$1,999,995
●
House -
Off Market
1138 Virginia Way
La Jolla, CA 92037
2 Beds
1 Bath,
1
Half Bath
1,040 Ft²
$10,312
Est. Monthly
About This Property
Experience timeless charm, exceptional convenience, and outstanding
value in this authentic Village Craftsman bungalow in La Jolla.
From the "white picket fence" curb appeal to the ideal location,
every aspect of this property presents a rare opportunity. This
home offers remarkable investment potential, with possibilities for
development and expansion. Inside, you'll find 2 bedrooms, 1
bath, and an open-concept kitchen and living area filled with
warmth and character. A detached office with a half bath provides
flexible space for work or guests, while the detached one-car
garage with alley access adds everyday practicality. Enjoy outdoor
living on the generous covered front porch or unwind on the private
rear deck. Homes of this era rarely come to market in such
well-preserved condition, retaining their architectural integrity -
especially with fee simple ownership - at this price point in such
a sought-after location-a truly exceptional opportunity in the
heart of La Jolla.
Unit Size
1,040 Ft²
Days on Market
82 days
Land Size
0.09 acres
Price per sqft
$2,019
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (SDMLS #NDP2602086)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| Apr 28, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Listed by Willis Allen Real Estate | $2,100,000 | |
| Listed by Willis Allen Real Estate | |||
| Oct 7, 2025 | Price Decreased |
$2,195,000
↓ $200K
(8.4%) | |
| Price Decreased | |||
| Apr 18, 2025 | Listed | $2,395,000 | |
| Listed | |||
| | |||
|
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!
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Northern San Diego
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Listed by: Drew Nelson, Willis Allen Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NDP2602086
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NDP2602086
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