207 5th Ave 552, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
ACTIVE$250,000
207 5th Ave 552, San Diego, California 92101
1Bed
1Bath
431Sqft
52,618Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown Location: Situated in the heart of the vibrant Gaslamp District and directly across from the Convention Center, offering unparalleled access to entertainment, dining, and events.
Top Cons:
Cash Only Requirement: The property is explicitly listed as 'CASH ONLY,' significantly limiting the pool of potential buyers and excluding those who require financing.
Compared to the nearby listings
Price:$250.0K vs avg $692.5K ($-442,500)1%
Size:431 sqft vs avg 1,046 sqft2%
Price/sqft:$580 vs avg $69414%
More Insights
Built in 2008 (17 years old).
Condition: Built in 2008, this property is 16 years old, fitting within the 'Good' category's age range. The unit, part of the Hard Rock Hotel, exhibits a high level of maintenance and a contemporary style throughout. The bathroom is modern with a vessel sink and clean finishes, appearing in excellent condition. While there is no full kitchen, the integrated kitchenette/mini-bar area is sleek and functional for a hotel condo. All visible elements, including flooring, light fixtures, and built-in furniture, show minimal wear and tear, indicating a move-in ready property that has been consistently well-maintained.
Year Built
2008
Close
-
List price
$250K
Original List price
$250K
Price/Sqft
$580
HOA
$896.6
Days on market
-
Sold On
-
MLS number
250023196SD
Home ConditionGood
Features
Good View:
Deck
Pool
Spa
Patio
View-
About this home
CASH ONLY - The Hard Rock Hotel is located in the heart of the Gaslamp District and across the street from the Convention Center. Residence 552 is a north facing One Bedroom with one king bed. This property has a separate living room and semi-private bedroom area (with a privacy curtain) and faces north towards downtown. This unique property offers world class service, location and amenities with a great view. Owners may enter these rooms into a rental management program and share the revenue and/or use it for personal use. Unlike traditional rental properties, owners have have more flexibility at the Hard Rock and even have a private owner lounge. You cannot live in these properties.
Condition Rating
Good
Built in 2008, this property is 16 years old, fitting within the 'Good' category's age range. The unit, part of the Hard Rock Hotel, exhibits a high level of maintenance and a contemporary style throughout. The bathroom is modern with a vessel sink and clean finishes, appearing in excellent condition. While there is no full kitchen, the integrated kitchenette/mini-bar area is sleek and functional for a hotel condo. All visible elements, including flooring, light fixtures, and built-in furniture, show minimal wear and tear, indicating a move-in ready property that has been consistently well-maintained.
Pros & Cons
Pros
Prime Downtown Location: Situated in the heart of the vibrant Gaslamp District and directly across from the Convention Center, offering unparalleled access to entertainment, dining, and events.
World-Class Hotel Amenities & Services: Owners benefit from access to the Hard Rock Hotel's extensive amenities and world-class services, enhancing the luxury and convenience of ownership.
Flexible Rental Program: The property offers a unique rental management program, allowing owners to generate revenue while retaining flexibility for personal use, distinct from traditional rental properties.
Modern Construction: Built in 2008, the property is relatively new, suggesting modern building standards and potentially fewer immediate maintenance concerns.
Downtown Views: The unit is north-facing, providing desirable views of the downtown San Diego skyline.
Cons
Cash Only Requirement: The property is explicitly listed as 'CASH ONLY,' significantly limiting the pool of potential buyers and excluding those who require financing.
No Full-Time Residency: Owners are prohibited from living in these properties full-time, restricting its use to investment or occasional personal stays rather than a primary residence.
High Monthly Association Fees: A substantial monthly association fee of $896.6 for a 431 sqft unit represents a significant ongoing cost, impacting the overall profitability for investors or the expense for personal users.