Asking Price: $659,000

This is La Jollas 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. The HOA passed an Emergency Special Assessment totaling $1,068,750, and Unit C21s share is $18,750, due by September 1, 2025. Monthly HOA dues are currently $747.86. While a timeline for full repair completion depends on contractor availability and funding, discussions from recent community board mee