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

1138 Virginia Way, La Jolla, California 92037 home-pic-0
ACTIVE$2,195,000
1138 Virginia Way, La Jolla, California 92037
2Beds
2Baths
1,040Sqft
3,925Lot

Price Vs. Estimate

The estimated value ($2,195,000) is $0 (0%) lower than the list price ($2,195,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: La Jolla Elementary School (9/10).
Top Cons:
High Price Point for Size: The list price of $2.195 million is substantial for a 2-bedroom, 1.5-bathroom, 1040 sqft property, potentially limiting the buyer pool seeking larger homes.

Compared to the nearby listings

Price:$2.19M vs avg $3.57M ($-1,373,500)13%
Size:1,040 sqft vs avg 2,711 sqft3%
Price/sqft:$2.1K vs avg $1.4K94%

More Insights

Built in 2019 (6 years old).
Condition: The property was built in 2019, making it only 5 years old. This falls within the 'Excellent' criteria, indicating it is virtually new construction. While interior images are not provided, the recent build year strongly suggests that all components, including the kitchen and bathrooms, are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2019
Close
-
List price
$2.19M
Original List price
$2.4M
Price/Sqft
$2,111
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2504214
Home ConditionExcellent
Features
Good View: Neighborhood
Deck
ViewNeighborhood

About this home

Experience unmatched charm, convenience and value at this authentic village craftsman style bungalow in La Jolla! The curb appeal alone is captivating but the location, features and opportunity are what is so intriguing. Offered with the tenant’s lease in place ($4675/mo through Dec ‘25) this is a phenomenal investment with development and expansion potential as well as potential historicity. The home features 2 BR, 1BA, an open kitchen and living area as well as a detached office with another half bath and a detached 1 car garage with alley access. Exterior spaces include the generous covered front porch or private rear deck. It is incredibly rare to find a home of this age in this condition with the architectural integrity let alone fee simple ownership at this price in this location!

Nearby schools

9/10
La Jolla Elementary School
Public,•K-5•0.2mi
8/10
Muirlands Middle School
Public,•6-8•0.7mi
8/10
La Jolla High School
Public,•9-12•0.7mi
Condition Rating
Excellent
The property was built in 2019, making it only 5 years old. This falls within the 'Excellent' criteria, indicating it is virtually new construction. While interior images are not provided, the recent build year strongly suggests that all components, including the kitchen and bathrooms, are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: La Jolla Elementary School (9/10).
Prime La Jolla Location: Situated in a highly desirable La Jolla address, offering exceptional convenience, prestige, and access to local amenities.
Strong Investment Potential: Features an existing tenant lease generating $4675/month through December 2025, providing immediate rental income, coupled with significant development and expansion potential.
Modern Build with Historic Charm: Built in 2019, this authentic craftsman-style bungalow combines the architectural integrity and charm of a classic home with the benefits and condition of new construction.
Versatile Detached Structures: Includes a detached office with a half bath, ideal for remote work or guest space, and a detached 1-car garage with convenient alley access.
Captivating Curb Appeal & Outdoor Spaces: Boasts charming curb appeal, a generous covered front porch, and a private rear deck, enhancing livability and aesthetic value.

Cons

High Price Point for Size: The list price of $2.195 million is substantial for a 2-bedroom, 1.5-bathroom, 1040 sqft property, potentially limiting the buyer pool seeking larger homes.
Limited Immediate Owner Occupancy: The existing tenant lease through December 2025 means the property cannot be immediately occupied by a new owner, which may deter buyers looking for a primary residence.
Modest Interior Space: With only 1040 sqft and 2 bedrooms, the interior living area is relatively compact, which might not meet the needs of larger families or those desiring more expansive living quarters.

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