The convent was founded on 1592, on a land in Prado Viejo that was donated by the Princess of Asculi, Doña Francisca de Guzmán, to the Augustinian Recollect.
In addition to the land donated by the founder, the monks bought surrounding orchards throughout the first half of the century, extending notably the length of the convent.
The church had the Spanish Baroque's characteristic plant: lounge floor, of a single nave with closed side chapels that formed spaces almost independent of the rest.
Among them, it must highlight the Chapel of Our Lady of Copacabana, which housed the image of the Patron saint of Peru brought by Friar Miguel de Aguirre in November 1662.
The exterior of the chapel was decorated with paintings by Francisco Herrera the Younger, Sebastián de Llanos y Valdés and Juan de Arellano, in the Chapel of the Virgin works by Luca Giordano and Luisa Roldán (La Roldana).