7784 Lookout Drive, La Jolla, California 92037, La Jolla, 92037 - 5 bed, 6 bath
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La Jolla, California 92037
This Single Family Residence is a Strong Value Opportunity, listed at $4,689,000—positioned well below the $5,142,497 Fair Market Value by 8%. This valuation gap offers $453,497 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, the home offers Panoramic Ocean Views, a Chef’s Kitchen, and an Attached Guest Apartment. Located in the top-tier La Jolla School District, this property is an ideal acquisition for Owner-Occupants seeking a coastal lifestyle or Long-Term Investors prioritizing location and flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7784 Lookout Drive Subject | $4,395,000* List Price | 5 | 6 | 3,597 | $1,304 | - |
A 1705 Valdes Dr Sold | $4,440,000 | 4 | 5 | 3,836 | $1,157 | 0.4 mi |
B 1224 Virginia Way Sold | $5,500,000 | 4 | 6 | 3,856 | $1,426 | 0.8 mi |
C 7240 Caminito Cruzada Sold | $3,505,000 | 3 | 2 | 2,307 | $1,519 | 0.8 mi |
D 7911 El Paseo Grande Active | $5,385,000 List Price | 5 | 6 | 3,985 | $1,351 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1997 (29 years old), the property presents in move-in ready condition with significant updates. The kitchen features modern stainless steel premium appliances, white cabinetry, and stone countertops that appear to be from a renovation within the last 5-15 years. The interior shows well-maintained hardwood floors, updated lighting, and en-suite baths for all bedrooms, meeting the criteria for a well-maintained, functional home.
Elementary School: La Jolla Elementary School (9/10).
Situated in the prestigious La Jolla Shores, the property offers sweeping coastline and ocean views from multiple levels, complemented by seamless indoor-outdoor living spaces and proximity to top-rated schools.
The inclusion of an attached guest apartment with a private entrance and an existing elevator shaft provides significant long-term value and versatile options for multi-generational living or a home office.
At 6,776 square feet, the lot is relatively compact for the $4.6M+ price point, which may limit outdoor yard utility compared to other luxury estates in the area.
While the home features an elevator shaft and potential conversion spaces, these require additional buyer investment to become fully functional, which may be a deterrent despite the 'motivated seller' status.
MOTIVATED Sellers! A premium opportunity in La Jolla Shores, this light-filled residence captures sweeping ocean views from multiple levels, with view-forward living spaces that open to generous terraces for effortless indoor-outdoor living and entertaining. The well-appointed kitchen features premium appliances, ample storage, and thoughtful function throughout. Each bedroom offers a private en-suite bath, creating comfort and privacy for residents and guests alike. Adding exceptional flexibility, the attached guest apartment includes a private entrance, balcony, and versatile living or office space. An elevator shaft is already in place, offering future convenience and long-term value in one of La Jolla’s most sought-after coastal settings. **Two oversized storage rooms (one potential conversion to additional living space)
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 6.0 | 3.0 | 86% |
| Square foot | 3,597 | 2,778 | 76% |
| Lot Size | 6,776 | 7,573 | 46% |
| Price | $4.39M | $3.55M | 63% |
| Price per sq ft | $1.2K | $1.4K | 35% |
| Built year | 1997 | 1981 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 143 | 10% |
Jun 7, 2026
$4,395,000
$4,689,000
-6% Price Drop
Initial Listing
May 8, 2026
$4,689,000
Initial Listing
Jul 24, 2023
$4,153,000
Public Record
Nov 8, 2021
$3,675,000
Public Record