207 5Th Ave Unit 1201

  • San Diego

  • $750,000
  • 1
  • 1F
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ResidentialDetails

Description
Here's one of the BEST OF THE BEST! Penthouse Rockstar Gold Suite. Own the Penthouse on the 12th floor of the Hard Rock Hotel, overlooking the city, convention center, Hard Rock pool, concert area and even enjoy partial views of Coronado Island and San Diego Bay as well. Historic rents indicate a cap rate of 4.4% for the past 6 years. This unit can be combined with unit 1209 (for sale as well) to create an ultimate 2 bed, 2 bath penthouse. Both 1201 & 1209 units are for sale. They are rented separately or together by the Hard Rock. Verbal historical average for last 5 years for unit 1201 is $52,000 gross profit. Based on estimated value of $750K for just unit 1201 you are looking at roughly 4.25-4.5 cap rate. These just don't go on the market often if ever at all. Considered one of the top units in the Hard Rock these units average higher rents than most all the other units in the building. Excellent corporate opportunity looking to park money, acquire a cap rate and utilize the unit for business, conferences or employee travels. Individual owners can benefit from the same and reap the rewards of always having Comicon accommodations or having the knowledge that you have one of the best units in the entire building. Heating: Forced Air Unit. Association Fee Includes: Common Area Maintenance,Exterior (Landscaping),Exterior Bldg Maintenance,Gated Community,Hot Water,Roof Maintenance. Interior Features: Bathtub. Market Area: Metro Central. Unit Location: Penthouse. Sewer: Sewer Connected. Spa: Community/Common. Telecommunications: Cable (coaxial). Utilities: Cable Connected,Electricity Connected. View: City,Evening Lights. Water: Available.
Essential
MLS #180043502
Price$750,000
Beds1
Full Baths1
Square Feet≈ 659
Sub-TypeCondominium
Unit Number1201
StatusActive
Listing BrokerageBay Brook Realty
Listing AgentBrandon Brown
Listing Agent BRE #01394509
Interior
FeaturesFurnished
AppliancesNone
CoolingCentral
FireplaceBath
Exterior
Garage Spaces0
ViewBay,Panoramic,City Lights
PoolIn Ground,Community Pool,Association,Heated
RoofingSee Remarks
Community
Area699 - Not Defined
TractGaslamp
Address207 5Th Ave Unit 1201
CitySan Diego
CountySan Diego
StateCA
ZipCode92101
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, August 6, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.