207 5th Ave, Downtown, CA 92101

$215,000

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List Price
$215,000
Price Change
▼ $15,000 1777590790
Days on Market
118
Status
ACTIVE
MLS#
NDP2603155
Lot Size(apprx.)
52,707
City
Downtown
Neighborhood
Gaslamp
Complex/Building Name
Hard Rock Hotel
Property Type
Multifamily

Property Description

Rarely available 4th floor unit which gives you direct access to all the action at the pool, spa, cabanas, and San Diego's best rooftop bar. This is a true hands off investment opportunity with a great cap rate for Southern California. Plus you can get treated like Rock Royalty as an owner by staying yourself or let family and friends enjoy up to 28 days per year at the Hard Rock Hotel in the Gaslamp. Make some great income paid out each month without the hassle of being a landlord. Perfect for 1031 Exchange funds or 1st time real estate investors! Gaslamp, Petco Park, Comic-con, Seaport Village, world-famous Nobu Restaurant, Rady Shell, and more are all at your doorstep. Perks include 24 hour access to the business center, concierge, and gym(just 1 floor down), fast wi-fi, valet parking, EV charging stations, discounts around town, etc. Suite 444 features a separate living area with lounge seating, signature Hard Rock king bed, multi-media system, walk-in glass shower with rainfall showerhead, fully-stocked Minibar, and two 47" flat screen TVs. All furnishings included. Hotel operator takes care of everything for you to ensure consistent bookings and monthly payouts. Cash only purchase and cannot owner occupy more than 28 days per year. Rarely available 4th floor unit which gives you direct access to all the action at the pool, spa, cabanas, and San Diego's best rooftop bar. This is a true hands off investment opportunity with a great cap rate for Southern California. Plus you can get treated like Rock Royalty as an owner by staying yourself or let family and friends enjoy up to 28 days per year at the Hard Rock Hotel in the Gaslamp. Make some great income paid out each month without the hassle of being a landlord. Perfect for 1031 Exchange funds or 1st time real estate investors! Gaslamp, Petco Park, Comic-con, Seaport Village, world-famous Nobu Restaurant, Rady Shell, and more are all at your doorstep. Perks include 24 hour access to the business center, concierge, and gym(just 1 floor down), fast wi-fi, valet parking, EV charging stations, discounts around town, etc. Suite 444 features a separate living area with lounge seating, signature Hard Rock king bed, multi-media system, walk-in glass shower with rainfall showerhead, fully-stocked Minibar, and two 47" flat screen TVs. All furnishings included. Hotel operator takes care of everything for you to ensure consistent bookings and monthly payouts. Cash only purchase and cannot owner occupy more than 28 days per year.

Additional Information

Building Name
Hard Rock Hotel
Hoa Fee
$897
Lot Size
52,707
Neighborhood
Gaslamp

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Tony Cannon (760-470-2614) from Listing Office: Bressi Realty.

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