
La Jolla, California 92037
This property presents a High-Potential Investment Opportunity with a List Price of $2,985,000—positioned well below the $3,020,429 Fair Market Value by 1%. This valuation gap offers $35,429 in Instant Equity. Featuring a Condition Rating of 5, the home requires a full renovation, yet its 6,500 sqft lot and potential for ocean views provide significant upside. Located in the Bird Rock neighborhood near 10/10 rated Bird Rock Elementary, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a luxury rebuild.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 646 Wrelton Drive Subject | $2,985,000* List Price | 3 | 2 | 1,598 | $1,890 | - |
A 5617 Taft Ave Sold | $2,400,000 | 3 | 2 | 1,292 | $1,858 | 0.6 mi |
B 5734 Waverly Ave Sold | $3,000,000 | 2 | 2 | 1,552 | $1,933 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958, this property is nearly 70 years old and appears to be in mostly original or significantly dated condition. The kitchen features 30+ year old cabinetry and appliances, and the living areas contain dated wall-to-wall carpeting and original wood trim. The listing description explicitly frames the property as a renovation project or a site to build a new home, indicating that the systems and interior finishes have reached the end of their functional lifespan and require a full rehab.
Elementary School: Bird Rock Elementary School (10/10).
Situated in the highly coveted Bird Rock neighborhood, the property is just blocks from Tourmaline Beach, Calumet Park, and vibrant local boutiques, offering an unparalleled coastal lifestyle.
The generous 6,500 sqft lot and the potential to capture ocean views with a second-story addition provide a rare opportunity for a high-end custom renovation or a complete luxury rebuild.
Built in 1958 and featuring original elements like hidden hardwood under carpet, the home requires a substantial capital investment to modernize its systems and aesthetic to current luxury standards.
At a list price of nearly $3 million for approximately 1,598 square feet of living space, the entry cost is high for a property that necessitates extensive remodeling or reconstruction.
Nestled in the heart of La Jolla’s coveted Bird Rock neighborhood, this charming single-level beach bungalow presents a rare opportunity to create your dream coastal retreat. Offering 3 bedrooms, 2 bathrooms, and approximately 1,598 square feet of living space, the home is brimming with character, potential, and possibilities. Situated on a quiet residential street just moments from Tourmaline Beach, Calumet Park, local cafés, boutiques, and some of Bird Rock’s most beloved restaurants, the location is truly second to none. Original hardwood floors are believed to be hidden beneath the existing carpet, offering an exciting opportunity to restore the home’s vintage charm. This property is ready for its next chapter. Whether you’re looking to renovate, reimagine, or build upon its potential, opportunities like this are becoming increasingly rare in one of La Jolla’s most sought-after coastal communities. The generous lot, detached garage, and long driveway provide flexibility for future improvements, while the possibility of capturing ocean views with a second story further enhances the property’s appeal. Bring your vision and unlock the full potential of this Bird Rock gem, just blocks from the sand, surf, and vibrant coastal lifestyle that make La Jolla one of Southern California’s premier destinations.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,598 | 2,834 |
| Lot Size | 6,500 | 16,094 |
| Price | $2.98M | $3.68M |
| Price per sq ft | $1.9K | $1.4K |
| Built year | 1958 | 1980 |
| HOA | $0 | $562 |
| Days on market | 47 | 60 |
Jun 5, 2026
$2,985,000
Initial Listing
May 13, 2024
$2,607,000
Public Record