1138 Virginia Way, La Jolla, California 92037, La Jolla, - bed, bath

home-pic
ACTIVE$2,195,000
1138 Virginia Way, La Jolla, California 92037
2Beds
2Baths
1,040Sqft
3,925Lot
Year Built
2019
Close
-
List price
$2.19M
Original List price
$2.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2504214
Home ConditionExcellent
Features
Good View: Neighborhood
Deck
ViewNeighborhood

About this home

Experience unmatched charm, convenience and value at this authentic village craftsman style bungalow in La Jolla! The curb appeal alone is captivating but the location, features and opportunity are what is so intriguing. Offered with the tenant’s lease in place ($4675/mo through Dec ‘25) this is a phenomenal investment with development and expansion potential as well as potential historicity. The home features 2 BR, 1BA, an open kitchen and living area as well as a detached office with another half bath and a detached 1 car garage with alley access. Exterior spaces include the generous covered front porch or private rear deck. It is incredibly rare to find a home of this age in this condition with the architectural integrity let alone fee simple ownership at this price in this location!

Nearby schools

9/10
La Jolla Elementary School
Public,K-50.2mi
8/10
Muirlands Middle School
Public,6-80.7mi
8/10
La Jolla High School
Public,9-120.7mi

Price History

Date
Event
Price
10/08/25
Price Change
$2,195,000-8.4%
04/30/25
Listing
$2,395,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (146 Listings)
Beds24
8%
Baths24
19%
Square foot1,0402,662
3%
Lot Size3,92513,726
4%
Price$2.19M$3.5M
12%
Price per square foot$2,111$1,373
92%
Built year20191976
92%
HOA
Days on market189169
62%
Condition Rating
Excellent

This property was built in 2019, making it only 5 years old. This aligns perfectly with the 'excellent' criteria for being newly built or extensively renovated within the last 5 years. While interior images are not provided, it is a strong and reasonable assumption that a home built in 2019 would feature modern kitchen and bathroom designs, new appliances, contemporary light fixtures, and all major systems (HVAC, electrical, plumbing) would be virtually new and in excellent working order, with no deferred maintenance. The exterior images show a well-maintained and charming craftsman bungalow.
Pros & Cons

Pros

Prime La Jolla Location: Situated in the highly desirable La Jolla village, offering unmatched charm, convenience, and a prestigious address that enhances property value and lifestyle.
Strong Investment Potential: Features a guaranteed rental income of $4,675/month through December 2025, providing immediate cash flow, and explicitly offers development and expansion potential for future value appreciation.
Modern Construction with Classic Charm: Built in 2019, this authentic village craftsman style bungalow combines the benefits of newer construction (e.g., modern systems, reduced immediate maintenance) with captivating curb appeal and architectural integrity.
Versatile Detached Structures: Includes a detached office with a half bath, ideal for remote work or guest space, and a detached 1-car garage with convenient alley access, adding significant utility and flexibility.
Excellent School District: Located within the highly-rated San Diego Unified School District, with top-tier elementary, middle, and high schools (La Jolla Elementary, Muirlands Middle, La Jolla High) in close proximity.

Cons

Limited Main House Bathrooms: The main residence features only one full bathroom for two bedrooms, which may be inconvenient for occupants or limit appeal for some buyers.
Smaller Square Footage for Price Point: With 1040 sqft of living space, the property is relatively compact for its prestigious La Jolla location and price point, potentially limiting appeal to buyers seeking larger homes.
Tenant Occupancy Until Dec '25: While providing income, the existing tenant lease restricts immediate owner-occupancy or significant renovation/development plans until the lease term concludes in December 2025.

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