207 5th Ave 446, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
ACTIVE$299,000
207 5th Ave 446, San Diego, California 92101
1Bed
1Bath
390Sqft
52,618Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Situated in the heart of the Gaslamp District and directly across from the Convention Center, offering unparalleled access to entertainment, dining, and major events.
Top Cons:
Cash Only Transaction: The property requires a cash-only purchase, significantly limiting the potential buyer pool and excluding those reliant on traditional financing.
Compared to the nearby listings
Price:$299.0K vs avg $692.5K ($-393,500)2%
Size:390 sqft vs avg 1,046 sqft1%
Price/sqft:$767 vs avg $69467%
More Insights
Built in 2008 (17 years old).
Condition: Built in 2008, this hotel-condo unit is 16 years old, placing it within the 'Good' category's age range. The images reveal a well-maintained property with contemporary styling throughout. The bathroom is modern with a vessel sink, large mirror, and a tiled shower featuring updated fixtures. While a full kitchen is not present (as expected for a hotel unit), the overall condition of the living spaces, flooring, and fixtures shows minimal wear and tear, indicating consistent upkeep and a move-in ready state.
Year Built
2008
Close
-
List price
$299K
Original List price
$299K
Price/Sqft
$767
HOA
$896.6
Days on market
-
Sold On
-
MLS number
240009380SD
Home ConditionGood
Features
Good View:
View-
About this home
CASH ONLY - The Hard Rock Hotel is located in the heart of the Gaslamp District and across the street from the Convention Center. Residence 456 is a one bedroom with one king bed and faces north. This property has a separate living room and semi-private bedroom area (with a privacy curtain) and faces north towards downtown. This unique property offers world class service, location and amenities with a great view. Owners may enter these rooms into a rental management program and share the revenue and/or use it for personal use. Unlike traditional rental properties, owners have have more flexibility at the Hard Rock and even have a private owner lounge. You cannot live in these properties.
Condition Rating
Good
Built in 2008, this hotel-condo unit is 16 years old, placing it within the 'Good' category's age range. The images reveal a well-maintained property with contemporary styling throughout. The bathroom is modern with a vessel sink, large mirror, and a tiled shower featuring updated fixtures. While a full kitchen is not present (as expected for a hotel unit), the overall condition of the living spaces, flooring, and fixtures shows minimal wear and tear, indicating consistent upkeep and a move-in ready state.
Pros & Cons
Pros
Prime Location: Situated in the heart of the Gaslamp District and directly across from the Convention Center, offering unparalleled access to entertainment, dining, and major events.
World-Class Amenities & Services: As part of the Hard Rock Hotel, owners benefit from world-class hotel services and amenities, enhancing the luxury and convenience of ownership.
Income Generating Potential: Owners have the option to enter the unit into a rental management program, providing a potential revenue stream when not in personal use.
Owner-Exclusive Perks: Offers unique owner flexibility and access to a private owner lounge, distinguishing it from traditional rental properties.
Downtown Views: The unit faces north towards downtown, providing a great view of the city.
Cons
Cash Only Transaction: The property requires a cash-only purchase, significantly limiting the potential buyer pool and excluding those reliant on traditional financing.
No Full-Time Residency: This property cannot be used as a primary residence, restricting its utility to investment or occasional personal use.
High Association Fees: The monthly association fee of $896.6 is substantial for a 390 sqft unit, impacting the overall cost of ownership and potential net rental income.