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.
Property Details
Price:
$3,498,000
MLS #:
260005824
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subdivision:
LA JOLLA
Neighborhood:
coastalsouth
Listed Date:
Mar 12, 2026
Finished Sq Ft:
2,327
Total Sq Ft:
2,327
Lot Size:
5,602 sqft / 0.13 acres (approx)
Year Built:
1977
See this Listing
Schools
Interior
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Central Forced Air
Fireplaces Total
1
Flooring
Carpet, Wood
Heating
Forced Air Unit
Interior Features
Balcony, Remodeled Kitchen, Shower in Tub
Laundry Features
Electric
Levels
2 Story
Exterior
Common Walls
Detached
Construction Materials
Stucco, Wood
Fencing
Gate, Partial
Parking Features
None Known
Parking Spots
2
Parking Total
2
Patio And Porch Features
Balcony, Enclosed
Roof
Composition
View
Neighborhood, Ocean, Peek-A-Boo
Financial
Map
Community
- Address1221 Virginia Way La Jolla San Diego CA
- SubdivisionLA JOLLA
- CitySan Diego
- CountySan Diego
- Zip Code92037
Subdivisions in San Diego
- BAY PARK
- Bayview Heights 570
- CARMEL MOUNTAIN RANCH
- CARMEL VALLEY
- CITY HEIGHTS
- Civita CIVI
- CLAIREMONT
- Clifton Heights CLFH
- COLLEGE GROVE
- Crestmont CSM
- DEL CERRO
- DOWNTOWN
- Downtown DT
- EAST DEL MAR
- EAST SAN DIEGO
- East Village 400
- Emerald Hills EMER
- ENCANTO
- Hampton Place HAMP
- HILLCREST
- Horizon HORZ
- Knightsbridge KBRG
- LA JOLLA
- LINDA VISTA
- LOGAN HEIGHTS
- MIRA MESA
- MISSION BEACH
- Mission Greens R1 MG
- MISSION HILLS
- MISSION VALLEY
- NORTH PARK
- OCEAN BEACH
- Ocean View Terrace OVTR
- PACIFIC BEACH
- Palacio Del Mar PD
- POINT LOMA
- RANCHO BERNARDO
- Rancho Pacifica 1 261701
- RANCHO PENASQUITOS
- RANCHO SANTA FE
- Regency Villas RGVL
- SABRE SPR
- SAN CARLOS
- SAN DIEGO
- SANTALUZ
- SCRIPPS RANCH
- SERRA MESA
- Smoke Tree SMTR
- SOUTH SD
- Stonecrest 892
- TALMADGE
- TIERRASANTA
- UNIVERSITY CITY
- UNIVERSITY HEIGHTS
- Unknown 999
- Walden WAL
Market Summary
Current real estate data for Single Family in San Diego as of May 14, 2026
1,746
Single Family Listed
57
Avg DOM
811
Avg $ / SqFt
$1,757,920
Avg List Price
Property Summary
- Located in the LA JOLLA subdivision, 1221 Virginia Way La Jolla San Diego CA is a Single Family for sale in San Diego, CA, 92037. It is listed for $3,498,000 and features 4 beds, 2 baths, and has approximately 2,327 square feet of living space, and was originally constructed in 1977. The current price per square foot is $1,503. The average price per square foot for Single Family listings in San Diego is $811. The average listing price for Single Family in San Diego is $1,757,920. To schedule a showing of MLS#260005824 at 1221 Virginia Way La Jolla in San Diego, CA, contact your Pacific Sotheby’s International Realty agent at 6193633000.
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