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2136 Paseo Dorado, La Jolla, California 92037, La Jolla, 92037 - 4 bed, 3 bath

2136 Paseo Dorado, La Jolla, California 92037 home-pic-0
ACTIVE$3,395,000
2136 Paseo Dorado, La Jolla, California 92037
4Beds
3Baths
2,225Sqft
Lot

Price Vs. Estimate

The estimated value ($3,271,957.57) is $123,042.43 (3%) lower than the list price ($3,395,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Situated in the highly sought-after La Jolla Shores, offering a 'vacation-everyday' lifestyle with immediate access to vast sand beaches, chic cafes, restaurants, and proximity to UCSD and Biotech Mesa.
Top Cons:
Property Age: Built in 1973, the property may have original systems or components that could require future maintenance, updates, or renovations not explicitly detailed as completed.

Compared to the nearby listings

Price:$3.40M vs avg $3.57M ($-173,500)44%
Size:2,225 sqft vs avg 2,711 sqft28%
Price/sqft:$1.5K vs avg $1.4K67%

More Insights

Built in 1973 (52 years old).
Condition: Despite being built in 1973, this property has undergone extensive and recent renovations, evident in its 'modern interiors' as described and showcased in the images. Both the main residence and the detached apartment feature kitchens with contemporary white/grey shaker cabinets, quartz countertops, stainless steel appliances, and updated flooring (dark hardwood or hexagonal tile). The bathrooms are equally modern, boasting new vanities, fixtures, and stylish tiling. The overall flooring, lighting, and finishes throughout the property appear new or virtually new, indicating a comprehensive renovation within the last five years, meeting current quality standards and requiring no immediate updates.
Year Built
1973
Close
-
List price
$3.4M
Original List price
$3.67M
Price/Sqft
$1,526
HOA
-
Days on market
-
Sold On
-
MLS number
250031112SD
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

La Jolla Shores' vacation-everyday lifestyle is famed throughout the world for its vast sand beaches with perfect waves for swim or surf, its rugged and picturesque North Shore cliffs, the renowned La Jolla Beach & Tennis Club and chic cafes and restaurants. Just steps from all, this exceptional duplex offers a rare opportunity for a wonderful primary home or vacation residence and/or income. With a detached apartment and superb rental history across all units, the property is both a wonderful retreat and an income-producing gem. The main residence is a unique Tudor Revival with voluminous and modern interiors showcasing soaring open-beam ceilings, an arched front door, leaded-glass windows, skylights and a sunny private patio perfect for al fresco relaxation. With its timeless architecture and consistently strong rental history, this home lives beautifully with easy access to "the village," La Jolla Shores Beach, shops, restaurants, UCSD, Biotech Mesa, and freeways. The detached guest house, privately set above the garage, enjoys its own gated entry and address—an ideal retreat for guests or income. Whether you seek a legacy property, beach house fun, a second home with supplemental income, or a 1031 exchange investment, this property offers a unique opportunity to own a piece of La Jolla Shores history, just a short stroll to world-class dining, kayaking, surfing, and the beach. Property recently appraised at a value of $3,900,000!

Condition Rating
Excellent
Despite being built in 1973, this property has undergone extensive and recent renovations, evident in its 'modern interiors' as described and showcased in the images. Both the main residence and the detached apartment feature kitchens with contemporary white/grey shaker cabinets, quartz countertops, stainless steel appliances, and updated flooring (dark hardwood or hexagonal tile). The bathrooms are equally modern, boasting new vanities, fixtures, and stylish tiling. The overall flooring, lighting, and finishes throughout the property appear new or virtually new, indicating a comprehensive renovation within the last five years, meeting current quality standards and requiring no immediate updates.
Pros & Cons

Pros

Prime Coastal Location: Situated in the highly sought-after La Jolla Shores, offering a 'vacation-everyday' lifestyle with immediate access to vast sand beaches, chic cafes, restaurants, and proximity to UCSD and Biotech Mesa.
Exceptional Income Potential: Configured as an exceptional duplex with a detached guest house and a superb rental history, providing significant income generation opportunities or flexible multi-generational living.
Unique Architectural Charm: The main residence boasts a unique Tudor Revival style with voluminous, modern interiors, soaring open-beam ceilings, leaded-glass windows, and a private patio, offering timeless appeal.
Versatile Investment Opportunity: Appeals to a broad range of buyers, including those seeking a primary home, vacation residence, income property, legacy asset, or a 1031 exchange investment.
Strong Appraised Value: Recently appraised at $3,900,000, indicating a robust underlying value and potential for immediate equity at the current list price of $3,395,000.

Cons

Property Age: Built in 1973, the property may have original systems or components that could require future maintenance, updates, or renovations not explicitly detailed as completed.
History of Price Reductions: Multiple price adjustments from the original listing price ($3.675M to $3.395M) could suggest initial overpricing or a slower-than-anticipated market reception.
Valuation Discrepancy: The automated property estimation ($3.088M) is significantly lower than both the current list price ($3.395M) and the recent appraisal ($3.9M), which might create buyer uncertainty regarding true market value.

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