702 Ash St
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702 Ash St #704

C

San Diego, CA 92101

$779,000

Soft Appraisal Value: $760,700 · 2.4% above estimate

Beds

2

Baths

2

Sqft

1,032

Year Built

1927

Days on Market

9

Property Type

Condo

HOA/mo

$1,329

MLS ID

260014491SD

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

About This Property

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.

Mortgage Calculator

Est. Monthly Payment

$6,274

Principal & Interest$3,939
Property Tax$779
Insurance$227
HOA$1,329
%($155,800)
%

Location

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Investment Score

9D
Est. Monthly Rent
$3,680
Monthly Cashflow

Rent − PITIA

$-2,594
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,090

Mortgage (P+I)
$3,939
Cap Rate
-0.23%
Cash-on-Cash
-31.50%
DSCR

Need ≥ 1.25 for DSCR loan

0.59
Break-even Rent
$8,991

NOI (Annual)
$-1,807
Price-to-Rent

Lower = better for investors

17.6

* 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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