6319 Electric Ave
La Jolla, CA 92037
A through-lot in La Jolla Gables near Windansea Beach. Replace two small 1956 rentals with a new 4,168 SF home, the most the lot allows, plus an 800 SF ADU on the Dowling side. Base case: bought at $2,190,000, built ground up at $380/SF, sold 6% under the comps in 24 months: investors earn 14%.
Yield on cost
The full circle is the sale price. Gray slices are costs; the green slice is profit. Closing costs include buying costs and selling costs.
All-in cost
Exit
Investor waterfall
Investor IRR: purchase price × sale price
At the construction cost and timeline set on the left. Black cell = current setting.
Sales near Windansea, last 12 months
| Address | Price | SF | $/SF |
|---|---|---|---|
| 383 Westbourne St4 bd | $4,025,000 | 2,400 | $1,677 |
| 462 Westbourne St5 bd | $5,550,000 | 3,538 | $1,569 |
| 541 Gravilla St5 bd | $5,500,000 | 3,648 | $1,508 |
| 424 Belvedere StApr 2026 | $3,800,000 | 2,544 | $1,494 |
| 358 Belvedere St4 bd | $5,300,000 | 3,568 | $1,485 |
| 257 Playa del Sur4 bd | $5,583,500 | 3,901 | $1,431 |
Source: Redfin, sold in the last 12 months, November 2026. Oceanfront sales excluded. The new home is priced off $1,550/SF for new construction; the ADU at $900/SF.
6319 Electric Ave, La Jolla
Property
| Lot | 5,558 SF, through-lot |
| Homes | 2, detached |
| 6319 Electric Ave and 6320 Dowling Dr | |
| Total living area | 1,616 SF |
| Year built | 1956 |
| Use today | Rentals |
| Last sale | Jul 2006 · $995,000 |
Floor area
| Max FAR, RM-1-1 (1–2 units) | 0.75 |
| Allowed floor area | ~4,168 SF |
| Existing | 1,616 SF |
| Remaining to develop | ~2,552 SF |
| Plan: new home (both homes removed) | 4,168 SF |
| Plan: ADU, allowed beyond FAR | 800 SF |
County records list the lot at 5,502 SF; the survey sets the final number.
Zoning
- RM-1-1, residential multiple unit: one home per 3,000 SF of lot, so one home plus an ADU after a rebuild.
- La Jolla Community Plan, La Jolla Gables.
- Coastal Overlay Zone: a new home needs a Coastal Development Permit.
- Coastal Height Limit Overlay: 30 ft.
- Parking Impact Overlay: Coastal Impact zone.
- Transit Area Overlay.
- State law allows an ADU of up to 800 SF even where FAR is used up.