A once-in-a-generation opportunity to own a piece of San Diego history with huge tax saving. Perched atop the iconic El Cortez-downtown's premier landmark and former luxury hotel rumored to have hosted legends like Elvis Presley and The Beatles-Penthouse 1400 rarely hits the market and offers an unmatched luxury living experience. Arrive in ultimate prestige as double elevator doors open directly into your private domain. Showcasing unobstructed, breathtaking 360-degree panoramic views of the San Diego skyline, bay, and beyond that can never be built out, this fully updated penthouse seamlessly blends vintage glamour with elevated modern living. The main residence features expansive living spaces bathed in natural light, framing dramatic cityscapes from every room. In addition to the main layout, the property includes a private 3rd bedroom and full bath located on the same floor just across the hallway. Reminiscent of the building's glamorous hotel origins, this versatile independent suite operates seamlessly as a private guest room, executive home office, studio, or quarters for visiting family seeking complete privacy. Step outside onto your expansive private terrace-a rare downtown outdoor sanctuary offering ample space for alfresco dining and sunset entertaining against the backdrop of the city lights. Beyond its incredible aesthetic appeal, the property offers major financial advantages. Benefit from the building's official Mills Act Historical Designation, capping annual property taxes per year-a rare financial benefit that makes this unbeatable for value in downtown! El Cortez amenities include a resort-style outdoor pool and sun deck area, fitness center and a gated parking garage. This unit has 2 assigned parking spots.