Welcome to San Diego Blog | January 12, 2012

A Good Deal in Downtown San Diego – The Mills at Cortez Hill – 1643 6th#204

An adorable condo is for sale at The Mills at Cortez Hill with an asking price of $299,000, $274 per square foot. Any property priced below $300 per square foot is a good deal in downtown San Diego. Surprisingly, this 2 bedroom, 1090 square foot home has been on the market for a month and half, and is still available. It’s freshly painted, has balcony views to San Diego Bay, is move-in ready, and has a full size in-unit washer and dryer.

The Mills complex is a 6-story mid-rise with 133 residences located in the quiet, residential neighborhood of Cortez Hill. The oldest neighborhood of downtown San Diego, Cortez Hill is named for the landmark El Cortez Apartment Hotel built in the 1920s. The neighborhood is dotted with Victorian style homes from early 1900s, high rises, apartment complexes, and mixed use commercial projects. Stunning city and bay views are common on Cortez Hill because of its hillside location, slightly elevated over downtown.

The Mills is uniquely situated between Balboa Park and downtown San Diego, Gaslamp, Marina, and Little Italy. Residents of The Mills have the best of both worlds, with just a short walk in either direction to shops and Italian restaurants of Little Italy, the vibe of Gaslamp, and the museums and attractions of Balboa Park.

The Mills complex is quintessential California urban living with outdoor interior walkways, inviting modern entrances designed with textured walls, artful décor including large flower pots and potted trees, and oversized sitting room chairs.

Low HOA Dues mean added Value

HOAs for unit #204 are $351/mo, considered low for downtown San Diego condos. HOA dues cover hot water, trash disposal, common area maintenance, landscaping, a fitness center and use of the Mills House clubhouse for residents.

The Mills House, a designated historical landmark, is a 3200-square ft., Victorian-style beauty originally built in the early 1900s, restored and renovated as part of The Mills complex. A gorgeous interior, beautiful hardwood floors, full kitchen and billiards make it a perfect place for social gatherings, coffee with friends, or a reading spot.

The Mills is not currently FHA approved which means financing would be conventional, however, owner occupancy in the building may be high enough that, depending upon your credit, a down payment of 5 to 10 percent could be sufficient.

Investment Opportunity

If you’re in the market for a two bedroom, this is a must-see, and it won’t last long. Please call for a tour today (619) 246-8400.

Written by: Dannecker & Associates

Categories: Buyers, Cortez Hill, Cortez Hill Real Estate, Downtown San Diego, Real Estate Investment, San Diego Real Estate

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