1303 15 Cave Street, La Jolla, CA 92037

• 3,944 sqft

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.

Listing Status:

Active

Date Added:

December 4, 2025 at 06:00AM

Listing Office:

Willis Allen Real Estate : 858-459-4033

Listing Agent:

Drew Nelson : 858-215-3739

MLS ID:

NDP2511238

Interior

• Laundry: See Remarks
• A/C: None
• Heating: None

Exterior

• Pool: None
• Parking: Parking spaces: 4

Construction

• General: 3

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRP
• County: San Diego

Lot

• Zoning: R-1:Single Fam-Res3501210100

Utilities

• Sewer: Public Sewer

Financial

• Source: CRMLS_CRP

This listing courtesy of Drew Nelson, Willis Allen Real Estate