
La Jolla, California 92037
This Prime Coastal Development Asset is listed at $2,900,000 in the prestigious Lower Hermosa enclave. While the $2,683,719 Fair Market Value reflects the structure's Condition Rating of 5, the value is anchored in the generous 8,214 sqft lot featuring a private courtyard patio just steps from the shoreline. Located within the 10/10 Bird Rock Elementary School zone, the site offers a rare "blank canvas" for a luxury transformation or vertical expansion to capture ocean views. This is an exceptional opportunity for Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5920 La Jolla Subject | $2,900,000* List Price | 2 | 2 | 1,556 | $1,728 | - |
A 5734 Waverly Ave Sold | $3,000,000 | 2 | 2 | 1,552 | $1,933 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959 with no evidence of significant renovations, the property is over 60 years old and features dated popcorn ceilings, original architectural elements, and aging systems. The listing explicitly describes the home as a 'canvas for custom renovation' and a 'rare opportunity to reimagine,' signaling that a full rehab is required to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8214, living area = 1556.
Elementary School: Bird Rock Elementary School (10/10).
Situated in the prestigious Lower Hermosa enclave, the property is just a two-minute walk from the shoreline and within close proximity to the upscale dining and boutiques of Bird Rock.
Built in 1959, the residence likely requires substantial modernization and structural updates to meet the expectations of contemporary luxury buyers in the La Jolla market.
With only 1,556 square feet of living space at a $2.9M price point, the value is heavily concentrated in the land, which may deter buyers not looking for a major construction project.
Set in the coveted Lower Hermosa enclave of La Jolla, this exceptional property presents a rare opportunity to reimagine a coastal estate in one of Southern California’s most desirable neighborhoods. Positioned on a generous lot and framed by mature, lush landscaping, the residence offers a serene sense of privacy just moments from the shoreline. A semicircular private driveway creates an elegant approach, leading to a charming courtyard entry that sets the tone for the home’s tranquil, indoor-outdoor living experience. Existing architecture opens naturally to the surrounding greenery, with expansive potential to enhance and modernize while preserving its unique character. The grounds and layout provide an ideal canvas for a custom renovation or future expansion, including the possibility to build up and capture even greater value and expansive ocean views. Located just a short stroll—approximately two minutes—to the beach, the home also offers close proximity to the vibrant dining and boutique scene of Bird Rock. This is a rare chance to secure a prime piece of real estate in Lower Hermosa, where location, lot, and lifestyle converge. With its unbeatable setting, verdant surroundings, and tremendous upside potential, this property is an extraordinary opportunity to create a bespoke coastal retreat in the heart of La Jolla Boulevard’s most prestigious corridor.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 2.0 | 3.0 | 21% |
| Square foot | 1,556 | 2,764 | 13% |
| Lot Size | 8,214 | 7,615 | 55% |
| Price | $2.90M | $3.54M | 32% |
| Price per sq ft | $1.9K | $1.4K | 86% |
| Built year | 1959 | 1980 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 145 | 11% |
Apr 30, 2026
$2,900,000
Initial Listing
Jul 26, 2002
$627,500
Public Record