1138 Virginia Way
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1138 Virginia Way

D

La Jolla, CA 92037

$2,100,000

Soft Appraisal Value: $2,047,500 · 2.6% above estimate

Beds

2

Baths

1.5

Sqft

1,040

Year Built

2019

Days on Market

50

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602086

This property is in La Jolla (92037). View neighborhood stats →

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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.

Mortgage Calculator

Est. Monthly Payment

$13,331

Principal & Interest$10,619
Property Tax$2,100
Insurance$612
%($420,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,473
Monthly Cashflow

Rent − PITIA

$-8,858
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,637

Mortgage (P+I)
$10,619
Cap Rate
-0.58%
Cash-on-Cash
-33.25%
DSCR

Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$19,585

NOI (Annual)
$-12,213
Price-to-Rent

Lower = better for investors

39.1

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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