207 5Th Ave , #1201

    San Diego, CA 92101
    • $750,000
    • STATUS: ACTIVE
    • ON SITE: 23 days
    • ID#: 180063843
    UPDATED: 43 min ago
    $750,000
    • 1
      BEDS
    • 1.21
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 659
      SQFT
    • $1,138
      $/SQFT
    Neighborhood:
    Type:
    Condo
    Built:
    2008
    County:

    School Ratings & Info

    Description

    Here's one of the BEST OF THE BEST! Penthouse Rockstar Gold Suite. Own the Penthouse on the 12th floor of the Hard Rock Hotel, overlooking the city, convention center, Hard Rock pool, concert area and even enjoy partial views of Coronado Island and San Diego Bay as well. Sold together with unit 1209 (currently for sale as well) for $1,590,000 in 2008. Now offered for the first time apart if desired, or buy both to own an ultimate 2 bed, 2 bath penthouse... Both 1201 & 1209 units are for sale. They are rented separately or together by the Hard Rock. Verbal historical average for last 5 years for unit 1201 is $52,000 gross profit. Based on estimated value of $750K for just unit 1201 you are looking at roughly 4.25-4.5 cap rate. These just don't go on the market often if ever at all. Considered one of the top units in the Hard Rock these units average higher rents than most all the other units in the building. Excellent corporate opportunity looking to park money, acquire a cap rate and utilize the unit for business, conferences or employee travels. Individual owners can benefit from the same and reap the rewards of always having Comicon accommodations or having the knowledge that you have one of the best units in the entire building. Great 1031 opportunity.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/89498704

    207 5Th Ave , #1201 San Diego, CA 92101

    • Price: $750,000
    • Status: ACTIVE
    • Updated: 43 min ago
    • ID#: 180063843
    1
    Beds
    1
    Baths
    0
    ½ Baths
    1.21
    Acres
    659
    SQFT
    $1,138
    $/SQFT
    2008
    Built
    Neighborhood:
    Gaslamp
    County:
    San Diego
    Area:
    San Diego Downtown (92101)
    Property Description
    Here's one of the BEST OF THE BEST! Penthouse Rockstar Gold Suite. Own the Penthouse on the 12th floor of the Hard Rock Hotel, overlooking the city, convention center, Hard Rock pool, concert area and even enjoy partial views of Coronado Island and San Diego Bay as well. Sold together with unit 1209 (currently for sale as well) for $1,590,000 in 2008. Now offered for the first time apart if desired, or buy both to own an ultimate 2 bed, 2 bath penthouse... Both 1201 & 1209 units are for sale. They are rented separately or together by the Hard Rock. Verbal historical average for last 5 years for unit 1201 is $52,000 gross profit. Based on estimated value of $750K for just unit 1201 you are looking at roughly 4.25-4.5 cap rate. These just don't go on the market often if ever at all. Considered one of the top units in the Hard Rock these units average higher rents than most all the other units in the building. Excellent corporate opportunity looking to park money, acquire a cap rate and utilize the unit for business, conferences or employee travels. Individual owners can benefit from the same and reap the rewards of always having Comicon accommodations or having the knowledge that you have one of the best units in the entire building. Great 1031 opportunity.
    Exterior Features

    Configuration Deck Entry Level Building 1 Entry Level Unit 12 Exterior Other/Remarks Fencing Other/Remarks Lot Size 0 (Common Interest) Parking For RV None Known Parking Garage Description None Known Parking Non Garage Spaces 0 Parking Spaces Total 0 Pool Below GroundCommunity/CommonAssociationHeated Residential Styles All Other Attached Residential Unit Location No Unit AbovePenthouse Roof Other/Remarks Spa Community/CommonYes Topography Level View BayCityEvening LightsPanoramicCity Lights

    Interior Features

    Bath Totals 1 Bedrooms Total 1 Cooling Central Forced Air Dining Room Dimensions 0X0 Elevator Yes Equipment Available N/K Family Room Dimensions 0X0 Fireplace Bath Fireplaces 0 Heat Equipment Forced Air Unit Heat Source Other/Remarks Interior Features BathtubFurnished Kitchen Dimensions 0X0 Laundry Location Other/Remarks Laundry Utilities Other/Remarks Living Room Dimensions 12X10 Master Bedroom Dimensions 12X10 Optional Bedrooms 0 Searchable Rooms Bedroom Entry Level Stories 1 Story

    Property Features

    Age Restrictions N/K Association Amenities Banquet FacilitiesPet RulesSpaFire PitSecurity Association ID San Diego Association Of Realtors (Sdar) Cfd Mello Roos Fee 0 Community Downtown Complex Features ConciergeExercise RoomOn-Site GuardPoolSpa/Hot TubOther/Remarks Complex Park Hard Rock Hotel Cross Streets 5th And L Street Est Percent Owner Occupancy 0 Home Owners Assoc Fee Includes Cable/Tv ServicesCommon Area MaintenanceElectricityExterior (Landscaping)Exterior Bldg MaintenanceGasGated CommunityHot WaterRoof MaintenanceSewerTrash PickupWater Home Owners Assoc Payment Freq Monthly Home Owners Fee Reflects Month Home Owners Fees 850.81 Home Owners Total Fees 10209.72 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 851 Other Fees 0 Ownership Fee Simple Property Condition Updated/Remodeled Property Restrictions Known Cc&R's Sales Restrictions Call AgentOther/Remarks Security On Site Guard24 Hour SecurityResident Manager Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Terms Cash Units In Building 420 Units In Complex 420 Utilities Cable ConnectedElectricity Connected Water Available Zoning Commercial

    Listing provided courtesy of Baybrook Realty. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101