207 5th Ave 656, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
ACTIVE$299,000
207 5th Ave 656, San Diego, California 92101
1Bed
1Bath
431Sqft
52,618Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown 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 is explicitly listed as 'CASH ONLY,' which severely restricts the pool of potential buyers and may complicate financing options.
Compared to the nearby listings
Price:$299.0K vs avg $692.5K ($-393,500)2%
Size:431 sqft vs avg 1,046 sqft2%
Price/sqft:$694 vs avg $69450%
More Insights
Built in 2008 (17 years old).
Condition: Built in 2008, this hotel residence is 16 years old but presents in excellent, move-in ready condition, consistent with a high-end property. The bathroom features modern large-format tiling and contemporary fixtures, appearing pristine. The unit includes a functional and stylish wet bar with modern cabinetry, suitable for its purpose. Flooring (carpet and tile) and light fixtures are clean and contemporary. The overall aesthetic is fresh and well-maintained, requiring no immediate renovations.
Year Built
2008
Close
-
List price
$299K
Original List price
$299K
Price/Sqft
$694
HOA
$896.6
Days on market
-
Sold On
-
MLS number
240009384SD
Home ConditionGood
Features
Good View:
Deck
Pool
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 656 is a one bedroom with one king bed. 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 residence is 16 years old but presents in excellent, move-in ready condition, consistent with a high-end property. The bathroom features modern large-format tiling and contemporary fixtures, appearing pristine. The unit includes a functional and stylish wet bar with modern cabinetry, suitable for its purpose. Flooring (carpet and tile) and light fixtures are clean and contemporary. The overall aesthetic is fresh and well-maintained, requiring no immediate renovations.
Pros & Cons
Pros
Prime Downtown 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.
Flexible Usage & Income Potential: Owners have the unique flexibility to use the unit personally and/or enroll it in a hotel rental management program to generate revenue, with more owner flexibility than traditional rental properties.
World-Class Hotel Amenities & Services: Ownership includes access to the Hard Rock Hotel's world-class services and amenities, enhancing the guest experience and potential rental appeal.
Downtown Views: The unit faces north, providing a great view of downtown San Diego, which is a desirable feature for guests and owners.
Exclusive Owner Perks: Owners benefit from exclusive access to a private owner lounge, adding a layer of luxury and convenience.
Cons
Cash Only Transaction: The property is explicitly listed as 'CASH ONLY,' which severely restricts the pool of potential buyers and may complicate financing options.
No Permanent Residency Allowed: The property cannot be used as a primary residence, limiting its utility to investment or occasional personal use rather than full-time living.
High Monthly Association Fees: A monthly association fee of $896.60 is substantial for a 431 sqft unit, significantly impacting the overall cost of ownership and potential investment returns.