La Jolla is the crown jewel of San Diego’s Gold Coast – and where the real estate market has always been among the priciest (and craziest) in the county.
Let’s tour this 1,841 sf house in Bird Rock, built in 1960 – it’s listed on the range $1,675,000 to $1,775,000, and already has an accepted offer. The other house is the cheapest of five oceanfront homes ON THE STREET for sale from $6 million to $24 million:
This is the debut of my new Sony Webbie – thanks to Stephen for recommending!
camera focuses on the window glass, NOT the view.
Jim, Jim, Jim,
How could you NOT point out the lovely sewage pump house that is in this properties side yard???? I mean it’s right there, clearly visible from the street. Why wouldn’t everyone want to live with a sewage pump house right outside their master bedroom window?
And at 1.7 this place is no deal. Sure the places across the street which are on the beach are much more, but Jim, they are ON THE BEACH, not peak views between other houses. Also, don’t forget to mention that right around the corner on Ricardo (a nice cul-de sac) three comparable houses just sold for 1.1 to 1.4.
And don’t forget that right up the street, (5519 Calumet) a house much higher up with very nice views sold for 1.55 a month ago.
At 1.7 and a sewage pump house in your side yard, this place is not a great deal.
You need to do a video of this house on Calumet:
New construction. 8400 sq ft. On the beach. $22M+.
I can think of a lot better ways to spend millions of dollars.Even if I had it I would never piss it away on overpriced s. california real estate.
Anyone seen the 2009 chevy malibu?Actually a decent peice.
Thanks Jim for this LaJolla house tour. However, it’s better when no one is around because you can speak mind and tell it like it is. That’s hard to do when the owner is right there.
I’d love to see more of these. If I had a ton of cash, La Jolla or Coronado is where I would live.
People are still crazy spending 1.7 million on a piece of crap like that. Look what is happening to interest rates, gone up over a 1/4 point in one week. With all the government borrowing, interest rates will have to increase, 2 years from now when rates are 8% a house in La Jolla like that will be back under $500,000.
Just a matter of time.
Wow, that’s probably the worst “ask price to what Aztec would pay” ratio I’ve seen. I’d maybe give them $500K, possibly more if it’s nicer/bigger in person or if you could tear it down and rebuild to get a better view.
And that ain’t “ocean front(ish)”, it’s “peeking ocean view”.
Hopefully that price is for a tear down. Can you put any cheaper bedroom doors in the house. Windows look cheap. Also the bathroom is basic.
All the people have to do on the oceanfront is put in a six foot fence to keep people out and there goes the view unless you build up.
Buy it now or you’ll be priced out forever!
I like the new camera – JTR TV in HD!
Yeah-for 1.7 you are buying the lot, not the house. That house would be worth 10% of that in Riverside. Hell, the ones on the beach for 6 or 24 mil same thing but even more so-you are buying beachfront property that happens to have a house on it. If the city will let you build a two story house there, it would be a good idea to do so to improve the view.
You can read WSJ subscriber articles for free and it is legal.
I tried it and it works
Thanks to Tyler Durden of ZeroHedge. Spread the word.
8% may be too conservative. Who recalls the 1970’s?
Back under $500K? … You really think so?
With all the government borrowing, interest rates will have to increase, 2 years from now when rates are 8% a house in La Jolla like that will be back under $500,000.
Just a matter of time.
m | June 7th, 2009 at 1:16 pm
I think they would charge you admission to do a video on that house, GameAgent, lol.
I think the houses that Jordana linked to in the other thread are dirt cheap next to the 2 ocean houses Jim did videos on.
2008 construction, 10X better ocean views, just have to get past the wacky architecture.
It’s a nit, but the ocean front houses aren’t on a beach. It’s a cliff there — one that has erosion problems. You can look at the coastal mapping project pix to see how people have armored the cliff to try to keep their houses from becoming the abode of mermaids. Go to www-dot-californiacoastline-dot-org and type in “bird rock, la jolla”.
24 million, and you don’t even get a beach? Bleah.
So maybe you buy this house hoping that when the neighbors fall into the sea, you’ll be the new “beachfront” home?
Tough reality isn’t it? $1.7MM for a single story with a small view.
I’m guessing that the sewer pump next door, as indicated by Spotty, has lines that runs through to the ocean. Otherwise even that little view would be built-on by now. Or, it will be.
Add this one to the comps for Crescent Del Sol. Over $910/sf, wow.
Any closet is a walk-in closet if you try hard enough.