Realkey.ai
RealKey
‪(213) 433-7766‬

702 Ash Street 500, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath

702 Ash Street 500, San Diego, California 92101 home-pic-0
ACTIVE$339,000$628/sqft
702 Ash Street 500, San Diego, California 92101
1Bed
1Bath
628Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Iconic Historic Building & Architecture: The property is located in the El Cortez, one of San Diego's most iconic buildings, featuring a beautiful and welcoming lobby that attests to its timeless charm and historic significance.
Top Cons:
Exorbitant Association Fees: The monthly association fee of $1272.0 is exceptionally high for a 628 sqft unit, significantly impacting the overall cost of ownership.

Compared to the nearby listings

Price:$339.0K vs avg $725.0K ($-386,000)3%
Size:628 sqft vs avg 1,046 sqft9%
Price/sqft:$540 vs avg $7027%

More Insights

Built in 1927 (99 years old).
Condition: The unit is move-in ready with updated light grey tile flooring and fresh paint throughout. The kitchen features modern white cabinets and granite countertops, but the white electric coil-top range and other white appliances are notably dated. The bathroom is clean and functional with updated fixtures. While the building was constructed in 1927, the interior of the unit appears to have undergone significant renovations within the last 10-15 years, making it well-maintained and functional, though a kitchen appliance upgrade would further modernize the space.
Year Built
1927
Close
-
List price
$339K
Original List price
$369K
Price/Sqft
$540
HOA
$1,272
Days on market
-
Sold On
-
MLS number
PTP2600282
Home ConditionGood
Features
Good View: Bay, City Lights, Water
Pool
ViewBay,City Lights,Water

About this home

$30k Price Redc to generate immediate interest--unit is in move in ready! You'll find no better downtown value! Live your best life high above it all in the El Cortez, one of San Diegos's most iconic buildings. A beautiful and welcoming lobby area attests to the timelessness of this downtown gem. This southwest unit is perfectly perched to catch the abundant sunshine by day, and beautiful city lights at night, along with a peek view of San Diego Bay. A dedicated entry area adds to the sense of spaciousness, separating the living area from the bedroom and the bath. Leave your car in the underground parking and take full advantage of the amenities of your new home.... A/C, Pool, shared BBQ and Terrace, Gym/Fitness center, and of course, the vibrant, walkable downtown. Property has previously been rented furnished for a minimum 30 days stay and is near Balboa Hospital and 32nd Street. Property is on the Mills Act which offers potential savings on Property Taxes. Some furnishings may be available for purchase. Complex is VA Approved

C
Carole Otterstad
Listing Agent

Nearby schools

5/10
Washington Elementary School
Public,•K-5•0.6mi
5/10
Roosevelt International Middle School
Public,•6-8•1.5mi

Price History

Date
Event
Price
10/25/21
Sold
$319,000
11/28/18
Sold
$300,000
07/06/10
Sold
$280,000
04/20/09
Sold
$125,000
10/07/04
Sold
$251,500
Condition Rating
Good
The unit is move-in ready with updated light grey tile flooring and fresh paint throughout. The kitchen features modern white cabinets and granite countertops, but the white electric coil-top range and other white appliances are notably dated. The bathroom is clean and functional with updated fixtures. While the building was constructed in 1927, the interior of the unit appears to have undergone significant renovations within the last 10-15 years, making it well-maintained and functional, though a kitchen appliance upgrade would further modernize the space.
Pros & Cons

Pros

Iconic Historic Building & Architecture: The property is located in the El Cortez, one of San Diego's most iconic buildings, featuring a beautiful and welcoming lobby that attests to its timeless charm and historic significance.
Prime Downtown Location & Walkability: Situated in the vibrant 92101 downtown area, the property offers exceptional walkability to urban amenities and is conveniently located near Balboa Hospital.
Desirable Views & Abundant Natural Light: This southwest-facing unit is perfectly positioned to capture abundant sunshine by day, beautiful city lights at night, and offers a peek view of San Diego Bay.
Comprehensive Building Amenities: Residents benefit from a wide array of amenities including A/C, a pool, shared BBQ and terrace, a gym/fitness center, and convenient underground parking.
Financial Advantages & Investment Potential: The property is on the Mills Act, offering potential savings on property taxes, is VA Approved, and has a proven track record for short-term furnished rentals (minimum 30 days), indicating strong investment potential.

Cons

Exorbitant Association Fees: The monthly association fee of $1272.0 is exceptionally high for a 628 sqft unit, significantly impacting the overall cost of ownership.
Compact Unit Size: At 628 square feet, the unit offers a relatively compact living space for a 1-bedroom, which may limit its appeal to buyers seeking more expansive interiors.
Potential for Dated Interior Finishes: While described as 'move-in ready,' the unit is in a 1927 building, and the description does not specify recent interior renovations, suggesting that some elements within the unit may be dated compared to newer constructions.
Browse Properties by State Browse housing market trends by state