207 5th Avenue 654, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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San Diego, California 92101
This Prime Investment Opportunity is a professionally managed hotel suite listed at $240,000, positioned well below the $243,420 Fair Market Value by 1%. Featuring a Good Condition Rating, this turnkey asset offers $3,420 in Instant Equity. With City Lights views and a private balcony, the unit provides a hands-off, income-generating model in the heart of the Gaslamp Quarter. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a high-demand, managed downtown destination.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 207 5th Avenue 654 Subject | $240,000* List Price | 1 | 1 | 431 | $577 | - |
A 207 5th Ave 943 Sold | $230,000 | 1 | 1 | 431 | $534 | 0.0 mi |
B 207 5th Ave 940 Sold | $260,000 | 1 | 1 | 431 | $603 | 0.0 mi |
C 207 5th Ave 1250 Sold | $260,000 | 0 | 1 | 431 | $603 | 0.0 mi |
D 207 5th Ave 803 Sold | $234,000 | 0 | 1 | 350 | $669 | 0.0 mi |
E 207 5th Avenue 1244 Active | $270,000 List Price | 1 | 1 | 401 | $673 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008 (16 years old), the property falls within the 10-20 year age bracket for 'Good' condition. As a professionally managed hotel suite in the Hard Rock Hotel, the unit is well-maintained, fully furnished, and functional for immediate use within the hotel program.
Situated in the heart of the Gaslamp Quarter with views of Petco Park, this property offers unparalleled access to San Diego's premier dining, nightlife, and entertainment hubs.
The unit is fully furnished and part of a professionally managed hotel program, providing a completely hands-off ownership experience with all guest services and maintenance handled on-site.
Ownership includes high-end lifestyle benefits such as access to the private Green Room Hospitality Lounge, complimentary valet parking during stays, and concierge services.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52707, other record lot size in square feet = 52618.
Strict usage rules prohibit full-time residency and limit owner occupancy to only 28 days per year, which may not suit those seeking a traditional second home.
The requirement for an all-cash purchase significantly narrows the pool of potential buyers and excludes those relying on traditional mortgage financing.
Here is a revised MLS and internet-friendly description that reflects Unit 654 while remaining compliant with MLS guidelines and avoiding overly promotional language: Experience ownership at the iconic Hard Rock Hotel San Diego with this beautifully appointed one bedroom condo hotel suite, ideally located on the 6th floor just steps from the elevator. Residence 654 offers a spacious and inviting layout featuring a private king bedroom, a separate living room, and a desirable Jack and Jill balcony that captures city views with peek vistas into Petco Park and the vibrant energy of the Gaslamp Quarter. Designed for comfort and convenience, this fully furnished suite provides an ideal retreat for owners and guests alike. Enjoy front row access to the excitement of downtown San Diego with world class dining, nightlife, shopping, Petco Park, the San Diego Convention Center, and the San Diego Bay waterfront all just moments away. Part of the Hard Rock Hotel condo hotel program, owners may enjoy personal use for up to 28 days annually while the professionally managed hotel program handles reservations, guest services, and day to day operations for the remainder of the year. This offers a truly hands off ownership experience with potential rental income and none of the responsibilities associated with traditional property management. Ownership includes access to exclusive owner amenities, including the Green Room Hospitality Lounge, complimentary valet parking during owner stays, concierge services, and invitations to private owner events. Whether you are seeking a downtown getaway, a 1031 exchange opportunity, or a unique investment in one of San Diego's most recognized destinations, Residence 654 delivers the perfect blend of lifestyle and convenience. Cash purchase required. Full time occupancy is not permitted. Unit is offered fully furnished.
No exterior & parking available.
Grades K-8 • 0.8 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 431 | 999 |
| Lot Size | 52,707.602 | 84,697.5 |
| Price | $240.0K | $604.2K |
| Price per sq ft | $557 | $618 |
| Built year | 2008 | 1985 |
| HOA | $896.0 | $500 |
| Days on market | 37 | 53 |
Jun 15, 2026
$240,000
Initial Listing
Oct 31, 2007
$473,000
Public Record