1303 15 Cave Street

Property Overview
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.
Home Details
- Property type
- Residential - SingleFamilyResidence
- Year built
- 1935
- Living area
- 3,944 sq ft
- Lot size
- 6,403 sq ft
- Parking
- 4 spaces
- Garage
- 4 spaces
- Stories
- 3.0
- Days on market
- 54
- MLS status
- Active
- Zoning
- R-1:Single Fam-Res
Features & Amenities
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Community
- View
- Yes
Utilities
- Cooling
- SeeRemarks
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
Certified San Diego home inspectors
Schedule an inspectionTrusted local movers
Get a quoteCA homeowners insurance
Get a quoteDisclosure: We may have a referral relationship with selected providers.
Get More Info
TestimonialsCrown Coastal Support Team
Direct support from our real estate team
“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

