207 5th Avenue #654
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207 5th Avenue #654

Atop 10%

San Diego, CA 92101

$240,000
STR: check · HOA rules unknown · TOT 13.75%

146 licensed short-term rentals within ½ mile (91 whole home), from the cities' license and permit lists of Nov 11, 2026.

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$1,119/mo full cashflow at 20% down, 7.43% rate.

Works at $94,286 (61% under asking), or at 88% down.

Rent $2,104/mo from 52 leases of 1-bed condos & townhomes within 0.5 mi ($1,927–$2,444).

Beds

1

Baths

1

Sqft

431

Year Built

2008

Days on Market

148

Property Type

Condo

HOA/mo

$896

MLS ID

PTP2604577

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

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About This Property

Here is a revised MLS and internet-friendly description that reflects Unit 654 while remaining compliant with MLS guidelines and avoiding overly promotional language: Experience ownership at the iconic Hard Rock Hotel San Diego with this beautifully appointed one bedroom condo hotel suite, ideally located on the 6th floor just steps from the elevator. Residence 654 offers a spacious and inviting layout featuring a private king bedroom, a separate living room, and a desirable Jack and Jill balcony that captures city views with peek vistas into Petco Park and the vibrant energy of the Gaslamp Quarter. Designed for comfort and convenience, this fully furnished suite provides an ideal retreat for owners and guests alike. Enjoy front row access to the excitement of downtown San Diego with world class dining, nightlife, shopping, Petco Park, the San Diego Convention Center, and the San Diego Bay waterfront all just moments away. Part of the Hard Rock Hotel condo hotel program, owners may enjoy personal use for up to 28 days annually while the professionally managed hotel program handles reservations, guest services, and day to day operations for the remainder of the year. This offers a truly hands off ownership experience with potential rental income and none of the responsibilities associated with traditional property management. Ownership includes access to exclusive owner amenities, including the Green Room Hospitality Lounge, complimentary valet parking during owner stays, concierge services, and invitations to private owner events. Whether you are seeking a downtown getaway, a 1031 exchange opportunity, or a unique investment in one of San Diego's most recognized destinations, Residence 654 delivers the perfect blend of lifestyle and convenience. Cash purchase required. Full time occupancy is not permitted. Unit is offered fully furnished.

Mortgage Calculator

Est. Monthly Payment

$2,539

Principal & Interest$1,333
Property Tax$240
Insurance$70
HOA$896
%($48,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Perkins K-8 · grades PK-8 · San Diego Unified

  • Middle

    Logan Memorial Educational Campus · grades PK-12 · San Diego Unified

  • High

    Logan Memorial Educational Campus · grades PK-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

55A
Est. Monthly Rent
$2,104

52 leases of 1-bed condos & townhomes within 0.5 mi · $1,927–$2,444

Monthly Cashflow

Rent − PITIA

-$435
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,119

What would make this work?

$1,119/mo short at 20% down; 88% down or +$1,454/mo rent closes it.

Break-even price

61% under asking

$94,286
Break-even rent

$1,454/mo above the estimate

$3,558/mo
Cashflow at 35% down
−$869/mo
Down payment to break even

$211,200 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$1,333
Cap Rate
1.60%
Cash-on-Cash
-27.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.83

NOI (Annual)
$3,831
Price-to-Rent

Lower = better for investors

9.5

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

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ACashflow−$1,119/mo