1221 Virginia Way, La Jolla, CA 92037

$3,498,000 Approx. USD 4 beds, 2 baths
2,327 sqft

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Brochure

Photo of Jamaica Grace

Marketed By Jamaica Grace REALTOR® - Sales Associate 619-316-0423 m
858-551-7271 o
Lic#: 01339956
NRDS ID: 196519212
Jamaica@JamaicaGrace.com La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275

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Agent Remarks

In the heart of La Jolla Village, a rare street-to-street parcel spanning Virginia Way to Olivet Street pairs a beautifully renovated main residence with uncommon long-term versatility. Few Village properties combine turnkey living today with approvals and groundwork already in place for what comes next. The 1,749-square-foot, 4-bedroom, 2-bath home is updated and move-in ready, centered around a welcoming living room with wood-burning fireplace, oak flooring, and an open kitchen and dining area that flows directly to a private outdoor entertaining patio with fire pit, BBQ, and dining space. Recent improvements include central heating and air conditioning, tankless water heater, new roof, refreshed bathrooms, and full-size LG washer and dryer. Outdoor spaces include a fully enclosed front yard framed by a white picket fence, custom brick herringbone patio, lawn, mature landscaping, and a private rear patio supporting effortless indoor-outdoor living. The driveway accommodates tandem parking. A 578-square-foot separate structure on the Olivet Street side has been substantially prepared, accompanied by plans and approvals for redevelopment including a proposed 1,523-square-foot residence with subterranean garage and a 773-square-foot ADU, along with a nearly complete SB9 lot split. Proven rental history provides established income potential alongside future expansion or redevelopment opportunities.

Listing Details

Property type: Detached (Single Family)

Status: PENDING

MLS# 260005824

List price is $3,498,000 Reduced by $500,000 on 4/9/2026

Price: $3,498,000

HOA Fee is $0.00

Beds: 4

Baths: 2 (2 full)

FP in Living Room fireplaces

Built in 1977

2,327 sqft