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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 Active
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
HOA Y/N Yes
Year Built 1966
Property Sub-Type Condominium
Source Datashare California Regional
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
Interior
Cooling None
Fireplaces Type Electric
Fireplace Yes
Laundry Other, Electric, Inside
Exterior
Pool In Ground
Amenities Available Clubhouse, Pool, Racquetball, Tennis Court(s), Dog Park
View Hills, Other
Private Pool true
Building
Story 1
Schools
School District San Diego Unified
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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