LA JOLLA HOME SALES

La Jolla Homes For Sale
Formerly Scripps Hospital, this magnificent historic building has just been fully refurbished into an exclusive, upscale 41-unit building. Units in this building sell in the $750,000 to $1,500,000 range.

With its first-rate facilities and central location, this building is hard to beat. One of the currently available condos has 2 bedrooms and 2.5 baths with an estimated 2665 square feet, and is going for $1,599,000.



If you’re looking at a lower price range, there’s a fabulous whitewater ocean view condo right across the street from Seagrove Park and the beach. It’s within walking distance to shopping and restaurants. The condo is on the ground level, and it has new Berber carpet, new ceramic tile, and it’s freshly painted. There’s also a beautiful tropical garden courtyard. Built in 1961, this single story condo has a dining room, 1 bedroom, 1 bathroom and a kitchen.

La Jolla Properties
La Jolla Properties, Inc. filed Articles of Incorporation with the State of California on May 21, 1923. In the six months following incorporation, the company had already begun to develop and improve land purchased along the shoreline bordered by Bird Rock in the south, Via del Norte in the north, and La Jolla Boulevard to the east. Lots ranged from 75 to 80 front feet, extending some 150 feet in depth, and sold for approximately $2,000.

Eighty years later, in 2005, homes in La Jolla were selling for an average price of $2.2 million, up from 1.8 million in 2004. List price to sale price declined from 90% to 89% in 2005. Local experts forecast that interest rates will rise by 1% this year and property values will increase by 4-5% over the same period. Buyers are in an excellent position to find a wonderful home with investment value, with more options to choose from and still low interest rates to lock in.

La Jolla Property
La Jolla is the location of Torrey Pines Golf Course, made famous by the PGA Tour Buick Invitational held there each February. Besides golf, one of the popular pastimes in La Jolla is walking along the beach. Harbor seals have taken over the Children’s Beach, an old-fashioned artificial bay close to downtown, in recent years. Downtown La Jolla is well known for its jewelry stores, and up market restaurants and hotels.

If you’re interested in acquiring property in La Jolla and you need financing, check out La Jolla Loans – they have been funding and closing innovative and complex real estate transactions since 1986. They have created an exceptionally strong position in the real estate market by becoming the leading private mortgage lender for experienced borrowers and developers. They cater to those investing in property for business purposes.

If you’re a small time investor, La Jolla condos may be the right choice for you. While condos never had the kind of appreciation experienced by single-family homes in the 1980s, experts say that most ultimately have not lost value. You should do your homework about the development or neighborhood before you buy, as with any home purchase.