$2,700,000
●
House -
Off Market
1381 W Muirlands Drive
La Jolla, CA 92037
3 Beds
3 Baths
1,710 Ft²
$13,503
Est. Monthly
About This Property
Rare chance to secure a property with horizon ocean views from both
the front and rear yards, all while enjoying convenient
single-level living just minutes from the Village, beaches, and
top-rated schools. The current home reflects its vintage charm with
open beam ceilings, a classic brick hearth, and wood
board-and-batten exterior detailing. Positioned on a spacious,
mostly flat 0.3-acre parcel, the residence occupies only a portion
of the site, offering significant room to expand, redesign, or
build anew. Adding a second level could further enhance the ocean
views. A sweeping semicircular driveway and front-facing garage
provide generous parking and create separation from the street. For
buyers with vision, this property offers an exciting opportunity to
unlock its full potential.
Unit Size
1,710 Ft²
Days on Market
23 days
Land Size
0.30 acres
Price per sqft
$1,608
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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: 7 months ago (SDMLS #NDP2602233)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Mar 9, 2026 | Listed by Willis Allen Real Estate | $2,750,000 | |
| Listed by Willis Allen Real Estate | |||
| Oct 1, 2025 | Price Decreased |
$2,800,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| May 28, 2025 | Listed | $2,900,000 | |
| Listed | |||
| | |||
|
This prime opportunity offers single-level living with horizon ocean views from the front & rear yards and is just a few minutes from the Village, beaches and top-rated schools. This vintage home includes charming features like open beamed ceilings, brick fireplace and wood board-and-batten siding, and is undersized for the generous, mostly flat 0.3 acre lot, offering incredible potential for personalizing or complete reimagining - including the option to add a second story to fully capture the ocean views. A crescent-shaped driveway and front facing garage provide ample parking and a buffer to the street exposure. With a little vision & creativity, this can be transformed to its full potential and will be an opportunity missed if not acted on urgently!
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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: 7 months ago
Data Source: CRMLS, MLS# NDP2602233
Last Updated: 7 months ago
Data Source: CRMLS, MLS# NDP2602233
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