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207 5th Avenue
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207 5th Avenue #444

C

San Diego, CA 92101

$215,000

Beds

Baths

Sqft

431

Year Built

2008

Days on Market

46

Property Type

Multi-Family

HOA/mo

$897

MLS ID

NDP2603155

This property is in San Diego (92101). View neighborhood stats →

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About This Property

Rarely available 4th floor unit which gives you direct access to all the action at the pool, spa, cabanas, and San Diego's best rooftop bar. This is a true hands off investment opportunity with a great cap rate for Southern California. Plus you can get treated like Rock Royalty as an owner by staying yourself or let family and friends enjoy up to 28 days per year at the Hard Rock Hotel in the Gaslamp. Make some great income paid out each month without the hassle of being a landlord. Perfect for 1031 Exchange funds or 1st time real estate investors! Gaslamp, Petco Park, Comic-con, Seaport Village, world-famous Nobu Restaurant, Rady Shell, and more are all at your doorstep. Perks include 24 hour access to the business center, concierge, and gym(just 1 floor down), fast wi-fi, valet parking, EV charging stations, discounts around town, etc. Suite 444 features a separate living area with lounge seating, signature Hard Rock king bed, multi-media system, walk-in glass shower with rainfall showerhead, fully-stocked Minibar, and two 47" flat screen TVs. All furnishings included. Hotel operator takes care of everything for you to ensure consistent bookings and monthly payouts. Cash only purchase and cannot owner occupy more than 28 days per year.

Mortgage Calculator

Est. Monthly Payment

$2,262

Principal & Interest$1,087
Property Tax$215
Insurance$63
HOA$897
%($43,000)
%

Location

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Investment Score

36C
Est. Monthly Rent
$1,398
Monthly Cashflow

Rent − PITIA

$-864
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,365

Mortgage (P+I)
$1,087
Cap Rate
-1.55%
Cash-on-Cash
-38.09%
DSCR

Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$3,171

NOI (Annual)
$-3,332
Price-to-Rent

Lower = better for investors

12.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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