207 5th Ave 737, San Diego, California 92101, San Diego, 92101 - bed, 1 bath

207 5th Ave 737, San Diego, California 92101 home-pic-0
ACTIVE$400,000
207 5th Ave 737, San Diego, California 92101
0Bed
1Bath
401Sqft
52,618Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exclusive Entertainment View: The unit's balcony directly faces the Woodstock entertainment area, rooftop pool, and bar, a unique feature shared by only seven units, offering a vibrant and sought-after vantage point.
Top Cons:
Restricted Owner Usage: Owners are limited to only 28 days of personal usage per year, significantly restricting personal enjoyment and flexibility.

Compared to the nearby listings

Price:$400.0K vs avg $692.5K ($-292,500)9%
Size:401 sqft vs avg 1,046 sqft1%
Price/sqft:$998 vs avg $69489%

More Insights

Built in 2008 (17 years old).
Condition: The property was built in 2008, making it 16 years old, which aligns with the 'Good' condition criteria. As a Hard Rock Hotel suite, it is professionally managed, implying regular maintenance and updates to ensure it remains move-in ready and appealing to guests. While interior photos of the unit's kitchen and bathroom are not provided, the nature of a hotel suite suggests that all systems are functional and well-maintained, with minimal wear and tear, meeting current guest expectations. The exterior and common areas shown in the images appear modern and well-kept.
Year Built
2008
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$998
HOA
$837.76
Days on market
-
Sold On
-
MLS number
250018806SD
Home ConditionGood
Features
Good View:
Deck
Pool
Spa
View-

About this home

Here's your chance to grab a rarely available Hard Rock King Suite Woodstock unit directly above the famous Black Eye Peas suite. Woodstock units are unique as their balconies face the Woodstock entertainment area, an expansive 8,700-square-foot outdoor terrace adjacent to the rooftop pool and bar. This is one of only seven units having balconies facing this outdoor entertainment venue. In layman's terms, it's where a lot of the fun happens, and you or your guests get to see it from the comfort of your room. If you aren't familiar with the Hard Rock, these are 100% fee simple ownership units where owners are considered "Rock Royalty" and treated as such with a special check-in area, VIP events, complimentary valet parking, and 28 days of usage per year. The HR manages the bookings, maintenance, and marketing, while you collect a portion of the rents without any management burdens.

Condition Rating
Good

The property was built in 2008, making it 16 years old, which aligns with the 'Good' condition criteria. As a Hard Rock Hotel suite, it is professionally managed, implying regular maintenance and updates to ensure it remains move-in ready and appealing to guests. While interior photos of the unit's kitchen and bathroom are not provided, the nature of a hotel suite suggests that all systems are functional and well-maintained, with minimal wear and tear, meeting current guest expectations. The exterior and common areas shown in the images appear modern and well-kept.
Pros & Cons

Pros

Exclusive Entertainment View: The unit's balcony directly faces the Woodstock entertainment area, rooftop pool, and bar, a unique feature shared by only seven units, offering a vibrant and sought-after vantage point.
Turnkey Investment Opportunity: The Hard Rock Hotel manages all bookings, maintenance, and marketing, providing a hassle-free income stream for owners without management burdens.
Premium Owner Privileges: Owners are treated as 'Rock Royalty' with VIP perks including a special check-in area, exclusive events, and complimentary valet parking.
Prime Downtown San Diego Location: Situated on 5th Ave in the heart of downtown San Diego, offering excellent access to the city's vibrant attractions, dining, and entertainment.
Fee Simple Ownership: The property offers 100% fee simple ownership, providing full property rights unlike typical fractional or timeshare arrangements.

Cons

Restricted Owner Usage: Owners are limited to only 28 days of personal usage per year, significantly restricting personal enjoyment and flexibility.
High Monthly Association Fee: A substantial association fee of $837.76 per month for a 401 sqft unit, which can significantly impact profitability and overall cost of ownership.
Potential Noise Disturbance: Direct balcony exposure to an active entertainment area, rooftop pool, and bar could result in significant noise levels, especially during peak times.

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