1303 Cave Street, La Jolla, CA 92037

USD 9,995,000

For Sale MLS: NDP2511218

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Property Details

Bathrooms

Neighborhood

None

Basement

None

Property Type

None

Description

A trophy asset in an unbelievable La Jolla location! Perched above the street, overlooking the ocean, caves, and coastal trail, this legacy property offers a unique glimpse of a classic beach cottage to hold & maintain, redevelop, or transform into a single-family residence or multi-generational compound. At the iconic intersection of Prospect & Cave St, this property sits as a pseudo-gatekeeper in the Village as one heads toward the Cove and Scripps Park. Its elevation offers surprising privacy, ocean views and a unique perspective where land & sea meet. Currently configured as five separate units in two connected structures comprised of a 2BR/1BA, two studios, a 3BR/2BA and a 1BR/1BA above four single-car garages with a central courtyard, the property currently generates over $335K annually in gross income as a short term vacation rental, making it a great 1031 exchange opportunity as well. It is immediately recognizable, would be next to impossible to replicate, is immensely valuable in its existing form, has abundant potential and is an opportunity not to be missed.

PROPERTY DETAILS: Square Feet: 3944 | Bathrooms: 5

INTERIOR FEATURES: • Heating: None • Common Walls: 2+ Common Walls • Fireplaces: See Remarks

EXTERIOR FEATURES: • Parking: 4 Garage Spaces, 4 Parking Spaces, Attached Garage. • Pool Description: None • Lot View: Ocean, Water, Other • Zoning: R-1:Single Fam-Res

LISTING AGENT: Agent: Drew Nelson | Office: Willis Allen Real Estate | Phone: 858-215-3739 | Email: [email protected]

LISTING INFORMATION: MLS#: NDP2511218 | Status: FOR SALE

Location

Address

1303 Cave Street

City

La Jolla

Features and Finishes

Interior Features:

• Heating: None

• Common Walls: 2+ Common Walls

• Fireplaces: See Remarks

Exterior Features:

• Parking: 4 Garage Spaces, 4 Parking Spaces, Attached Garage.

• Pool Description: None

• Lot View: Ocean, Water, Other

• Zoning: R-1:Single Fam-Res

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