207 5th 739, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
ACTIVE$258,000
207 5th 739, San Diego, California 92101
1Bed
1Bath
431Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Nestled in the vibrant heart of the Gaslamp Quarter, steps from the Convention Center and adjacent to Petco Park, ensuring high demand for short-term rentals and a dynamic urban experience.
Top Cons:
High Association Fees: The monthly association fee of $838 is substantial for a 431 sqft unit, significantly impacting the net income for investors and overall carrying costs.
Compared to the nearby listings
Price:$258.0K vs avg $692.5K ($-434,500)1%
Size:431 sqft vs avg 1,046 sqft2%
Price/sqft:$599 vs avg $69419%
More Insights
Built in 2008 (17 years old).
Condition: Built in 2008, this hotel-condo unit is 16 years old and appears to be exceptionally well-maintained, consistent with its affiliation with the Hard Rock Hotel. The images showcase a modern, clean aesthetic throughout, with contemporary finishes in the kitchenette (dark cabinetry, sink, coffee station) and bathroom vanity area. The flooring (striped carpet) and light fixtures are stylish and in good condition. There are no visible signs of wear and tear or outdated components, making it move-in ready with no immediate renovations required. While not newly built or extensively renovated within the last 5 years to qualify as 'Excellent,' its condition aligns perfectly with the 'Good' criteria for a property built within 10-20 years that is well-maintained and functional.
Year Built
2008
Close
-
List price
$258K
Original List price
$277K
Price/Sqft
$599
HOA
$838
Days on market
-
Sold On
-
MLS number
250037049SD
Home ConditionGood
Features
Good View:
Deck
Pool
View
About this home
Here is your chance to become an owner of a slice of the iconic Hard Rock Hotel. Nestled just steps away from the Convention center, adjacent to Petco Park and immersed in the vibrant heart of the Gaslamp Quarter, this property offers a truly enviable location. Revel in luxury up to 4 weeks of personal usage, while also benefitting from a stream of passive income throughout the year. Embrace the allure of both ownership and investment with this unique opportunity.
Nearby schools
3/10
Perkins Elementary School
Public,•K-8•0.8mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.7mi
Condition Rating
Good
Built in 2008, this hotel-condo unit is 16 years old and appears to be exceptionally well-maintained, consistent with its affiliation with the Hard Rock Hotel. The images showcase a modern, clean aesthetic throughout, with contemporary finishes in the kitchenette (dark cabinetry, sink, coffee station) and bathroom vanity area. The flooring (striped carpet) and light fixtures are stylish and in good condition. There are no visible signs of wear and tear or outdated components, making it move-in ready with no immediate renovations required. While not newly built or extensively renovated within the last 5 years to qualify as 'Excellent,' its condition aligns perfectly with the 'Good' criteria for a property built within 10-20 years that is well-maintained and functional.
Pros & Cons
Pros
Prime Location: Nestled in the vibrant heart of the Gaslamp Quarter, steps from the Convention Center and adjacent to Petco Park, ensuring high demand for short-term rentals and a dynamic urban experience.
Investment Opportunity: Marketed as a source of passive income throughout the year, making it an attractive option for investors seeking revenue-generating properties.
Iconic Brand Affiliation: Ownership within the iconic Hard Rock Hotel provides significant brand recognition, luxury appeal, and potential for higher occupancy rates.
Flexible Personal Usage: Offers the unique benefit of up to 4 weeks of personal usage annually, allowing owners to enjoy the property while still generating income.
Modern Construction: Built in 2008, the property is relatively new, suggesting modern amenities and potentially lower immediate maintenance concerns compared to older buildings.
Cons
High Association Fees: The monthly association fee of $838 is substantial for a 431 sqft unit, significantly impacting the net income for investors and overall carrying costs.
Limited Personal Use: Personal usage is restricted to a maximum of 4 weeks per year, making it unsuitable for buyers seeking a full-time residence or extended stays.
Compact Living Space: With only 431 sqft, the unit offers very limited living space, which may deter potential buyers looking for more spacious accommodations.