550 Park Blvd 2601, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
ACTIVE$595,000
550 Park Blvd 2601, San Diego, California 92101
1Bed
1Bath
1,018Sqft
38,864Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Downtown Location: Situated in a highly desirable downtown area, offering unparalleled walkability to the Ballpark, Gaslamp District, grocery stores, and Little Italy, enhancing lifestyle and potential rental demand.
Top Cons:
Extended Occupancy Delay: The property is not available for immediate occupancy, with availability projected for October 2025, which may deter buyers seeking a quicker move-in or investment return.
Compared to the nearby listings
Price:$595.0K vs avg $692.5K ($-97,500)37%
Size:1,018 sqft vs avg 1,046 sqft46%
Price/sqft:$584 vs avg $69415%
More Insights
Built in 2004 (21 years old).
Condition: This condo, built in 2004, is 20 years old, placing it at the upper end of the 'Good' category's age range. The images show a well-maintained, move-in ready unit with clean carpets, fresh paint, and functional, standard stainless steel appliances in the kitchen. While the kitchen's light wood cabinets and black countertops, along with the overall style, reflect its early 2000s construction and are not ultra-modern, they appear to be in good condition with no immediate need for renovation. The absence of bathroom images prevents a direct assessment, but it's reasonable to assume similar condition and style to the kitchen. Major systems are likely functional and within their expected lifespan, consistent with a property of this age that has been regularly maintained. The property offers desirable features like a private rooftop patio and balcony.
Year Built
2004
Close
-
List price
$595K
Original List price
$595K
Price/Sqft
$584
HOA
$611.43
Days on market
-
Sold On
-
MLS number
250040250SD
Home ConditionGood
Features
Good View: City Lights
Deck
ViewCity Lights
About this home
Beautiful & very rare 1 bedroom, 1 full bath including West facing balcony & Private Rooftop Patio. One of the 1st condos to be selected at Park Boulevard West. Over 1,000 sq. ft (as per assessor record) prime West facing condo w/ private rooftop area large enough for entertaining or private sunbathing area. Top floor - end unit, assigned parking space & ready for occupancy by October 2025 once current resident moves out. Great location close to Ballpark Gaslamp District, Grocery stores, Walk to Little Italy. Beautiful & very rare 1 bedroom, 1 full bath including West facing balcony & Private Rooftop Patio. One of the 1st condos to be selected at Park Boulevard West. Over 1,000 sq. ft (as per assessor record) prime West facing condo w/ private rooftop area large enough for entertaining or private sunbathing area. Top floor - end unit, assigned parking space & ready for occupancy by October 2025 when current tenant moves out. Great location close to Ballpark Gaslamp District, Grocery stores, Walk to Little Italy.
Nearby schools
5/10
Sherman Elementary School
Public,•K-5•0.6mi
3/10
Burbank Elementary School
Public,•K-5•1.1mi
5/10
Washington Elementary School
Public,•K-5•1.2mi
6/10
Jefferson Elementary School
Public,•K-5•2.8mi
3/10
Perkins Elementary School
Public,•K-8•0.8mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.6mi
4/10
Golden Hill K-8
Public,•K-8•1.9mi
5/10
Roosevelt International Middle School
Public,•6-8•2.1mi
Condition Rating
Good
This condo, built in 2004, is 20 years old, placing it at the upper end of the 'Good' category's age range. The images show a well-maintained, move-in ready unit with clean carpets, fresh paint, and functional, standard stainless steel appliances in the kitchen. While the kitchen's light wood cabinets and black countertops, along with the overall style, reflect its early 2000s construction and are not ultra-modern, they appear to be in good condition with no immediate need for renovation. The absence of bathroom images prevents a direct assessment, but it's reasonable to assume similar condition and style to the kitchen. Major systems are likely functional and within their expected lifespan, consistent with a property of this age that has been regularly maintained. The property offers desirable features like a private rooftop patio and balcony.
Pros & Cons
Pros
Exceptional Downtown Location: Situated in a highly desirable downtown area, offering unparalleled walkability to the Ballpark, Gaslamp District, grocery stores, and Little Italy, enhancing lifestyle and potential rental demand.
Exclusive Private Rooftop Patio: Features a rare and expansive private rooftop patio, providing a unique outdoor space for entertaining or personal relaxation, a significant differentiator for a condo.
Generous Square Footage for 1-Bedroom: At over 1,000 sq. ft., this 1-bedroom unit offers significantly more living space than typical downtown condos of its type, providing comfort and versatility.
Premium Top Floor End Unit with Views: Positioned as a top-floor, end unit with a prime West-facing orientation, ensuring enhanced privacy, abundant natural light, and desirable city light views.
Valuable Assigned Parking: Includes an assigned parking space, a highly sought-after amenity in the dense downtown San Diego area, adding convenience and value.
Cons
Extended Occupancy Delay: The property is not available for immediate occupancy, with availability projected for October 2025, which may deter buyers seeking a quicker move-in or investment return.
Substantial Monthly Association Fees: The association fee of $611.43 per month is relatively high for a 1-bedroom unit, impacting the overall cost of ownership and potentially reducing investor yields.
Single Bedroom Configuration: As a 1-bedroom unit, its market appeal is limited to individuals or couples, potentially narrowing the pool of prospective buyers compared to multi-bedroom properties.