2790 Palomino, La Jolla, California 92037, La Jolla, 92037 - 4 bed, 3 bath
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2790 Palomino
La Jolla, California 92037
ACTIVE
CONDITION: POOR
4Beds
3Baths
2,430Sq Ft
20,300Lot Size
Property Price
LIST PRICE$2,475,000
EST. MARKET VALUE
$2,693,765
8% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $2,475,000—positioned well below the $2,693,765 Fair Market Value by 8%. This valuation gap offers $218,765 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home is a prime candidate for a custom rebuild on its 0.46-acre canyon-side lot. With proximity to top-rated schools like Bird Rock Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to create a bespoke La Jolla estate.
Estimated Market Value
$2,693,765+$218,765 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in La Jolla.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2790 Palomino Subject 4 bd · 3 ba · 2,430 sqft · $1,109 | $2,475,000* List Price | 4 | 3 | 2,430 | $1,109 | - |
A 2045 Avila Ct Active 3 bd · 3 ba · 2,834 sqft · $1,129 · 0.8 mi | $3,200,000 List Price | 3 | 3 | 2,834 | $1,129 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1964 and offered for the first time in over 50 years, this property is significantly dated and exceeds the 30-50 year threshold for major rehab. While the structure appears intact, the kitchen, baths, and built-ins are original or decades old, and the listing primarily markets the property for its land value and potential to build a new custom estate.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20300, living area = 2430.
- Great Schools
Elementary School: Bird Rock Elementary School (10/10).
- Expansive Canyon Lot
Situated on a rare, nearly half-acre canyon-side parcel, the property offers exceptional privacy and a serene natural setting that is difficult to find in the La Jolla area.
CONSRISKS & DEFICIENCIES
- Dated Interior Condition
Having been held by the same owner for over 50 years, the home requires a complete cosmetic transformation and likely system updates to meet modern luxury standards.
- High Renovation Costs
Given the 'as-is' nature and the potential for a full rebuild, buyers must budget for significant additional capital expenditure beyond the multi-million dollar purchase price.
About 2790 Palomino
Offered for the first time in over 50 years, this 4+bedroom residence lies on an extraordinary almost half-acre canyon-side parcel. The charming existing home is ready for cosmetic transformation, while the exceptional site offers an exciting opportunity to create a sophisticated custom estate designed around the surrounding privacy, open space and natural beauty. With generous land, a serene canyon setting and tremendous potential, this is a property to reimagine and make truly your own. Best of all, the tranquility feels worlds away, yet La Jolla Village, beaches, dining, shopping and freeway access are just minutes away. A rare offering with the land, location and limitless potential to create something truly special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 20,300 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
La Jolla Unified Schools
Sessions Elementary School
Grades K-5 • 1.3 mi
9/10
Bird Rock Elementary School
Grades K-5 • 1.9 mi
10/10
La Jolla Elementary School
Grades K-5 • 2.1 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.1 |
| Baths | 3.0 | 3.7 |
| Square foot | 2,430 | 2,784.514 |
| Lot Size | 20,300 | 12,220.286 |
| Price | $2.48M | $3.49M |
| Price per sq ft | $1.0K | $1.2K |
| Built year | 1964 | 1981 |
| HOA | $0 | $515 |
| Days on market | 45 | 58 |
Pricing History
Listed for Sale
Sep 10, 2026
$2,475,000
Initial Listing