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Listed by Gabriel Mendez • ROA California Inc
$659,000
Est. payment /mo
2 Beds
2 Baths
1,204 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 1,204 sqft
Price per Sqft $547
MLS Listing ID CRPTP2504323
Bedrooms 2
Full Baths 2
HOA Fees $695/mo
Year Built 1966
Property Sub-Type Condominium
Source California Regional MLS
Property Description
This is La Jolla's most compelling real estate opportunity. Located just 0.9 miles from the sand at La Jolla Shores beach, this fully remodeled 2-bedroom, 2-bathroom condo presents a rare chance to secure coastal property significantly under market value. Listed at just $659,000, this unit offers an exceptional opportunity for cash buyers or fully DU-approved financing buyers to walk into over $200,000 of potential equity once HOA litigation is resolved. The property was purchased by a professional investor for $698,000 and underwent approximately $90,000 in renovations with modern finishes and design. It has never been lived in since the remodel was completed. Originally listed at $755,000, the price was adjusted to reflect the current legal status of the building, not the condition or value of the unit. The La Jolla Racquet Club complex is currently in active litigation and undergoing structural repairs. The HOA has already conducted engineering inspections and has retained McCormick Consulting to lead the repair and compliance process for SB 326. Critical repairs include garage stabilization, walkway shoring due to collapse risk, slope stabilization behind buildings C and D, and repairs to balconies, boiler rooms, stairwells, and other areas connected to the garage structure
Location
State CA
County San Diego
Area 92037 - La Jolla
Zoning ATTACHED
Interior
Cooling None
Fireplaces Type Electric
Laundry 30, Other, 9
Exterior
Pool Pool - In Ground
View Hills, Local/Neighborhood, 30
Building
Story One Story
Others
Tax ID 3465402832
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033