550 Park Way 04, Chula Vista, California 91910, Chula Vista, 91910 - 2 bed, 2 bath
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Chula Vista, California 91910
This Condominium Asset is a High-Potential Investment Opportunity, listed at $489,000—positioned well above the $465,510 Fair Market Value by 5%. While the property lacks immediate equity, it offers a Fair Condition Rating with significant value-add potential through modernization of its 1979-era core systems. Featuring Gated Parking and a Community Pool, the unit provides excellent transit connectivity near the H-street Trolley. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-located, affordable entry point into the Chula Vista market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 Park Way 04 Subject | $489,000* List Price | 2 | 2 | 1,144 | $407 | - |
A 376 Center St 304 Active | $500,000 List Price | 2 | 2 | 1,224 | $408 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (45 years old), the property has received minor cosmetic updates including new vinyl plank flooring and carpet. However, there is no mention of kitchen, bathroom, or major system (HVAC/Electric) renovations, suggesting these core areas are likely dated and will require modernization to meet current standards.
The property is ideally located within blocks of the H-street Trolley Station and Interstate 5, offering exceptional commuting convenience for residents working in San Diego or surrounding areas.
At $280 per month, the association fees are notably low for a complex that provides gated parking and a community pool, enhancing the property's long-term affordability.
Situated near downtown Chula Vista, the CV Shopping Mall, and multiple school levels, the location provides easy access to a wide variety of dining, shopping, and educational facilities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1144, other record living area = 1232.
Built in 1979, the property may require more frequent maintenance or updates to its original systems compared to newer developments in the area.
The combination of vinyl plank and carpeted bedrooms may not appeal to modern buyers who increasingly prefer uniform, hard-surface flooring throughout the entire living space.
2-STORY Condo. Vinyl plank flooring (Bedrooms are carpeted). Complex offers "GATED PARKING" for Las Palomas residents plus a community pool. Reasonable HOA monthly fees. Within street blocks to the H-street & Interstate-5 San Diego Trolley Station. Close access to the 5-Freeway. A short distance to: (1) a variety of restaurants (2) the original Chula Vista downtown area with unique shops & more restaurants plus (3) all what the CV Shopping Mall has to offer. Close to the 3-school levels (Elementary, Middle and High). Also nearby are the Chula Vista Recreation Center & the Parkway Community Center.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,144 | 1,154 | 48% |
| Lot Size | - | 1.81 | 44% |
| Price | $489.0K | $520.0K | 28% |
| Price per sq ft | $427 | $484 | 4% |
| Built year | 1979 | 1985 | 24% |
| HOA | $280.0 | $350 | 12% |
| Days on market | 16 | 149 | 4% |
May 21, 2026
$489,000
Initial Listing