414 La Canada Street, La Jolla, California 92037, La Jolla, 92037 - 3 bed, 2 bath
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414 La Canada Street
La Jolla, California 92037
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,540Sq Ft
7,501Lot Size
Property Price
LIST PRICE$2,890,000
EST. MARKET VALUE
$2,571,101
12% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,890,000—positioned above the $2,571,102 Fair Market Value. While the property lacks immediate equity, its RM-2-5 Zoning and 7,501 sqft lot offer significant redevelopment potential in a premier coastal location. With a Condition Rating of 6, the home serves as a prime candidate for a full-scale renovation or teardown. Served by top-tier schools like Bird Rock Elementary (10/10), this is a strategic acquisition for Real Estate Developers or Owner-Occupants seeking to build a custom luxury residence.
Estimated Market Value
$2,571,101
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 |
|---|---|---|---|---|---|---|
★ 414 La Canada Street Subject 3 bd · 2 ba · 1,540 sqft · $1,670 | $2,890,000* List Price | 3 | 2 | 1,540 | $1,670 | - |
A 5920 La Jolla Sold 2 bd · 2 ba · 1,556 sqft · $1,719 · 0.1 mi | $2,675,000 | 2 | 2 | 1,556 | $1,719 | 0.1 mi |
B 5825 Folsom Dr Sold 2 bd · 1 ba · 1,409 sqft · $1,739 · 0.3 mi | $2,450,000 | 2 | 1 | 1,409 | $1,739 | 0.3 mi |
C 5669 Bellevue Avenue Pending 3 bd · 2 ba · 1,908 sqft · $1,520 · 0.5 mi | $2,900,000 List Price | 3 | 2 | 1,908 | $1,520 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1953 and explicitly described as being in 'original condition,' this 70+ year old property has had no significant renovations. The kitchen and baths are original mid-century, and the listing focuses on the lot's redevelopment potential and land value, meeting the criteria for a tear-down.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Bird Rock Elementary School (10/10).
- Development Potential
The RM-2-5 zoning on a generous 0.17-acre lot provides a rare and versatile opportunity for investors or builders to renovate, expand, or redevelop into a multi-unit project.
- Prime Coastal Location
Situated in one of La Jolla's most sought-after neighborhoods, the property offers exceptional proximity to world-class beaches, coastal parks, and premier dining and shopping.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 7501.
- Original Condition
Built in 1953 and maintained in its original state, the home requires significant capital investment for modernization or a complete teardown to meet contemporary luxury standards.
- Lack of Views
Unlike many high-end properties in the coastal La Jolla market, this listing does not offer ocean or panoramic views, which may impact its competitive appeal at the $2.89M price point.
About 414 La Canada Street
Rare opportunity in one of La Jolla's most sought-after neighborhoods. Set on a generous lot, this original-condition property offers outstanding potential to renovate, expand, or redevelop. Zoned RM-2-5, it presents compelling possibilities for owner-users, builders, and investors alike. The home has a large garage and has been held in its original condition. Close to dining and shopping, local beaches, schools, and coastal parks. Opportunities of this size and zoning are seldom available in this area. Buyer to independently verify zoning, permitted uses, lot size, and development potential with the City of San Diego.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 7,501 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
La Jolla Unified Schools
Bird Rock Elementary School
Grades K-5 • 0.8 mi
10/10
La Jolla Elementary School
Grades K-5 • 1.3 mi
9/10
Muirlands Middle School
Grades 6-8 • 0.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.1 |
| Baths | 2.0 | 3.7 |
| Square foot | 1,540 | 2,784.514 |
| Lot Size | 7,501 | 12,220.286 |
| Price | $2.89M | $3.49M |
| Price per sq ft | $1.9K | $1.2K |
| Built year | 1953 | 1981 |
| HOA | $0 | $515 |
| Days on market | 9 | 58 |
Pricing History
Listed for Sale
Oct 16, 2026
$2,890,000
Initial Listing
Sold
Jul 2, 1996
$375,000
Public Record