5943 La Jolla Corona Drive, La Jolla, California 92037, La Jolla, 92037 - 3 bed, 2 bath
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5943 La Jolla Corona Drive
La Jolla, California 92037
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,922Sq Ft
12,800Lot Size
Property Price
LIST PRICE$3,295,000
EST. MARKET VALUE
$3,433,763
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $3,295,000—positioned well below the $3,433,764 Fair Market Value by 4%. This valuation gap offers $138,764 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home offers significant redevelopment potential on a 12,800 sqft lot with Panoramic Ocean Views. Served by Top-Rated Schools like Bird Rock Elementary (10/10), this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a prime La Jolla location.
Estimated Market Value
$3,433,763+$138,763 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 |
|---|---|---|---|---|---|---|
★ 5943 La Jolla Corona Drive Subject 3 bd · 2 ba · 1,922 sqft · $1,787 | $3,295,000* List Price | 3 | 2 | 1,922 | $1,787 | - |
A 5926 Germaine Ln Sold 3 bd · 2 ba · 2,027 sqft · $1,529 · 0.3 mi | $3,100,000 | 3 | 2 | 2,027 | $1,529 | 0.3 mi |
B 5825 Folsom Dr Sold 2 bd · 1 ba · 1,409 sqft · $1,739 · 0.2 mi | $2,450,000 | 2 | 1 | 1,409 | $1,739 | 0.2 mi |
C 5734 Waverly Ave Sold 2 bd · 2 ba · 1,552 sqft · $1,933 · 0.4 mi | $3,000,000 | 2 | 2 | 1,552 | $1,933 | 0.4 mi |
D 5920 La Jolla Pending 2 bd · 2 ba · 1,556 sqft · $1,793 · 0.5 mi | $2,790,000 List Price | 2 | 2 | 1,556 | $1,793 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1970 (56 years old) with no evidence of major interior renovations, the home is described as an 'older home' where the lot value is the primary focus. While 'comfortable,' the dated interior and the agent's emphasis on redevelopment and future remodeling suggest the systems and finishes require a full rehab to maximize the property's value.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12800, living area = 1922.
- Great Schools
Elementary School: Bird Rock Elementary School (10/10).
- Prime Coastal Views
The property features exceptional Pacific Ocean views from a quiet cul-de-sac location, further enhanced by a newly installed view deck and a large yard overlooking a canyon.
CONSRISKS & DEFICIENCIES
- Dated Architecture
Built in 1970, the existing structure does not fully capitalize on the ocean views and likely requires significant modernization to meet current luxury market standards.
- High Price per Square Foot
With a list price of nearly $3.3 million for a 1,922 sqft home, the value is heavily weighted in the land, necessitating a substantial additional budget for renovation or reconstruction.
About 5943 La Jolla Corona Drive
View, View, View on an older home not built to maximize it. Quiet Cul de Sac in great area overlooking the Pacific. 12,800 sf lot with new view deck and large yard plus canyon. Perfect for future remodel but comfortable as is. The lot alone is worth the price as redevelopment is a serious option. Don't miss this gem. Available for immediate move in.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1970
- Lot Size
- 12,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
La Jolla Unified Schools
Bird Rock Elementary School
Grades K-5 • 0.8 mi
10/10
La Jolla Elementary School
Grades K-5 • 1.2 mi
9/10
Muirlands Middle School
Grades 6-8 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.1 |
| Baths | 2.0 | 3.7 |
| Square foot | 1,922 | 2,784.514 |
| Lot Size | 12,800 | 12,220.286 |
| Price | $3.29M | $3.49M |
| Price per sq ft | $1.7K | $1.2K |
| Built year | 1970 | 1981 |
| HOA | $0 | $515 |
| Days on market | 24 | 58 |
Pricing History
Listed for Sale
Oct 1, 2026
$3,295,000
Initial Listing