207 5th Ave Unit #1201, Downtown, CA 92101

$640,000
1
BD
1
BA
659
SqFt
List Price
$640,000
Days on Market
12
Status
ACTIVE
MLS#
190055483
Bedrooms
1
Bathrooms
1
Living Sq. Ft
659
Lot Size(Range)
0 (Common Interest)
Lot Size(apprx.)
52,618
City
Downtown
Neighborhood
Gaslamp
Complex/Building Name
Hard Rock Hotel
Ownership
Fee Simple
Property Type
Condo
Year Built
2008

Property Description

Very few of these exist and even fewer come to market. This Penthouse Rockstar Gold Suite is located on top of the Hard Rock Hotel. This unit sold together with unit 1209 (currently for sale as well) for $1,590,000 in 2008. Now offered apart if desired, or buy both to own an ultimate 2 bed, 2 bath penthouse. Great asset to park 1031 money and receive instant cashflow. Priced based on a 5 Cap for the last 12 months (July 2018 - Aug 2019)

Additional Information

Home Owner Fees
$850
Total Monthly Fee
$851
Pool
Yes
View
Bay, City, Evening Lights, Panoramic, City Lights
Stories
1 Story
Roof
Other/Remarks
Equipment Available
N/K
Additional Rooms
Bedroom Entry Level
Cooling
Central Forced Air
Heat Equipment
Forced Air Unit
Heat Source
Other/Remarks
Age Restriction
N/K

Room Dimensions

Supplement
Both 1201 & 1209 units are for sale. They are rented separately or together by the Hard Rock. I've sold two HR units recently each at a 5% cap rate. These are priced with that return in mind, even though they are more exclusive. Units like these just don't go on the market often if ever at all. Considered one of the top units in the Hard Rock this unit averages higher rents than most all the other units in the building.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of BayBrook Realty

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