702 Ash
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702 Ash #509

D

San Diego, CA 92101

$575,000
NEW — 1d on market

Beds

1

Baths

2

Sqft

888

Year Built

1929

Days on Market

1

Property Type

Condo

HOA/mo

$1,315.5

MLS ID

260009161SD

This property is in San Diego (92101). View neighborhood stats →

About This Property

Perched within the iconic and highly sought-after El Cortez, this rare west facing one-bedroom, two-bath residence blends timeless character with modern comfort in downtown San Diego. This spacious layout offers an open living and dining area filled with natural light, soaring ceilings, and classic architectural details that honor the building’s storied heritage, all complemented by captivating views of downtown and the bay. The generously sized primary suite offers a walk in closet and additional storage, along with an en-suite full bathroom. The kitchen features updated countertops and a striking backsplash, adding a vibrant, contemporary touch. The inviting living area provides a functional and comfortable layout ideal for both everyday living and entertaining while a second full bathroom offers added convenience for guests. Custom recessed lighting throughout elevates the space. El Cortez amenities include a pool, fitness center, and the beautifully landscaped gardens that define this landmark property. Located just steps from Balboa Park, Little Italy, and Gaslamp Quarter, this home offers an exceptional blend of historic charm and urban convenience. With the Mills Act in place, this property also offers significant property tax savings. A rare opportunity to own a true piece of San Diego history!

Mortgage Calculator

Est. Monthly Payment

$4,966

Principal & Interest$2,908
Property Tax$575
Insurance$168
HOA$1,316
%($115,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$2,503
Monthly Cashflow

Rent − PITIA

$-2,463
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,518

Mortgage (P+I)
$2,908
Cap Rate
-1.27%
Cash-on-Cash
-36.71%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.50
Break-even Rent
$7,072

NOI (Annual)
$-7,324
Price-to-Rent

Lower = better for investors

19.1

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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