207 5th Ave 737, San Diego, California 92101, San Diego, - bed, bath

home-pic
ACTIVE$400,000
207 5th Ave 737, San Diego, California 92101
0Bed
1Bath
401Sqft
52,618Lot
Year Built
2008
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
-
HOA
$837.76
Days on market
-
Sold On
-
MLS number
250018806SD
Home ConditionGood
Features
Good View:
Deck
Pool
Spa
View-

About this home

Here's your chance to grab a rarely available Hard Rock King Suite Woodstock unit directly above the famous Black Eye Peas suite. Woodstock units are unique as their balconies face the Woodstock entertainment area, an expansive 8,700-square-foot outdoor terrace adjacent to the rooftop pool and bar. This is one of only seven units having balconies facing this outdoor entertainment venue. In layman's terms, it's where a lot of the fun happens, and you or your guests get to see it from the comfort of your room. If you aren't familiar with the Hard Rock, these are 100% fee simple ownership units where owners are considered "Rock Royalty" and treated as such with a special check-in area, VIP events, complimentary valet parking, and 28 days of usage per year. The HR manages the bookings, maintenance, and marketing, while you collect a portion of the rents without any management burdens.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (269 Listings)
Beds02
Baths12
40%
Square foot4011,046
0%
Lot Size52,6180
24%
Price$400K$675K
6%
Price per square foot$998$698
90%
Built year200810026003
91%
HOA$837.76$848.145
49%
Days on market266173
87%
Condition Rating
Good

The property was built in 2008, which is within the 10-20 year range for a 'good' rating. The images show a well-maintained unit with modern fixtures and finishes in the bathroom and kitchen areas. While not brand new, the condition appears to be move-in ready with no immediate renovations required.
Pros & Cons

Pros

Unique Entertainment Access: The unit's balcony overlooks the Woodstock entertainment area, providing exclusive access to the Hard Rock's vibrant outdoor events.
Rental Income Potential: The Hard Rock manages bookings, maintenance, and marketing, offering a hassle-free rental income stream for the owner.
Rock Royalty Status: Ownership grants 'Rock Royalty' status, including VIP events, complimentary valet parking, and a special check-in area.
Prime Location: Located in downtown San Diego, offering convenient access to city amenities and attractions.
Fee Simple Ownership: 100% fee simple ownership provides full control and flexibility.

Cons

Limited Personal Usage: Owner usage is restricted to 28 days per year.
Association Fees: High association fees of $837.76 per month may impact profitability.
Small Square Footage: The unit is relatively small at 401 sqft, which may not appeal to all buyers.

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