
La Jolla, California 92037
This Generational Coastal Asset represents a High-Potential Investment Opportunity, listed at $3,899,000—positioned well below the $4,044,926 Fair Market Value by 3%. This valuation gap offers $145,926 in Instant Equity. Featuring a Condition Rating of 5, the property requires modernization, yet its Panoramic Ocean Views and Multigenerational Floor Plan provide a rare foundation for a custom luxury residence. Located near Torrey Pines Elementary (9/10), this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a legacy coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8463 Paseo Del Ocaso Subject | $3,899,000* List Price | 5 | 4 | 2,952 | $1,370 | - |
A 8328 Paseo Del Ocaso Sold | $4,250,000 | 4 | 3 | 2,836 | $1,499 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1946 and held by the same family for over 60 years, the property is in original or significantly dated condition. The two kitchens and bathrooms feature 30-50 year old finishes, including laminate countertops and aged electric coil appliances. While functional, the home requires a full-scale rehabilitation or custom rebuild to meet modern luxury standards.
Elementary School: Torrey Pines Elementary School (9/10).
Situated just steps from the iconic La Jolla Shores beach and the vibrant Avenida de la Playa, this property offers an unparalleled coastal lifestyle in one of San Diego's most prestigious and walkable neighborhoods.
The flexible floor plan includes two fully equipped kitchens and nearly 3,000 square feet of living space, providing an ideal setup for extended family, guest quarters, or potential rental opportunities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2946, other record living area = 1760. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1946 and held by the same family for over 60 years, the home likely requires significant modernization or a complete architectural renovation to meet the expectations of today's luxury buyers.
The 5,497-square-foot lot is relatively compact for the $3.9M price point, which may restrict options for those seeking extensive private yard space or large-scale outdoor amenities.
Extraordinary homes deserve extraordinary locations, and few compare to this one. Welcome to La Jolla Shores, where this rare generational offering presents an exceptional opportunity to own just a half dozen homes from one of Southern California's most iconic beaches. Lovingly held by the same family for more than 60 years, this is more than a home—it's an opportunity to create a legacy in one of San Diego's most coveted coastal neighborhoods. Offering just under 3,000 square feet, the residence captures the relaxed elegance of La Jolla's beach lifestyle open-beam ceilings, expansive walls of glass that bathe the home in natural light, ocean views, Soledad Mountain vistas, and views toward the iconic La Jolla Cove and the Shores Beach. The flexible floor plan includes two fully equipped kitchens, making it ideal for multigenerational living, extended family, guests, or creating private living quarters. Move in and enjoy this cherished family home as it is today, or bring your own architectural vision to create a custom luxury beach home worthy of this extraordinary location. Life here is all about the lifestyle. Begin your mornings with a walk along the sand, launch a kayak or paddleboard into the calm waters of La Jolla Shores, snorkel or scuba dive through the world-famous La Jolla Underwater Park, or enjoy a leisurely walk to the landmark Scripps Pier, one of Southern California's most recognizable coastal icons. Just minutes away, legendary Black's Beach offers one of California's premier surfing destinations, while the surrounding coastline provides endless opportunities for swimming, fishing, boating, tide pooling, and year-round outdoor recreation. Just a few blocks from the home, Avenida de la Playa has become the vibrant heart of La Jolla Shores, offering an inviting collection of cafés, wine bars, restaurants, boutique shopping, surf and snorkel outfitters, and a welcoming village atmosphere. Enjoy waterfront dining at the world-famous Marine Room, celebrated for its unforgettable high-tide dining experience, or spend the day enjoying the exclusive coastal ambiance surrounding the prestigious La Jolla Beach & Tennis Club. Whether meeting friends for coffee, renting paddleboards, enjoying fresh seafood, or watching the sunset after a day at the beach, everything that makes La Jolla Shores one of California's most desirable communities is just moments from your front door. Generational opportunities like this seldom become available. Whether you're searching for a full-time residence, an elegant coastal retreat, or a long-term investment in one of Southern California's most prestigious beach communities, this home offers an exceptional combination of location, lifestyle, flexibility, and future potential. Imagine designing your dream luxury residence while preserving the warmth and character that have made this home a treasured family gathering place for decades. This is more than a home—it is an invitation to experience the very best of La Jolla Shores, where world-class beaches, surfing, sailing, kayaking, fine dining, boutique shopping, renowned coastal landmarks, and timeless California living come together just steps from your front door. Opportunities to own in this extraordinary location are rare. Opportunities like this are unforgettable.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 2,952 | 2,834 |
| Lot Size | 5,497 | 16,094 |
| Price | $3.90M | $3.68M |
| Price per sq ft | $1.3K | $1.4K |
| Built year | 1946 | 1980 |
| HOA | $0 | $562 |
| Days on market | 13 | 60 |
Jul 10, 2026
$3,899,000
Initial Listing