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$750,000
1
Beds
1
Full Baths
0
½ Baths
659
Sq Ft
2008
Built

Hard Rock Hotel #1201
207 5Th Ave 1201
San Diego, CA 92101

DOWNTOWN - San Diego County
Condo For Sale
Active - 2 weeks online

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. 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.

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Recent Activity
yesterdayListing updated with changes from the MLS
2 weeks agoStatus changed to ACTIVE
2 weeks agoPrice changed to $750,000
2 weeks agoListing first seen online
Listing Snapshot
Price
$750,000
Days Online
15 Days
Bedrooms
1
Bathrooms
1
Half Bathrooms
N/A
Inside Area (SqFt)
659 sqft
Lot Size
1.21 Acres
Year Built
2008
MLS Number
180043502
Property Tax
N/A
HOA Fees
$850
Sq Ft Source
N/A
General Features
Parking Garage Spaces
0
Parkng Non-Garaged Spaces
0
Configuration
Deck
Sewer
Sewer Connected
Terms
Cash
Interior Features
Additional Rooms
Bedroom Entry Level
Cooling
Central Forced Air
Heating
Other/Remarks
Equipment
N/K
Exterior Features
Water
Available
Pool
Below GroundCommunity/CommonAssociationHeated
Siding
Other/Remarks
View
BayCityEvening LightsPanoramicCity Lights
Roof
Other/Remarks
Community Features
Building Amenities
ConciergeExercise RoomOn-Site GuardPoolSpa/Hot TubOther/Remarks
Community Amenities
Banquet FacilitiesPet RulesSpaFire PitSecurity
Elevator
Yes
Sales Restrictions
Call AgentOther/Remarks
Home Owners Fee Includes
Cable/TV ServicesCommon Area MaintenanceElectricityExterior (Landscaping)Exterior Bldg MaintenanceGasGated CommunityHot WaterRoof MaintenanceSewerTrash PickupWater
Spa
Community/CommonYes
Age Restrictions
N/K
Laundry Location
Other/Remarks
Security Features
On Site Guard24 Hour SecurityResident Manager
Neighborhood
Gaslamp
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
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Listing Provided Courtesy Of: Bay Brook Realty
Data Last Updated on Wed Aug 22 2018 01:05:55
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