CA > La Jolla
La Jolla, CA 92037,1303 Cave Street
La Jolla, CA 92037,1303 Cave Street
La Jolla, CA 92037,1303 Cave Street
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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517
Listed by Drew E Nelson • Willis Allen Real Estate
$9,995,000
Est. payment /mo
8 Beds
5 Baths
3,944 SqFt
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UPDATED:

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 8N-2511218

Bedrooms 8

Full Baths 5

Year Built 1935

Lot Size 6,403 Sqft

Property Sub-Type Single Family Residence

Source California Regional Multiple Listing Service (CRMLS)

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

Laundry See Remarks

Exterior

Garage Spaces 4.0

Pool None

Community Features Curbs, Sidewalks

View Y/N Yes

View Coastline, Ocean, Water

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Others

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

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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517

Broker Associate | License ID: DRE# 02091823

Broker Associate License ID: DRE# 02091823

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