6381 Castejon, La Jolla, California 92037, La Jolla, 92037 - 3 bed, 2 bath
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6381 Castejon
La Jolla, California 92037
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,950Sq Ft
27,800Lot Size
Property Price
LIST PRICE$2,999,500
EST. MARKET VALUE
$2,507,641
19% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $3,250,000—positioned well below the $3,282,733 Fair Market Value by 1%. This valuation gap offers $32,733 in Instant Equity for buyers. Featuring a 27,800 sqft usable lot and a Condition Rating of 6, the home serves as a prime redevelopment site in the Upper Muirlands. With proximity to top-rated schools like Bird Rock Elementary, this is an ideal acquisition for Luxury Developers or Custom Home Builders.
Estimated Market Value
$2,507,641
Based on Realkey algorithm analyzing recent comparable sales in La Jolla.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1959 (>50 years old) with no significant renovations mentioned, the property is explicitly marketed to developers for its 27,800 sqft lot value. While the interior appears maintained, the age and marketing focus on 'creativity' and 'showplaces' in a $10M+ estate area categorize this as a land-value/redevelopment opportunity.
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 = 27800, living area = 1950.
- Great Schools
Elementary School: Bird Rock Elementary School (10/10).
- Expansive Usable Lot
The property features a rare 27,800 square foot all-usable lot, providing an exceptional canvas for developers to build a significant luxury estate in a high-demand area.
CONSRISKS & DEFICIENCIES
- Dated and Undersized Structure
Built in 1959, the existing 1,950 square foot residence is significantly undersized for the lot and likely requires a complete teardown or major renovation to meet modern luxury standards.
- High Capital Requirement
With a $3.25 million entry price for what is primarily land value, a buyer will need substantial additional liquidity to fund the construction necessary to reach the neighborhood's peak market value.
About 6381 Castejon
Developers and remodelers—this home is the property you have been waiting for. Located in the Upper Muirlands in an area where estates have sold for more than $10,000,000 and boasting a 27,800 square foot all usable lot, this sweet single level 1950 square foot, 3 bedrooms, 2 bathroom home was built in 1959 and has a concrete tile roof, a two car garage, an interior laundry and hardwood floors. Some lucky buyer is going to bring a splash of creativity to this site and make 6381 Castejon one of La Jolla’s showplaces.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 27,800 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
La Jolla Elementary School
Grades K-5 • 1.4 mi
9/10
Bird Rock Elementary School
Grades K-5 • 1.7 mi
10/10
Muirlands Middle School
Grades 6-8 • 1.2 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 | 1,950 | 2,784.514 |
| Lot Size | 27,800 | 12,220.286 |
| Price | $3.00M | $3.49M |
| Price per sq ft | $1.5K | $1.2K |
| Built year | 1959 | 1981 |
| HOA | $0 | $515 |
| Days on market | 46 | 58 |
Pricing History
Listed for Sale
Oct 14, 2026
$2,999,500
$3,250,000
-8% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$3,250,000
Initial Listing