
La Jolla, California 92037
This property presents a High-Potential Investment Opportunity with a List Price of $3,995,000, currently aligned with its $3,995,000 Fair Market Value. Featuring a Condition Rating of 6, the existing 1959 structure serves as a blank canvas for a bespoke coastal estate. The expansive 20,600 sqft lot offers exceptional development potential, including Panoramic Ocean Views and a private pool. Zoned for Top-Rated Schools like Bird Rock Elementary (10/10), this is a premier acquisition for Luxury Developers or Owner-Occupants seeking to build a custom dream home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6432 Cardeno Dr Subject 4 bd · 2 ba · 2,067 sqft · $1,933 | $3,995,000* List Price | 4 | 2 | 2,067 | $1,933 | - |
A 6381 Castejon Active 3 bd · 2 ba · 1,950 sqft · $1,667 · 0.0 mi | $3,250,000 List Price | 3 | 2 | 1,950 | $1,667 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1959 with no evidence of major renovations, the property is explicitly marketed as a 'blank canvas' to 'build your dream home.' The inclusion of architectural renderings for a new estate and the focus on land value and panoramic views confirm the existing structure is a tear-down.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20600, living area = 2067.
Elementary School: Bird Rock Elementary School (10/10).
The property offers sweeping, unobstructed ocean vistas and privacy, providing a premium coastal atmosphere that significantly enhances its market value and appeal.
Built in 1959, the current 2,067 sqft home is likely under-improved for the lot's value and will require a total teardown or extensive, costly modernization.
With a list price exceeding $4 million, the property represents a significant initial investment primarily for the land, requiring substantial additional capital for development.
Build your ocean-view dream home on nearly half an acre in La Jolla. Perched for sweeping vistas, this special parcel offers unfettered potential with no CC&Rs and privacy. A classic single-level residence greets you via a brick circular driveway; beyond, a sun-drenched courtyard centers on a pool and spa framed by panoramic views. Your new dream home’s second story would feature even more extensive 270-degree ocean views and sweeping downtown skyline views! This property is a blank canvas for a bespoke coastal estate.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 1.8 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.1 |
| Baths | 2.0 | 3.7 |
| Square foot | 2,067 | 2,784.514 |
| Lot Size | 20,600 | 12,220.286 |
| Price | $4.00M | $3.49M |
| Price per sq ft | $1.9K | $1.2K |
| Built year | 1959 | 1981 |
| HOA | $0 | $515 |
| Days on market | 123 | 58 |
Sep 2, 2026
$3,995,000
$4,195,000
-5% Price Drop
Initial Listing
Jun 24, 2026
$4,195,000
Initial Listing