521 Arenas, La Jolla, California 92037, La Jolla, 92037 - 6 bed, 4 bath
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521 Arenas
La Jolla, California 92037
ACTIVE
CONDITION: EXCELLENT
6Beds
4Baths
2,206Sq Ft
3,998Lot Size
Property Price
LIST PRICE$3,295,000
EST. MARKET VALUE
$3,413,125
3% BelowMARKET VALUE
SUMMARY
This versatile coastal property represents a High-Potential Investment Opportunity, listed at $3,295,000—positioned well below the $3,413,126 Fair Market Value by 3%. This valuation gap provides $118,126 in Instant Equity. Featuring a Mint Condition Rating and dual 3BR/2BA units, the home offers significant rental flexibility near Windansea Beach. With Top-Rated Schools like La Jolla Elementary (9/10) nearby, this is a premier asset for Buy-and-Hold Investors or Owner-Occupants seeking a luxury coastal lifestyle with income-producing potential.
Estimated Market Value
$3,413,125+$118,125 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 |
|---|---|---|---|---|---|---|
★ 521 Arenas Subject | $3,295,000* List Price | 6 | 4 | 2,206 | $1,547 | - |
A 7355 Fay Avenue Sold | $3,198,000 | 4 | 4 | 2,100 | $1,523 | 0.3 mi |
B 6411 Dowling Dr Sold | $4,200,000 | 5 | 4 | 3,068 | $1,369 | 0.6 mi |
C 533 Bonair Way Pending | $2,500,000 List Price | 4 | 3 | 1,753 | $1,426 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1973 build date, the property has undergone a high-end renovation within the last 5 years. Interior images show a modern kitchen with white shaker cabinets and stone countertops, updated bathrooms with contemporary tiling and vanities, new flooring, and the installation of modern mini-split HVAC systems. The property is in mint, move-in-ready condition suitable for its current use as a luxury vacation rental.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: La Jolla Elementary School (9/10).
- Prime Coastal Location
Situated just blocks from the iconic Windansea Beach and the vibrant La Jolla Village, this property offers an unbeatable lifestyle and high demand for coastal living.
- High Investment Versatility
Featuring two spacious 3BR/2BA units with a variance for alternate property class, the home provides flexible options for vacation rentals, multi-generational living, or owner-occupancy with rental income.
CONSRISKS & DEFICIENCIES
- High Density for Square Footage
With 6 bedrooms and 4 bathrooms distributed across 2,206 square feet, the individual living spaces and bedrooms may feel compact compared to modern luxury standards.
- Limited Lot Size
The 3,998 square foot lot is relatively small for a dual-unit property, which may limit private outdoor space and create a sense of high density between the two residences.
About 521 Arenas
Variance granted for Alternate Property Class! Exceptional coastal investment opportunity just blocks away from iconic Windansea Beach! This versatile property features two spacious 3BR/2BA units, currently operating as successful vacation rentals, offering outstanding flexibility for investors, owner-occupants, or multi-generational living. The larger, upstairs unit showcases beautiful ocean views and a private balcony, while the downstairs unit enjoys its own secluded yard, ideal for seamless indoor-outdoor coastal living. Each unit includes a detached 1 car-garage along with abundant additional off-street parking - a rare and highly valuable amenity in this coveted beachside location. Just moments from world class beaches, renowned dining, upscale shopping, and the vibrant village lifestyle of La Jolla, this is a rare opportunity to own a highly versatile income-producing property in one of South California's most sought-after coastal communities!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 3,998 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
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 • 0.5 mi
9/10
Muirlands Middle School
Grades 6-8 • 0.5 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 | 6.0 | 4.0 |
| Baths | 4.0 | 3.7 |
| Square foot | 2,206 | 2,809.518 |
| Lot Size | 3,998 | 12,330.107 |
| Price | $3.29M | $3.70M |
| Price per sq ft | $1.5K | $1.3K |
| Built year | 1973 | 1980 |
| HOA | $0 | $548 |
| Days on market | 47 | 55 |
Pricing History
Listed for Sale
Jul 24, 2026
$3,295,000
Initial Listing
Sold
May 15, 2019
$1,550,000
Public Record
Sold
May 10, 2005
$1,200,000
Public Record