Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 8-bedroom, 0-bathroom residential multi family at 1303 Cave Street 15 in La Jolla, CA is listed for $9,995,000 ($2,534 per sqft). Built in 1935, the home offers 3,944 sqft of living space on a 0.15 acres lot.
Occupying a commanding, elevated position at the intersection of Prospect and Cave Street, this site offers one of the rarest opportunities in La Jolla. Perched above the world-renowned sea caves and coastal trail, the property offers a visionary the option to transform it into a single-family estate, a multi-generational compound or to upgrade and maintain the multi-unit rental asset.
The property consists of five separate residences across two connected structures - a 3BR/2BA, a 2BR/1BA, a 1BR/1BA and two studios - situated above four single-car garages and centered around a private courtyard. These existing improvements can provide immediate utility and income potential while plans for a future transformation take shape.
Yet the true value lies in the land’s extraordinary combination of location and elevation, offering privacy and magnificent views where the Pacific meets the Village. Seize this chance to create a legacy project - an architectural jewel at the entrance to the iconic Cove and Scripps Park - that simply cannot be replicated in today’s landscape. Property Website: www.CaveStLaJolla.com Nelson Brothers Team at Willis Allen Real Estate | 858-215-3739 or email nelsonbrothers@willisallen.com
Key Features
- Built in 1935
- 0.15 acre lot
- 3 stories
- 4 parking spaces
Property Details
AI Property Insights
Extracted from listing description
Income Potential
Airbnb/Vacation Rental - Currently configured as five separate units generating over $335K annually in gross income as a short term vacation rental (over $335K annually)
Location Features
perched above the street, elevation offers surprising privacy
Views
overlooking the ocean, caves, and coastal trail, unique perspective where land & sea meet
Privacy
elevation offers surprising privacy
Monthly Cost Estimate
$53,455/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1303 Cave Street 15
La Jolla, CA 92037
Features & Amenities
Exterior Features
Questions & Answers
This 8-bedroom, 0-bathroom residential multi family at 1303 Cave Street 15 is listed at $9,995,000 ($2,534/sqft). The estimated monthly payment is $43,312 based on 20% down at 6.5% interest.
Key features include: Built in 1935, 0.15 acre lot, 3 stories, 4 parking spaces. Exterior Features: Community Features Included: Curbs, Sidewalks, 0-1 Unit/Acre.
This property is listed by Drew Nelson and can be reached at 8584594033 or dnelson@willisallen.com.
