1221 Virginia Way La Jolla, CA 92037 Open Sat 11AM-2PM

UPDATED: 03/12/2026 07:54 PM ON MARKET: New on market today

$3,998,000

4 Beds2 Baths2,327 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,327 sqft

Price per Sqft $1,718

Subdivision La Jolla

MLS Listing ID 260005824

Bedrooms 4

Full Baths 2

Year Built 1977

Lot Size 5,602 Sqft

Property Sub-Type Detached

Property Description

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.