207 5Th Ave , #1101

Description

Here's your chance to own a one of a kind unit in the Hard Rock Hotel. This is not just an ordinary Hard Rock Unit. This is one of the best units possible, a status symbol, a 994-square-foot suite that has never been listed since it was sold by the developers back in 2008. It's unlikely that anything superior will ever come up for sale again. You are looking at a 994-square-foot Multi-Platinum Rock Star Suite which leads to a massive 835-square-foot 11th-floor terrace out front, looking over all the beauty the Gaslamp City lights deliver. This unit has a living room and dining area for six, two flat-screen TVs, a multi-media system with HDMI access, and a fully stocked mini-bar. Becoming part of the Rock Royalty family includes shared rental income, valet service, dedicated staff for owners, private owner lounge, pool/spa, fitness center, outdoor bar, fire pit, and meeting rooms. You, your family, or friends can enjoy the room 28 nights per year. The Hard Rock does all the work, and you collect the checks and enjoy the times you want to visit or gift nights to others. Located in the heart of the Gaslamp, walkable to everything, this is one of those unique once-in-a-blue-moon opportunities to add something special to your portfolio without the burden of self-managing. 2024 CAP rate was 6.59% based upon the current list price. Keep in mind, this offering price is 473K LESS than what it sold for in 2008.

Listing information courtesy of: Brandon Brown, BayBrook Realty 949-232-4044. *Based on information from the Association of REALTORS/Multiple Listing as of 02/22/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.