1138 Virginia Way, La Jolla, California 92037, La Jolla, 92037 - 2 bed, 2 bath
Loading property details...
La Jolla, California 92037
This Authentic Village Craftsman Bungalow is a Prime Investment Opportunity, listed at $2,100,000—positioned well below the $2,167,630 Fair Market Value by 3%. This valuation gap offers $67,630 in Instant Equity. Built in 2019 with a Condition Rating of 2, the home features a modern open-concept kitchen, private rear deck, and a versatile detached office. Located near 9/10 rated La Jolla Elementary, it balances turnkey luxury with significant development potential. This is a premier choice for Owner-Occupants or Buy-and-Hold Investors.
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 | $1,676 | - |
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.
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.
Elementary School: La Jolla Elementary School (9/10).
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.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1229, other record living area = 1040.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 7% |
| Baths | 2.0 | 3.0 | 23% |
| Square foot | 1,229 | 2,709 | 5% |
| Lot Size | 3,925 | 7,383 | 29% |
| Price | $2.10M | $3.52M | 14% |
| Price per sq ft | $1.7K | $1.3K | 80% |
| Built year | 2019 | 1977 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 161 | 14% |
Mar 5, 2026
$2,100,000
Initial Listing