207 5th Ave Unit #1201, Downtown, CA 92101

$750,000
1
BD
1
BA
659
SqFt
List Price
$750,000
Days on Market
100
Status
ACTIVE
MLS#
180043502
Bedrooms
1
Bathrooms
1
Living Sq. Ft
659
Lot Size(Range)
0 (Common Interest)
Lot Size(apprx.)
52,618
Complex/Building Name
Hard Rock Hotel
Ownership
Fee Simple
Property Type
Condo
Year Built
2008

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. Historic rents indicate a cap rate of 4.4% for the past 6 years. This unit can be combined with unit 1209 (for sale as well) to create an ultimate 2 bed, 2 bath penthouse...

Additional Information

Home Owner Fees
$850
Total Monthly Fee
$851
Pool
Yes
View
Bay, City, Evening Lights, Panoramic, City Lights
Stories
1 Story
Roof
Other/Remarks
Equipment Available
N/K
Additional Rooms
Bedroom Entry Level
Cooling
Central Forced Air
Heat Equipment
Forced Air Unit
Heat Source
Other/Remarks
Age Restriction
N/K

Room Dimensions

Supplement
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.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of BayBrook Realty

board logo

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 Sandicor®. 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 Sandicor®, Inc.