
La Jolla, California 92037
This property presents a High-Potential Investment Opportunity with a List Price of $4,200,000—positioned slightly above the $4,088,146 Fair Market Value. While the home carries a Fair Condition Rating and requires significant renovation, the 23,200 SF flat lot in the prestigious Olde Muirlands offers immense development upside. Served by top-tier schools like Bird Rock Elementary (10/10), this asset is a rare canvas for a custom estate. It is an ideal acquisition for Luxury Developers or Owner-Occupants seeking to build a legacy residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1444 Rodeo Dr. Subject 4 bd · 2 ba · 2,841 sqft · $1,439 | $4,200,000* List Price | 4 | 2 | 2,841 | $1,439 | - |
A 855 Muirlands Drive Sold 4 bd · 4 ba · 3,520 sqft · $1,419 · 0.5 mi | $4,995,000 | 4 | 4 | 3,520 | $1,419 | 0.5 mi |
B 6859 Avenida Andorra Sold 3 bd · 2 ba · 2,834 sqft · $1,146 · 0.9 mi | $3,249,000 | 3 | 2 | 2,834 | $1,146 | 0.9 mi |
C 1230 Nautilus Sold 4 bd · 4 ba · 3,083 sqft · $1,268 · 0.6 mi | $3,910,000 | 4 | 4 | 3,083 | $1,268 | 0.6 mi |
D 2045 Avila Ct Active 3 bd · 3 ba · 2,834 sqft · $1,129 · 0.6 mi | $3,200,000 List Price | 3 | 3 | 2,834 | $1,129 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The 1955 structure features a kitchen renovation that appears to be 10-15 years old with stainless appliances and granite counters. However, the listing explicitly states the home is 'ready for a significant renovation' or 'complete reimagining,' and the original windows and exterior systems reflect its 70-year age, placing it in the Fair category as a dated property needing updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23200, living area = 2841.
Elementary School: Bird Rock Elementary School (10/10).
The property features a rare 23,200 SF level lot in the prestigious Olde Muirlands neighborhood, providing a massive, versatile canvas for a custom luxury estate.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The original 1955 structure is in need of a complete overhaul or teardown, requiring substantial additional capital beyond the purchase price.
While site plans are provided, they have not been submitted to or approved by the City, leaving the buyer to navigate the entitlement and permitting process.
Set in one of the most coveted streets of La Jolla’s prestigious Olde Muirlands neighborhood, this exceptional 23,200 SF flat lot presents a rare opportunity to create a true dream estate. The existing 1955 residence offers 2,841 SF of living space with 4 bedrooms and 2 bathrooms, providing a solid foundation for a thoughtful remodel, expansion, or a complete reimagining of the property. While the current home is ready for a significant renovation, the value lies in the extraordinary setting—an expansive, level lot with endless possibilities in one of La Jolla’s most desirable enclaves. The primary bedroom enjoys ocean views from the side of the home, adding to the exceptional potential of this special property. Surrounded by timeless estates and just minutes from world-class beaches, dining, shopping, and the village, this property offers the ideal canvas to design and build a custom residence tailored to today’s lifestyle. Opportunities like this rarely become available in the Olde Muirlands. Whether restoring the existing home or creating a spectacular new vision, this is a once-in-a-generation chance to secure a premier piece of La Jolla real estate and build something truly remarkable. Included in the sale are site plans for two proposed renovation designs. While the plans have not been submitted to the City for review or approval, significant time and investment have gone into the design process, providing a valuable starting point for new owners who wish to pursue either vision.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.1 |
| Baths | 2.0 | 3.7 |
| Square foot | 2,841 | 2,784.514 |
| Lot Size | 23,200 | 12,220.286 |
| Price | $4.20M | $3.49M |
| Price per sq ft | $1.5K | $1.2K |
| Built year | 1955 | 1981 |
| HOA | $0 | $515 |
| Days on market | 2 | 58 |
Oct 23, 2026
$4,200,000
Initial Listing
Aug 22, 2025
$3,800,000
Public Record