429 33 Nautilus Street, La Jolla, California 92037, La Jolla, 92037 - 0 bed, 0 bath
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429 33 Nautilus Street
La Jolla, California 92037
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,192Sq Ft
5,848Lot Size
Property Price
LIST PRICE$5,495,000
SUMMARY
Analysis of 429 33 Nautilus Street, La Jolla, California 92037 is currently available with a list price of $5,495,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the La Jolla Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1982 and offered for the first time, the property is 44 years old and likely features original systems and dated interiors. While functional for rental income, exterior images show weathered siding and peeling paint, indicating a need for minor repairs and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: La Jolla Elementary School (9/10).
- Prime Coastal Location
Situated just steps from the iconic Windansea Beach, this property offers an irreplaceable location in one of La Jolla's most sought-after coastal neighborhoods, ensuring high demand.
- Development & Investment Versatility
The duplex configuration with alley access and a large parcel provides immediate cash flow via high-end leasing or STVRs, plus significant upside through potential expansion or lot division.
CONSRISKS & DEFICIENCIES
- High Entry Price Point
At a list price of $5.495 million, the property requires a substantial capital outlay, which may impact the immediate cap rate for traditional long-term investors.
- Regulatory Development Risks
Realizing the 'long-term development upside' requires navigating complex La Jolla coastal building codes and verifying lot division feasibility, which adds risk and potential cost for the buyer.
About 429 33 Nautilus Street
Offered on the open market for the very first time, this rare La Jolla coastal opportunity delivers immediate cash flow alongside significant long-term development upside. Located just steps from iconic Windansea Beach, the property features two complete homes perfectly suited for high-end residential leasing or dual short-term vacation rentals (STVR). Highlighting alley access and a sizeable parcel, the asset presents lucrative potential for expansion or a lot division (buyer to verify). Ample parking includes 2 garage spaces per unit in addition to 4 uncovered driveway spaces for the front residence. A truly irreplaceable coastal portfolio addition combining prime La Jolla positioning with strong financial return.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1982
- Lot Size
- 5,848 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
La Jolla Unified Schools
La Jolla Elementary School
Grades K-5 • 0.7 mi
9/10
Muirlands Middle School
Grades 6-8 • 0.4 mi
8/10
La Jolla High School
Grades 9-12 • 0.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,192 | 2,278.5 |
| Lot Size | 5,848 | 828,404 |
| Price | $5.50M | $1.68M |
| Price per sq ft | $1.7K | $817 |
| Built year | 1982 | 1973 |
| HOA | $0 | $1.0K |
| Days on market | 8 | 92 |
Pricing History
Listed for Sale
Sep 1, 2026
$5,495,000
Initial Listing