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434 436 Bonair St, La Jolla, California 92037, La Jolla, 92037 - 3 bed, 2 bath

434 436 Bonair St, La Jolla, California 92037 home-pic-0
ACTIVE$4,195,000$1,697/sqft
Est. Value: $4,390,176
4%
BelowEstimate
434 436 Bonair St, La Jolla, California 92037
3Beds
2Baths
1,697Sqft
4,550Lot

Price Vs. Estimate

The estimated value ($4,390,176.2) is $195,176.2 (4%) higher than the list price ($4,195,000). This property may be underpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Perfectly positioned in La Jolla's desirable Beach Barber Tract, west of the boulevard, offering a short stroll to renowned Windansea Beach, Nautilus Street shopping, restaurants, and La Jolla High School.
Top Cons:
High Initial Investment: The list price of $4.195 million represents a substantial capital outlay, targeting a niche buyer pool in the luxury market.

Compared to the nearby listings

Price:$4.20M vs avg $3.66M (+$534,812.5)59%
Size:1,697 sqft vs avg 2,711 sqft13%
Price/sqft:$2.5K vs avg $1.4K96%

More Insights

Built in 1948 (78 years old).
Condition: Despite being built in 1948, the property has been 'completely renovated' as stated in the description, which is strongly supported by the images. Both units feature beautiful, modern kitchens with sleek stone counters, custom cabinetry, and new stainless steel appliances. The bathrooms are also fully updated with contemporary vanities, fixtures, and tiling. New light wood flooring, modern light fixtures, custom wood doors, and a contemporary fireplace contribute to an overall virtually new and high-quality interior. All components appear to meet current quality standards with no visible deferred maintenance.
Year Built
1948
Close
-
List price
$4.2M
Original List price
$4.2M
Price/Sqft
$2,472
HOA
-
Days on market
-
Sold On
-
MLS number
2600899SD
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

Variance granted Detached. Amazing 2 unit investment opportunity w reimagined single-level. Perfectly positioned in the Beach Barber Tract area, west of the boulevard in La Jolla just a stroll away from renowned Windansea Beach. This residence offers modern luxury and endless potential. Completely renovated , it features 2-units; 2 bedroom, 1 bath, and1 bedroom,1 bath. Both units boast beautiful kitchens and in-unit laundry facilities. Every space has been optimized, with sleek stone kitchen counters, custom cabinetry, custom wood doors and open-concept living areas ideal for entertaining. Enjoy the income potential, making this an attractive investment w possibility to create two additional units and ADU. The two single-car garages offer versatility, suitable for conversion into a home office or gym. Parking is easy with two additional spaces and ample street parking. Windandsea Beach offers easy access to one of the most scenic beaches in La Jolla known for its picturesque sunsets and avid surf spot. Close proximity to Nautilus Street shopping, restaurants and coffee shops. Additionally, home is within walking distance to La Jolla high school known for its excellent academic standards and extensive community involvement. For one-of-a-kind luxury, this home delivers - with superb vacation rental potential, this home presents a very attractive option for a savvy investor and/or as a primary/secondary home for vacation-everyday living.

A
Alexandria Booth
Listing Agent
Condition Rating
Excellent
Despite being built in 1948, the property has been 'completely renovated' as stated in the description, which is strongly supported by the images. Both units feature beautiful, modern kitchens with sleek stone counters, custom cabinetry, and new stainless steel appliances. The bathrooms are also fully updated with contemporary vanities, fixtures, and tiling. New light wood flooring, modern light fixtures, custom wood doors, and a contemporary fireplace contribute to an overall virtually new and high-quality interior. All components appear to meet current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location: Perfectly positioned in La Jolla's desirable Beach Barber Tract, west of the boulevard, offering a short stroll to renowned Windansea Beach, Nautilus Street shopping, restaurants, and La Jolla High School.
Exceptional Investment & Income Potential: A rare two-unit property (2B/1B and 1B/1B) with strong income potential, including superb vacation rental possibilities, appealing to savvy investors or those seeking a primary/secondary home with revenue.
Significant Development & Expansion Opportunities: Variance granted for detached units, with the possibility to create two additional units and an ADU, offering substantial future value appreciation and increased income streams.
Completely Renovated with Modern Luxury: Both units are completely renovated with beautiful kitchens, sleek stone counters, custom cabinetry, custom wood doors, open-concept living areas, and in-unit laundry facilities, ensuring move-in readiness and modern appeal.
Ample & Versatile Parking: Features two single-car garages suitable for conversion into a home office or gym, plus two additional parking spaces and ample street parking, addressing a key urban convenience.

Cons

High Initial Investment: The list price of $4.195 million represents a substantial capital outlay, targeting a niche buyer pool in the luxury market.
Further Investment for Maximizing Potential: While offering significant development potential (additional units/ADU), realizing these opportunities will require further substantial investment in construction and permitting costs beyond the purchase price.
Limited Explicit Private Outdoor Space: The description does not highlight extensive private outdoor living areas for each unit, which might be a consideration for luxury buyers or tenants seeking dedicated personal outdoor retreats.
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