207 5Th Ave , #1201

    San Diego, CA 92101
    • $640,000
    • STATUS: ACTIVE
    • ON SITE: 12 days
    • ID#: 190055483
    UPDATED: 33 min ago
    $640,000
    • 1
      BEDS
    • 1.21
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 659
      SQFT
    • $971
      $/SQFT
    Neighborhood:
    Type:
    Condo
    Built:
    2008
    County:

    School Ratings & Info

    Description

    Very few of these exist and even fewer come to market. This Penthouse Rockstar Gold Suite is located on top of the Hard Rock Hotel. This unit sold together with unit 1209 (currently for sale as well) for $1,590,000 in 2008. Now offered apart if desired, or buy both to own an ultimate 2 bed, 2 bath penthouse. Great asset to park 1031 money and receive instant cashflow. Priced based on a 5 Cap for the last 12 months (July 2018 - Aug 2019) Both 1201 & 1209 units are for sale. They are rented separately or together by the Hard Rock. I've sold two HR units recently each at a 5% cap rate. These are priced with that return in mind, even though they are more exclusive. Units like these just don't go on the market often if ever at all. Considered one of the top units in the Hard Rock this unit averages higher rents than most all the other units in the building.

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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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/99745073

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

    • Price: $640,000
    • Status: ACTIVE
    • Updated: 33 min ago
    • ID#: 190055483
    1
    Beds
    1
    Baths
    0
    ½ Baths
    1.21
    Acres
    659
    SQFT
    $971
    $/SQFT
    2008
    Built
    Neighborhood:
    Gaslamp
    County:
    San Diego
    Area:
    San Diego Downtown (92101)
    Property Description
    Very few of these exist and even fewer come to market. This Penthouse Rockstar Gold Suite is located on top of the Hard Rock Hotel. This unit sold together with unit 1209 (currently for sale as well) for $1,590,000 in 2008. Now offered apart if desired, or buy both to own an ultimate 2 bed, 2 bath penthouse. Great asset to park 1031 money and receive instant cashflow. Priced based on a 5 Cap for the last 12 months (July 2018 - Aug 2019) Both 1201 & 1209 units are for sale. They are rented separately or together by the Hard Rock. I've sold two HR units recently each at a 5% cap rate. These are priced with that return in mind, even though they are more exclusive. Units like these just don't go on the market often if ever at all. Considered one of the top units in the Hard Rock this unit averages higher rents than most all the other units in the building.
    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 © 2019 San Diego MLS Inc. Source: SDMLS
    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101