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Patricia Beattie

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$ 9,995,000

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1303 Cave Street La Jolla, CA 92037

8 Beds

5 Baths

3,944 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

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

Year Built 1935

Lot Size 6,403 Sqft

Property Sub-Type All Other Attached

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

Zoning R-1:Single

Direction Torrey Pines > Prospect > Cave Street

Interior

Cooling Other/Remarks

Fireplaces Type Other/Remarks

Fireplace No

Exterior

Garage Spaces 4.0

View Y/N Yes

View Ocean, Water, Coastline, Neighborhood

Total Parking Spaces 4

Building

Story 3

Sewer Public Sewer

Level or Stories 3

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

Listed by Drew Nelson Willis Allen Real Estate

Patricia Beattie

Broker | CA DRE#02153415

+1(800) 517-7326

Patricia Beattie

1303 Cave Street La Jolla, CA 92037

Key Details

Location

Interior

Exterior

Building

Others

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1303 Cave Street