550 Park Blvd 2501, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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550 Park Blvd 2501
San Diego, California 92101
ACTIVE
CONDITION: GOOD
1Beds
1Baths
810Sq Ft
38,864Lot Size
Property Price
LIST PRICE$495,000
EST. MARKET VALUE
$494,605
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $495,000—positioned well below the $494,605 Fair Market Value (effectively at market). Featuring a Condition Rating of 3, this residence offers a modern lifestyle with Granite Countertops, LG Stainless Steel Appliances, and an Oversized Private Patio with panoramic city views. While the HOA fees are notable, the unit’s move-in ready status and VA/FHA financing eligibility provide excellent stability. This property is an ideal acquisition for first-time buyers or urban professionals seeking a premium downtown San Diego lifestyle.
Estimated Market Value
$494,605
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 Park Blvd 2501 Subject | $495,000* List Price | 1 | 1 | 810 | $611 | - |
A 525 11th Avenue 1501 Sold | $545,000 | 1 | 1 | 863 | $632 | 0.0 mi |
B 253 10th Ave 733 Sold | $429,999 | 1 | 1 | 808 | $532 | 0.2 mi |
C 206 Park Boulevard 501 Sold | $411,000 | 1 | 1 | 881 | $467 | 0.2 mi |
D 525 11th Avenue 1122 Sold | $450,000 | 1 | 1 | 689 | $653 | 0.0 mi |
E 1050 Island Avenue 711 Sold | $580,000 | 1 | 1 | 814 | $713 | 0.1 mi |
F 1050 Island Ave 422 Sold | $580,000 | 1 | 1 | 894 | $649 | 0.0 mi |
G 875 G St. 707 Sold | $465,000 | 1 | 1 | 678 | $686 | 0.2 mi |
H 206 Park Boulevard 602 Sold | $400,000 | 1 | 1 | 696 | $575 | 0.2 mi |
I 427 9th Ave 809 Active | $450,000 List Price | 1 | 1 | 826 | $545 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2004 (22 years old), the property exceeds the 'Fair' age threshold due to significant recent updates. The interior features newer flooring, fresh paint, and modern LG stainless steel appliances. The kitchen and bathroom are well-maintained with granite countertops and contemporary finishes, making the unit fully functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive Private Outdoor Space
The rare oversized west-facing patio offers impressive city skyline views and significantly extends the living area, providing a premium space for outdoor entertaining that is hard to find in downtown San Diego.
- Enhanced Privacy and Light
As a corner residence with only one shared wall and a west-facing orientation, this unit offers superior privacy and abundant natural light compared to standard interior units.
- Turnkey Condition & Financing
The home features modern updates including LG appliances and granite countertops, while its eligibility for VA and FHA financing makes it highly accessible to a wider range of buyers.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $649 is relatively high for a one-bedroom unit, which increases the total monthly carrying cost and may impact affordability for some buyers.
- Underperforming Local Schools
The property is zoned for schools with lower academic ratings (ranging from 3 to 5), which could be a drawback for families or impact long-term resale value.
About 550 Park Blvd 2501
Located in the desirable Park Blvd West community, this west-facing corner residence combines privacy, natural light, and an oversized patio with impressive city skyline views. Featuring approximately 810 square feet of thoughtfully designed living space, this home enjoys a private west-facing orientation with only one shared wall. The home includes updated LG appliances and an oversized outdoor patio space ideal for entertaining and relaxing. Park Blvd West is pet friendly with 2 pets welcome. The interior has been tastefully updated with fresh paint, newer flooring, granite countertops, stainless steel LG appliances, and the convenience of an in-unit washer and dryer. One of the home's standout features is the oversized private patio—an ideal extension of the living space for outdoor dining or entertaining. A generous walk-in closet provides excellent storage, and Google Fiber Webpass is available for fast, reliable internet. Park Blvd West is a pet-friendly community offering controlled access, a community spa, gated underground parking, guest parking, and rentable storage rooms. The building also offers attractive financing opportunities, including the potential for VA and FHA financing. Ideally located in the heart of East Village, you'll be just moments from Petco Park, the Gaslamp Quarter, restaurants, coffee shops, entertainment, and everything that makes downtown San Diego living so desirable.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2004
- Lot Size
- 38,864 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $649.0 / Month
Neighborhood Insights
San Diego Unified Schools
Sherman Elementary School
Grades K-5 • 0.6 mi
5/10
Burbank Elementary School
Grades K-5 • 1.1 mi
3/10
Washington Elementary School
Grades K-5 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 810 | 1,002.307 |
| Lot Size | 38,864 | 75,574.68 |
| Price | $495.0K | $596.0K |
| Price per sq ft | $611 | $612 |
| Built year | 2004 | 1985 |
| HOA | $649.0 | $529 |
| Days on market | 20 | 55 |
Pricing History
Listed for Sale
Aug 20, 2026
$495,000
Initial Listing
Sold
Apr 6, 2022
$500,000
Public Record
Sold
Jun 28, 2013
$347,000
Public Record
Sold
Jul 1, 2005
$415,000
Public Record
Sold
Sep 30, 2004
$391,000
Public Record