
La Jolla, California 92037
This property presents a High-Potential Investment Opportunity with a List Price of $2,545,000—positioned well below the $2,595,000 Fair Market Value by 2%. This valuation gap offers $50,000 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant upside through a 3,600 square foot expansion and junior ADU conversion. With its Prime Bird Rock Location and partial ocean views, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5421 Linda Rosa Subject 3 bd · 3 ba · 1,516 sqft · $1,712 | $2,545,000* List Price | 3 | 3 | 1,516 | $1,712 | - |
A 646 Wrelton Drive Sold 3 bd · 2 ba · 1,598 sqft · $1,800 · 0.4 mi | $2,876,300 | 3 | 2 | 1,598 | $1,800 | 0.4 mi |
B 5920 La Jolla Sold 2 bd · 2 ba · 1,556 sqft · $1,719 · 0.8 mi | $2,675,000 | 2 | 2 | 1,556 | $1,719 | 0.8 mi |
C 5734 Waverly Ave Sold 2 bd · 2 ba · 1,552 sqft · $1,933 · 0.5 mi | $3,000,000 | 2 | 2 | 1,552 | $1,933 | 0.5 mi |
D 5669 Bellevue Avenue Pending 3 bd · 2 ba · 1,908 sqft · $1,520 · 0.4 mi | $2,900,000 List Price | 3 | 2 | 1,908 | $1,520 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, the property features a dated kitchen with older white appliances and fluorescent lighting, along with bathrooms that appear to be 20+ years old. While the original hardwood floors are well-maintained and the home is functional, the listing explicitly suggests it as a 'canvas' for a refresh or a total rebuild, placing it in the Fair category due to age and the need for modern updates.
The property offers exceptional upside with the ability to expand the footprint up to 3,600 square feet and convert an existing garage into a 300 square foot junior ADU.
Situated in one of La Jolla's most desirable coastal pockets, this elevated west-facing lot provides excellent natural light and peak ocean views from the upper level.
The home features timeless 'good bones,' including original hardwood floors, an open-concept main living area, and expansive walls of windows that create a bright, airy atmosphere.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6000, other record lot size in square feet = 11967.
Built in 1955, the home requires a refresh of finishes and likely system updates, which will necessitate additional immediate capital investment from the buyer.
With a list price exceeding $2.5M for just over 1,500 square feet, the property carries a high price-per-square-foot that reflects land value more than the current structure's utility.
Elevated above the street and facing west in one of Bird Rock's most sought after pockets, this home sits on 6,000 square foot lot with room to dream. The bones are beautiful: original hardwood floors, walls of windows that fill every room with natural light, and an open main living area that flows as one great room. All three bedrooms live upstairs, two of them have some peak ocean views. Out back, a spacious yard offers plenty of room for a pool alongside a garden patio which makes an easy spot for outdoor entertaining or soaking up the sun. Move in and refresh the finishes over time, or use this as your canvas. Buyers looking to build have the potential to construct up to 3,600 square feet and truly capture the view, and there's added flexibility to convert one of the garages into a roughly 300 square foot studio junior ADU. A rare combination of location, light, and possibility in the heart of Bird Rock.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.1 |
| Baths | 3.0 | 3.7 |
| Square foot | 1,516 | 2,784.514 |
| Lot Size | 6,000 | 12,220.286 |
| Price | $2.54M | $3.49M |
| Price per sq ft | $1.7K | $1.2K |
| Built year | 1955 | 1981 |
| HOA | $0 | $515 |
| Days on market | 34 | 58 |
Oct 18, 2026
$2,545,000
$2,595,000
-2% Price Drop
Initial Listing
Sep 21, 2026
$2,595,000
Initial Listing
Feb 22, 2023
$2,425,000
Public Record