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Alexander Pfleger
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P: 858.483.4687
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207 5Th Ave 1209
San Diego, California CA 92101
Price: $275,000
Price/SqFt $843.56
ACTIVE Status, 0 Bedrooms, 1 Full Baths
326 SqFt , 1.210 Acres
Listing ID # 190000980

Property Description:

Hard Rock Penthouse King Studio at an extremely aggressive price. Own this Penthouse unit on the 12th floor of the Hard Rock Hotel, overlooking the Hard Rock pool, concert area and Downtown San Diego. This rare penthouse is ADA compliant and attached to one of the best units in the HR next door (also for sale). Together they sold for $1,590,000 in 2008 and are being offered apart for the first time ever at a much less price almost 11 years later. (please read supplement & associated docs)If you aren't familiar with the HR, these units are 100% Fee Simple Ownership, with occupancy restrictions for 28 days a year. The hotel manages everything for you & you sit back and collect the checks. Owners are considered VIP's & have special check-in privileges when visiting, valet parking etc. This is a great asset to park 1031 money into and receive instant cashflow. December 2018 numbers are in and 2018 as a whole was the best 12 months this unit has had. Current cap rate at a $275K value is 4.51%. This unit is attached to 1201 (one of the best units at the HR) and the Hard Rock regularly rents these together and a part. Priced at $275,000 this is an extremely aggressive price compared to the rest of the King Suite units active. 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 periodic San Diego travel stays accounted for.

Primary Features

Community: DOWNTOWN
Neighborhood: Gaslamp
Short Sale: no
Exterior: Other/Remarks
Roof: Other/Remarks
Interior Features: Bathtub, Furnished
Cooling: Central Forced Air
Heat Equipment: Forced Air Unit
Pool: Below Ground, Community/Common, Association, Heated
Security: On Site Guard, 24 Hour Security, Resident Manager
Water: Available
Utilities: Cable Connected, Electricity Connected
Sewer/Septic: Sewer Connected

Interior Features

Dining Room Dimensions: 0x0
Elevator: yes
Family Room Dimensions: 0x0
Fireplace: Bath
Kitchen Dimensions: 0x0
Levels: 1 Story
Living Room Dimensions: 0x0
Master Bedroom Dimensions: 10x10
Stories in Building: 12
Total Stories: 1

External Features

Association Amenities: Banquet Facilities, Pet Rules, Spa, Fire Pit, Security
Complex Features: Concierge, Exercise Room, On-Site Guard, Pool, Spa/Hot Tub, Other/Remarks
Entry Level Building: 1
Entry Level Unit: 12
Fencing: Other/Remarks
Lot Size: 0 (Common Interest)
Lot SqFt Approx: 52618
Parking for RV: None Known
Parking Garage: None Known
Spa: Community/Common, Yes
Topography: Level
View: Bay, City, Evening Lights, Panoramic, City Lights

Location Information

Address Search Number: 207
Complex/Park: Hard Rock Hotel
Cross Street(s): 5th and L street
Market Area: Metro Central
Zip/Area: SAN DIEGO DOWNTOWN (92101)
Zoning: COMMERCIAL

Financial Details

Assessors Parcel Number: 535-344-18-24
Home Owner Fee Reflects: Month
Home Owner Fees: 715.69
Home Owner Total Fees: 8588.28
Home Owners Fee Includes: Cable/TV Services, Common Area Maintenance, Electricity, Exterior (Landscaping), Exterior Bldg Maintenance, Gas, Gated Community, Hot Water, Roof Maintenance, Sewer, Trash Pickup, Water
Home Owners Payment Frequency: Monthly
Monthly Total Fees: 716
Sale/Rent: For Sale
Terms: Cash

Additional

Age Restrictions: Other/Remarks
Association ID: San Diego Association of REALTORS (SDAR)
Configuration: Deck
Disclosures: CC And R's
Equipment: N/K
Heat Source: Other/Remarks
Laundry Location: Other/Remarks
Laundry Utilities: Other/Remarks
Ownership: Fee Simple
Property Condition: Updated/Remodeled
Property Restrictions Known: CC&R's
Residential Unit Location: No Unit Above, Penthouse
Sales Restrictions: Call Agent, Other/Remarks
Telecommunications: Cable (coaxial)
Units in Building: 420
Units in Complex: 420

Zoning Info


Listing courtesy of BayBrook Realty
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) services provided by SDMLS and CRMLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. © 2019 San Diego Multiple Listing Service, Inc. © 2019 California Regional Multiple Listing Service. Data updated on Tuesday, July 16th, 2019 03:11:51 AM.

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Office: 858-483-4687 | Cell: 619-339-7334 | Email: [email protected] | CA BRE #01043581 | NMLS# 373603

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The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited.

Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2019-05-20

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