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                      October 30, 2023

       Eugene Yates
       Chief Financial Officer
       Ironstone Properties, Inc.
       909 Montgomery Street
       San Francisco, CA 94133

                                                        Re: Ironstone
Properties, Inc.
                                                            Form 10-K for
fiscal year ended December 31, 2022
                                                            Filed May 17, 2023
                                                            File No. 000-12346

       Dear Eugene Yates:

              We issued a comment on the above captioned filing on September
14, 2023. On October
       6, 2023, we issued a follow-up letter informing you that the comment
remained outstanding and
       unresolved, and absent a substantive response, we would act consistent
with our obligations
       under the federal securities laws.

                As you have not provided a substantive response, we are
terminating our review and will
       take further steps as we deem appropriate. These steps include releasing
publicly, through the
       agency's EDGAR system, all correspondence, including this letter,
relating to the review of your
       filing, consistent with the staff's decision to publicly release comment
and response letters
       relating to disclosure filings it has reviewed.

              Please contact William Demarest at 202-551-3432 or Mark Rakip at
202-551-3573 with
       any questions.




                      Sincerely,


                      Division of Corporation Finance

                      Office of Real Estate & Construction