Courtesy of Willis Allen Real Estate, Drew Nelson 858-215-3739
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.
Open House
Property Details and Features
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Bathrooms
- 5 total bathrooms
- 5 full bathrooms
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Bedrooms
- 8 total bedrooms
- 8 possible bedrooms
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Building
- Built in 1935
- Building area total: 3944
- 3 stories
- 3 stories total
- Living area: 3944
- Living area units: Sqft
- Building area units: Sqft
- Entry level: 2
- “2+ common walls”
- “3 Story”
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Community
- 5 units in community
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Cooling
- “Other/Remarks”
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Fireplaces
- “Other/Remarks”
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Garage
- 4 spaces
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Listing
- Listing ID: NDP2511218
- List price: $9,995,000
- 52 days on market
- Listing contract date: 2025-10-24
- Special listing conditions: “Standard”
- “Cash”
- “Conventional”
-
Lot
- 6,403 size sqft
- Size area: 0.147
- Size units: Acres
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Parking
- Total: 4
-
Pool
- “N/K”
-
Property
- Property subtype: All Other Attached
- Property type: Residential
- Zoning: R-1:Single
- “Ocean”
- “Water”
- “Coastline”
- “Neighborhood”
-
Sewer
- “Public Sewer”
