$480,000
SOLD JUN 30, 2022
1 Bed
1 Bath
782 Sq Ft
$883/mo HOA Fee

Recently Sold

$614 Per Sq Ft

16 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Deck
  • Gated Parking
  • City Lights View
  • Mediterranean Architecture

About This Home

As of January 2024

Classic landmark minutes away from everything. Condo has fresh paint and newer hardwood flooring. Plenty of natural light as its a corner unit with multiple windows. The unit has a large bedroom and a spacious living area with large kitchen and breakfast bar. Sound-dampening window installed recently all and more within walking distance to Balboa Park, Little Italy, the Gaslamp District, and Petco Park and San Diego Big Bay! The Hill is downtown living with a strong community and neighborhood feeling. The building's amenities include 24-hour complimentary valet parking, 24-hour security & gym. The commercial spaces on the street level include a mini-convenience mart, yoga studio, hair salon and a restaurant. Come check it out! From its opening in 1927 through the 1950s, it was the most glamorous apartment-hotel in San Diego. The large "El Cortez" sign, which is illuminated at night, was added in 1937 and could be seen for miles. In the 1950s, the world's first outside glass elevator was built at the El Cortez. During the late 1960s and 1970s, the El Cortez fell on harder times. The El Cortez closed as a hotel in 1978 when it was purchased by evangelist Morris Cerullo to serve as an evangelism school. Cerullo sold the property in 1981, and the El Cortez was threatened with demolition until the San Diego Historic Site Board designated it as a historic site in 1990. It was added to the National Register of Historic Places in 2002. Many of the original elements remain in place, though substantial interior modifications have been made. The building is the 40th tallest building in San Diego, based on its height of 310 ft (94 m).

Last Agent to Sell the Property

Jean Paul Schwarz

The Schwarz Group License #01915341 Listed on: 05/21/2022

Co-Listed By

Elisabeth Schwarz

The Schwarz Group License #01926325

Last Buyer's Agent

Aviva Kamler

McGuire Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,823

Year Built

  • Built in 1929

Lot Details

  • 1 Common Wall
  • Gated Home

HOA Fees

  • $883 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Gated Parking
  • Guest Parking
  • Parking Permit Required

Home Design

  • Mediterranean Architecture
  • Concrete Roof
  • Stucco Exterior

Interior Spaces

  • 782 Sq Ft Home
  • Home Gym
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Convection Oven
  • Built-In Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Separate Water Meter
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 534-032-05-16

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), gated community, limited insurance, security
  • 85 Units
  • El Cortez Homeowners Association, Phone Number (949) 218-9970
  • El Cortez Community
  • 15-Story Property

Recreation

Pet Policy

  • Breed Restrictions

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,823

Year Built

Built in 1929

Lot Details

0

HOA Fees

$883 per month

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Attached
  • Architectural Style: Mediterranean/Spanish
  • Residential Styles: All Other Attached
  • Market Area: Metro Central
  • Cross Street: 7th
  • Neighborhood: Cortez Hill
  • Supplement: From its opening in 1927 through the 1950s, it was the most glamorous apartment-hotel in San Diego. The large "El Cortez" sign, which is illuminated at night, was added in 1937 and could be seen for miles. In the 1950s, the world's first outside glass elevator was built at the El Cortez. During the late 1960s and 1970s, the El Cortez fell on harder times. The El Cortez closed as a hotel in 1978 when it was purchased by evangelist Morris Cerullo to serve as an evangelism school. Cerullo sold the property in 1981, and the El Cortez was threatened with demolition until the San Diego Historic Site Board designated it as a historic site in 1990. It was added to the National Register of Historic Places in 2002. Many of the original elements remain in place, though substantial interior modifications have been made. The building is the 40th tallest building in San Diego, based on its height of 310 ft (94 m).
  • Estimated Living Space: 500 to 999 SqFt
  • LP / Sq Ft: 611.06
  • Price Per Sq Ft: 613.81
  • Residential Unit Location: 1 common wall
  • SP/ Sq Ft: 613.81
  • Stories: 1 Story
  • Stories In Building: 15
  • Ownership: Condominium
  • Total Stories: 1
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate
  • Equipment Available: Dishwasher, Disposal, Built In Range, Convection Oven, Counter Top
  • Elevator: Yes
  • Walls: Drywall
  • Searchable Rooms: Exercise Room
  • Total Bedrooms: 1
  • Bedrooms: 1
  • Master Bedroom Dimensions: 16X12
  • Full Bathrooms: 1
  • Laundry Location: Community, Laundry Room
  • Estimated Sq Ft: 782
  • Total Bathrooms: 1

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Patio: Deck
  • Roof: Concrete
  • View: City, Evening Lights

Garage/Parking

  • Garage Details: Gated, Community Garage
  • Garage Spaces: 1
  • Non Garage Parking: Permit/Decal, Guest Parking
  • Parking Spaces Total: 1

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric
  • Heating: Forced Air Unit
  • Heating Fuel: Electric
  • Utilities: Cable Available, Electricity Connected

Condo/Co-op/Association

  • Complex Name: El Cortez
  • Pets Allowed: Allowed w/Restrictions
  • Units In Building: 85
  • Total Number of Units: 1
  • Property Management Company: PMP Management
  • Property Management Phone: 949-218-9970
  • Community: SAN DIEGO
  • Complex Features: Exercise Room, Gated Community, Laundry Facilities
  • Home Owner Association: El Cortez Homeowners
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Gated Community, Limited Insurance, Security
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 883.0
  • HOA Payment Frequency: Monthly
  • Home Owner Association Phone: 949-218-9970

Association/Amenities

  • Entry Level Building: 1
  • Entry Level Unit: 2

Fee Information

  • Total Monthly Fees: 883

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: .25 to .5 AC
  • Water District: SAN DIEGUITO WATER DISTRICT
  • Assessments: Buyer to Verify
  • Assessor Parcel Number: 534-032-05-16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2024
Sold by
Mulligan Michael
Bought by
M Mulligan Family Trust and Mulligan
Current Estimated Value
$471,483

Purchase Details

Listed on
Jan 13, 2024
Closed on
Jan 23, 2024
Sold by
Jones Allison George
Bought by
Mulligan Michael
Seller's Agent
Jesse McManus
LPT Realty, Inc.
Buyer's Agent
Gregg Neuman
Berkshire Hathaway HomeServices California Properties
List Price
$499,995
Sold Price
$475,000
Premium/Discount to List
-$24,995
-5%
Views
95

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.09%

Purchase Details

Listed on
May 21, 2022
Closed on
Jun 10, 2022
Sold by
Mercedes Iglesias
Bought by
Jones Allison George
Seller's Agent
Jean Paul Schwarz
The Schwarz Group
Buyer's Agent
Aviva Kamler
McGuire Real Estate
List Price
$477,850
Sold Price
$480,000
Premium/Discount to List
$2,150
0.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.66%
Original Mortgage
$328,000
Interest Rate
5.25%
Mortgage Type
Balloon

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 8, 2021
Sold by
Ramirez Daniel E and Ramirez Lonna J
Bought by
Iglesias Mercedes
Seller's Agent
Adam Antinone
Antinone Real Estate
Buyer's Agent
Sean Zanganeh
Keller Williams Realty
List Price
$374,900
Sold Price
$380,000
Premium/Discount to List
$5,100
1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.60%

Purchase Details

Closed on
Jan 29, 2015
Sold by
Moore Edward F and Moore Colleen M
Bought by
Ramirez Daniel E and Ramirez Lonna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2014
Sold by
Moore Edward F and Moore Colleen M
Bought by
Moore Edward F and Moore Colleen M

Purchase Details

Closed on
Feb 24, 2014
Sold by
Moore Edward F and Moore Colleen M
Bought by
Moore Colleen M

Purchase Details

Closed on
Jun 23, 2011
Sold by
Mavrix Equity Group Inc
Bought by
Moore Edward F

Purchase Details

Closed on
Aug 27, 2010
Sold by
Ballantyne Herbert R and Skillman Joe W
Bought by
Mavrix Equity Group

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 11, 2005
Sold by
Ballantyne Herbert R and Skillman Joe W
Bought by
Skillman Joe W and Ballantyne Skillman Kathi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 29, 2004
Sold by
Janopaul Block S D #1 Llc
Bought by
Ballantyne Herbert R and Skillman Joe W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.62%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Grant Deed $475,000 Lawyers Title Company
Grant Deed $480,000 Ticor Title
Grant Deed $380,000 First American Title Company
Grant Deed $325,000 California Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $182,500 Lawyers Title
Grant Deed $140,000 Settlementone Title
Interfamily Deed Transfer -- Chicago Title Co
Condominium Deed $380,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $328,000 Balloon
Previous Owner $260,000 New Conventional
Previous Owner $183,750 Unknown
Previous Owner $304,000 Unknown
Closed $38,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2024 01/29/24 Sold $475,000 -5.0% $607 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $499,995 +4.2% $639 / Sq Ft
06/30/2022 06/30/22 Sold $480,000 +0.4% $614 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/21/2022 05/21/22 For Sale $477,850 +25.8% $611 / Sq Ft
11/22/2021 11/22/21 Sold $380,000 +1.4% $486 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $374,900 0.0% $479 / Sq Ft
04/25/2020 04/25/20 Rented $1,925 0.0% --
04/01/2020 04/01/20 For Rent $1,925 0.0% --
02/21/2019 02/21/19 Rented $1,925 0.0% --
02/11/2019 02/11/19 For Rent $1,925 0.0% --
04/01/2015 04/01/15 Sold $325,000 -1.5% $416 / Sq Ft
01/27/2015 01/27/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $329,900 -- $422 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,823 $122,976 $49,190 $73,786
2024 $1,823 $133,276 $53,310 $79,966
2023 $5,822 $461,000 $156,000 $305,000
2022 $4,704 $380,000 $128,615 $251,385
2021 $4,607 $360,848 $122,133 $238,715
2020 $4,549 $357,149 $120,881 $236,268
2019 $4,464 $350,147 $118,511 $231,636
2018 $4,176 $343,283 $116,188 $227,095
2017 $82 $336,553 $113,910 $222,643
2016 $4,006 $329,955 $111,677 $218,278
2015 $2,285 $190,729 $83,607 $107,122
2014 $2,233 $186,994 $81,970 $105,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220012002

San Diego MLS

APN: 534-032-05-16