Greg Cummings San Diego Real Estate Agent - 858-206-9500
San Diego Condo ManiaMLS: NDP2511218 $9,995,000 8 Beds /5 Baths
MLS #: NDP2511218 Status: ACTIVE List Price: $9,995,000 Price SQFT: $2,534 City: LA JOLLA
Beds: 8 Baths: 5 SqFt: 3944 Year: 1935 Zip: 92037
Listing Remarks
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.
Address: 1303 CAVE STREET LA JOLLA CA 92037
Listing Agent: DREW NELSON of WILLIS ALLEN REAL ESTATE 858-215-3739
Listing Photos
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Last Updated: 2025-12-04