La Jolla Beach Classic
They are advertising a 21-day looking period, so you have plenty of time to investigate, but renovating the existing house sounds like a losing battle.
The house needs everything, there isn’t enough view, and the two neighbors to the west are imposing:
Note how tall the tudor roof is a couple of doors down (on left) and possibly inhibits the view potential if you build a new big bomber at the subject property. A roof deck is in order: