342 Bonair St. 342-344, La Jolla, California 92037, La Jolla, 92037 - 7 bed, 4 bath

342 Bonair St. 342-344, La Jolla, California 92037 home-pic-0
ACTIVE$3,495,000
342 Bonair St. 342-344, La Jolla, California 92037
7Beds
4Baths
2,800Sqft
6,594Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: La Jolla Elementary School (9/10).
Top Cons:
Age of Existing Structures: The duplexes were built in 1920 and 1962, indicating they likely require substantial renovation or demolition to meet modern luxury standards, adding significant costs to the investment.

Compared to the nearby listings

Price:$3.50M vs avg $1.58M (+$1,910,000)67%
Size:2,800 sqft vs avg 2,080 sqft67%
Price/sqft:$1.2K vs avg $82167%

More Insights

Built in 1920 (105 years old).
Condition: The property consists of two duplexes built in 1920 and 1962, both well over 50 years old. The listing states it's 'First Time on the Market in Over 60 Years,' strongly implying no major renovations in that period. The property analysis explicitly notes the 'Age of Existing Structures' and suggests they 'likely require substantial renovation or demolition.' The description focuses on the potential for building a new custom estate, indicating the value is primarily in the prime coastal land rather than the existing structures. The absence of interior photos, coupled with the age and emphasis on redevelopment, points to the structures being beyond practical repair for modern living standards.
Year Built
1920
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$1,248
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2502182
Home ConditionTear down
Features
Good View: Coastline, Neighborhood, Ocean, Water
Patio
ViewCoastline, Neighborhood, Ocean, Water

About this home

Prime Windansea Beach Location – First Time on the Market in Over 60 Years! Seize this once-in-a-lifetime opportunity to own a coveted piece of coastal paradise just steps from the world-renowned Windansea Beach, famous for its iconic surf breaks, historic surf shack, and picturesque tide pools. This rare gem includes two duplexes, offering four separate units and four coveted off-street parking spaces. The lot has a sidewalk curb cut and alley access. There is not any historical significance per the city of San Diego. The back duplex was built in 1920, while the front duplex was constructed in 1962. Whether you're dreaming of building your custom family estate or a luxurious coastal compound, the potential here is boundless. Enjoy the vibrant local scene with easy walking access to the farmers market, boutique shopping, acclaimed restaurants, La Jolla Elementary, Muirlands Middle School and La Jolla High School. Immerse yourself in the relaxed Windansea lifestyle – where sun, surf, and breathtaking ocean views await at every turn. This is the opportunity you’ve been waiting for – don’t miss your chance to own a piece of Windansea’s rich history and make it your own!

Nearby schools

9/10
La Jolla Elementary School
Public,K-50.8mi
8/10
Muirlands Middle School
Public,6-80.5mi
8/10
La Jolla High School
Public,9-120.4mi
Condition Rating
Tear down

The property consists of two duplexes built in 1920 and 1962, both well over 50 years old. The listing states it's 'First Time on the Market in Over 60 Years,' strongly implying no major renovations in that period. The property analysis explicitly notes the 'Age of Existing Structures' and suggests they 'likely require substantial renovation or demolition.' The description focuses on the potential for building a new custom estate, indicating the value is primarily in the prime coastal land rather than the existing structures. The absence of interior photos, coupled with the age and emphasis on redevelopment, points to the structures being beyond practical repair for modern living standards.
Pros & Cons

Pros

Great Schools: Elementary School: La Jolla Elementary School (9/10).
Prime Coastal Location: Unbeatable Windansea Beach location, just steps from the world-renowned beach, offering an iconic coastal lifestyle with surf breaks and tide pools.
Income-Generating Asset: The property includes two duplexes with four separate units, providing significant rental income potential or flexibility for multi-generational living.
Exceptional Redevelopment Potential: A rare opportunity to build a custom family estate or luxurious coastal compound on a substantial lot (6,594 sqft), with no historical significance hindering development.
Valuable Off-Street Parking: Includes four coveted off-street parking spaces, a highly desirable and practical amenity in a dense beach community like Windansea.
Walkability & Top-Rated Schools: Easy walking access to local amenities including farmers market, boutique shopping, acclaimed restaurants, and highly-rated La Jolla Elementary, Muirlands Middle, and La Jolla High Schools.

Cons

Age of Existing Structures: The duplexes were built in 1920 and 1962, indicating they likely require substantial renovation or demolition to meet modern luxury standards, adding significant costs to the investment.
High Initial Investment: The list price of $3.495 million represents a significant capital outlay, which, when combined with potential redevelopment expenses, creates a high barrier to entry for buyers.
Limited Immediate Luxury Appeal: While the location is prime, the existing older duplexes may not offer the turn-key luxury experience sought by high-end buyers without considerable upgrades or a complete rebuild.

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