
La Jolla, California 92037
This Turnkey Village Residence with Development Upside is listed at $3,998,000, reflecting its prime location and expansion potential compared to the $3,749,491 Fair Market Value. Boasting a Condition Rating of 2, the main home features a comprehensive renovation with oak flooring, central AC, and a new roof. The rare street-to-street parcel includes a nearly complete SB9 lot split and approved plans for a new residence and ADU. Located near Top-Rated La Jolla Schools (9/10 rating), this property offers immediate luxury with significant future appreciation. It is a strategic acquisition for Owner-Occupants or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1221 Virginia Way Subject | $3,498,000* List Price | 4 | 2 | 2,327 | $1,511 | - |
A 7227 Olivetas Ave Sold | $3,835,655 | 4 | 3 | 2,278 | $1,684 | 0.7 mi |
B 7240 Caminito Cruzada Sold | $3,505,000 | 3 | 2 | 2,307 | $1,519 | 1.0 mi |
C 7355 Fay Avenue Sold | $3,198,000 | 4 | 4 | 2,100 | $1,523 | 0.4 mi |
D 7715 Whitefield Pl Sold | $4,400,000 | 3 | 4 | 2,691 | $1,635 | 0.5 mi |
E 533 Bonair Way Active | $2,500,000 List Price | 4 | 3 | 1,753 | $1,426 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation, making it fully turnkey. It features a modern open kitchen with high-end stainless steel appliances, refreshed bathrooms with contemporary fixtures, and new oak flooring throughout. Significant system upgrades including a new roof, central heating and air conditioning, and a tankless water heater ensure the home meets current quality standards with no deferred maintenance.
Elementary School: La Jolla Elementary School (9/10).
The property features a rare street-to-street parcel with a nearly complete SB9 lot split and approved plans for a new 1,523 sqft residence and a 773 sqft ADU, offering massive future value.
The 4-bedroom main home is fully renovated and move-in ready, featuring modern upgrades like central air conditioning, a new roof, oak flooring, and a tankless water heater.
The current driveway only accommodates tandem parking, which can be a logistical challenge for a four-bedroom home or a multi-unit redevelopment.
At a list price of nearly $4 million for a 1,749 sqft primary living space, the current valuation relies heavily on the buyer's willingness to execute the proposed development plans.
In the heart of La Jolla Village, a rare street-to-street parcel spanning Virginia Way to Olivet Street pairs a beautifully renovated main residence with uncommon long-term versatility. Few Village properties combine turnkey living today with approvals and groundwork already in place for what comes next. The 1,749-square-foot, 4-bedroom, 2-bath home is updated and move-in ready, centered around a welcoming living room with wood-burning fireplace, oak flooring, and an open kitchen and dining area that flows directly to a private outdoor entertaining patio with fire pit, BBQ, and dining space. Recent improvements include central heating and air conditioning, tankless water heater, new roof, refreshed bathrooms, and full-size LG washer and dryer. Outdoor spaces include a fully enclosed front yard framed by a white picket fence, custom brick herringbone patio, lawn, mature landscaping, and a private rear patio supporting effortless indoor-outdoor living. The driveway accommodates tandem parking. A 578-square-foot separate structure on the Olivet Street side has been substantially prepared, accompanied by plans and approvals for redevelopment including a proposed 1,523-square-foot residence with subterranean garage and a 773-square-foot ADU, along with a nearly complete SB9 lot split. Proven rental history provides established income potential alongside future expansion or redevelopment opportunities.
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 | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 24% |
| Square foot | 2,327 | 2,706 | 35% |
| Lot Size | 5,602 | 7,218 | 39% |
| Price | $3.50M | $3.50M | 49% |
| Price per sq ft | $1.5K | $1.3K | 63% |
| Built year | 1977 | 1977 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 161 | 10% |
Apr 10, 2026
$3,498,000
$3,998,000
-13% Price Drop
Initial Listing
Mar 12, 2026
$3,998,000
Initial Listing
Jun 13, 2023
$2,600,000
Public Record