen and bath to meet modern standards.
The property features a Mills Act agreement, providing the owner with a substantial annual property tax reduction, which is a rare and highly valuable financial incentive for historical homes.
Situated in the legendary El Cortez building, the unit boasts 1920s vintage architecture and Art Deco details, offering a unique aesthetic and prestige that modern condominiums cannot replicate.
With new ceramic tile flooring throughout and the option for all furnishings to stay, this west-facing unit is perfectly positioned for an effortless transition for a new owner or investor.
The association fee of $1,274 per month is significantly high relative to the unit's square footage, which may impact the overall affordability and debt-to-income ratio for potential buyers.
At only 628 square feet, the living space is quite compact, which may limit its appeal to individuals or couples seeking more generous storage or room for a home office.
Step back in time in the legendary El Cortez. This Historical Crown Jewel of San Diego was built in 1929 as a prominent hotel. Its Vintage Architecture boasts loads of Art deco charm and has the MILLS ACT dedication. The owner has obtained a MILLS ACT Agreement for this property which offers a HUGE property tax reduction each year. West facing light and Bright with New ceramic tile flooring throughout that fits the 1920's. Beautiful Patio View and Breezes from all windows. Unit has a mini Office and All furnishings can stay. So just move right in! VA approved as well.
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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 628 | 999 |
| Lot Size | 40,043 | 84,697.5 |
| Price | $419.0K | $604.2K |
| Price per sq ft | $667 | $618 |
| Built year | 1929 | 1985 |
| HOA | $1274.0 | $500 |
| Days on market | 43 | 53 |
Jun 9, 2026
$419,000
Initial Listing
Dec 7, 2023
$379,000
Public Record
Mar 24, 2011
$127,000
Public Record
Sep 30, 2004
$299,000
Public Record