
La Jolla, California 92037
This property presents a High-Potential Investment Opportunity with a List Price of $3,995,000—positioned well below the $4,019,444 Fair Market Value by 0.6%. Featuring $24,444 in Instant Equity, this home offers a rare canvas for customization. With a Condition Rating of 4, the structure is sound but ready for modernization. Its prime location near La Jolla Elementary (9/10) and sweeping 180-degree ocean views make it a premier Buy-and-Hold Investor asset or a dream project for Owner-Occupants seeking long-term value.
Rare La Jolla ocean-view home on Pepita Way. 3BR/3BA, 2186 sqft, large lot with development potential. Near top-rated schools. Prime investment opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7556 Pepita Way Subject | $3,995,000* List Price | 3 | 3 | 2,186 | $1,839 | - |
A 7240 Caminito Cruzada Sold | $3,505,000 | 3 | 2 | 2,307 | $1,519 | 0.9 mi |
B 7303 Eads Ave Sold | $2,875,000 | 3 | 3 | 2,103 | $1,367 | 0.5 mi |
C 7715 Whitefield Pl Sold | $4,400,000 | 3 | 4 | 2,691 | $1,635 | 0.4 mi |
D 351 Fern Glen Sold | $2,980,000 | 3 | 2 | 1,945 | $1,532 | 0.9 mi |
E 7651 Country Club Drive Active | $3,885,000 List Price | 3 | 4 | 2,814 | $1,381 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the home is nearly 40 years old. While the structure is well-maintained and functional, the kitchen and bathrooms are significantly dated, featuring original-style cabinetry and tile countertops. It meets the criteria for a property over 20 years old requiring cosmetic updates to reach modern standards.
Elementary School: La Jolla Elementary School (9/10).
Perched on a promontory, the property offers rare 180-degree white water ocean, coastline, and hillside views that are protected and expansive.
Located on one of La Jolla’s most private and beloved streets, the home provides a rare combination of quiet seclusion and high walkability to world-class dining and shops.
Built in 1985, the home may require significant interior updates or a full remodel to align with contemporary luxury expectations and maximize its market value.
With a list price near $4 million for approximately 2,186 square feet, the property commands a high price per square foot, reflecting its land and view value over the existing structure's size.
For the first time ever, one of La Jolla's most coveted addresses is available. And it's easy to see why it has never changed hands before now: Perched on a promontory at a gentle curve on Pepita, this modern in-village home commands sweeping, unobstructed views and territorial vistas that stretch more than 180 degrees! Watch evening lights flicker to life over the hillsides. Marvel at white water ocean views that shift with the tide. End every day with sunsets that simply don't get old. The home itself is a well-constructed two-story with high ceilings, a minimalistic aesthetic, and a layout that moves effortlessly from room to room. A charming entry courtyard sets the tone, while a generous back deck puts you front and center for all that the view has to offer. One bedroom is tucked conveniently downstairs; two more, including a spacious primary suite, are upstairs. Pepita is one of La Jolla's most beloved streets for a reason. It delivers something rare: genuine quiet and privacy, walkability to the village, and the Pacific Ocean views. The large lot, running all the way from Pepita down to Mar Avenue, opens the door to real possibility. Move right in and enjoy it exactly as it is, add your own personal touches, or envision something entirely new - the canvas here is exceptional. Properties like this rarely become available.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,186 | 2,764 | 30% |
| Lot Size | 6,444 | 7,573 | 43% |
| Price | $4.00M | $3.55M | 56% |
| Price per sq ft | $1.8K | $1.4K | 81% |
| Built year | 1985 | 1981 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 142 | 8% |
Jun 1, 2026
$3,995,000
Initial Listing