1138 Virginia Way, La Jolla, California 92037, La Jolla, 92037 - 2 bed, 2 bath

1138 Virginia Way
La Jolla, California 92037
Property Price
SUMMARY
Analysis of 1138 Virginia Way, La Jolla, California 92037 reveals a Prime Investment Opportunity with a current list price of $2,100,000—significantly undercutting the $2,167,630 Fair Market Value by 3%. This valuation gap indicates a +$67,630 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the La Jolla Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1138 Virginia Way Subject | $2,100,000* List Price | 2 | 2 | 1,229 | $1,764 | - |
A 616 Rushville Street Sold | $1,945,000 | 2 | 1 | 1,107 | $1,757 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2019, this property is in like-new condition, featuring a modern open-concept kitchen with high-end stainless steel appliances, stone countertops, and shaker-style cabinetry. The interior boasts premium hardwood flooring throughout, recessed lighting, and updated bathrooms with contemporary fixtures, showing no signs of deferred maintenance and meeting the highest quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: La Jolla Elementary School (9/10).
- Prime Village Location
Situated in the heart of La Jolla, this property offers exceptional walkability to top-rated schools, boutique shopping, and world-class dining, making it a highly desirable coastal address.
- Development Potential
The property presents a rare investment opportunity with significant potential for expansion or redevelopment on a fee-simple lot in one of Southern California's most prestigious markets.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1229, other record living area = 1040.
- Limited Main Bathrooms
The main residence features only one bathroom, which may be a significant drawback for families or buyers expecting more modern convenience at this price point.
- Premium Pricing for Scale
At a $2.1 million list price for approximately 1,229 square feet, the property commands a high price per square foot, primarily reflecting its location and future potential rather than current interior volume.
About 1138 Virginia Way
Experience timeless charm, exceptional convenience, and outstanding value in this authentic Village Craftsman bungalow in La Jolla. From the "white picket fence" curb appeal to the ideal location, every aspect of this property presents a rare opportunity. This home offers remarkable investment potential, with possibilities for development and expansion. Inside, you’ll find 2 bedrooms, 1 bath, and an open-concept kitchen and living area filled with warmth and character. A detached office with a half bath provides flexible space for work or guests, while the detached one-car garage with alley access adds everyday practicality. Enjoy outdoor living on the generous covered front porch or unwind on the private rear deck. Homes of this era rarely come to market in such well-preserved condition, retaining their architectural integrity — especially with fee simple ownership — at this price point in such a sought-after location—a truly exceptional opportunity in the heart of La Jolla.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2019
- Lot Size
- 3,925 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
La Jolla Unified Schools
La Jolla Elementary School
Grades K-5 • 0.2 mi
Muirlands Middle School
Grades 6-8 • 0.7 mi
La Jolla High School
Grades 9-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 8% |
| Baths | 2.0 | 3.0 | 21% |
| Square foot | 1,229 | 2,672 | 4% |
| Lot Size | 3,925 | 8,000 | 27% |
| Price | $2.10M | $3.55M | 17% |
| Price per sq ft | $1.7K | $1.3K | 82% |
| Built year | 2019 | 1977 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 156 | 8% |
Pricing History
Listed for Sale
Mar 5, 2026
$2,100,000
Initial Listing





























