CA > La Jolla
La Jolla, CA 92037,1303 15 Cave ST
La Jolla, CA 92037,1303 15 Cave ST
La Jolla, CA 92037,1303 15 Cave ST
La Jolla, CA 92037,1303 15 Cave ST
La Jolla, CA 92037,1303 15 Cave ST
La Jolla, CA 92037,1303 15 Cave ST
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James Olvera

James Olvera

+1(909) 760-9091
$ 9,995,000
Est. payment | /mo

8 Beds

5 Baths

3,944 SqFt

Save Virtual Tour
$ 9,995,000
Est. payment | /mo
Save Virtual Tour

8 Beds

5 Baths

3,944 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,944 sqft

Price per Sqft $2,534

MLS Listing ID NDP2511218

Bedrooms 8

Full Baths 5

HOA Y/N No

Year Built 1935

Lot Size 6,403 Sqft

Property Sub-Type Single Family Residence

Property 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.

Location

State CA

County San Diego

Area 92037 - La Jolla

Zoning R-1:Single Fam-Res

Interior

Cooling See Remarks

Fireplaces Type See Remarks

Fireplace Yes

Laundry See Remarks

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

View Y/N Yes

View Coastline, Neighborhood, Ocean, Water

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Level or Stories Three Or More

New Construction No

Schools

School District La Jolla

Others

Senior Community No

Tax ID 3501210100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2511218

CRMLS – RECore
Listed by Drew Nelson Willis Allen Real Estate dnelson@willisallen.com

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