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  • MLS#: NDP2511238 ( )
  • Street Address: 1303 Cave Street
  • Viewed: 6
  • Price: $9,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1935
  • Bldg sqft: 0
  • Days On Market: 84
  • Additional Information
  • County: SAN DIEGO
  • City: La Jolla
  • Zipcode: 92037
  • Provided by: Willis Allen Real Estate
  • Contact: Drew Drew
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 3944.00
Cable Tv Expense
  1. 0.00
Common Walls
  1. 2+ Common Walls
Days On Market
  1. 80
Electric Expense
  1. 0.00
Entry Location
  1. front
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Gardner Expense
  1. 0.00
Insurance Expense
  1. 0.00
Laundry Features
  1. See Remarks
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 0.00
Newtaxesexpense
  1. 0.00
Parcel Number
  1. 3501210100
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 400103086:CRP
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/crmls/NDP2511238
Water Sewer Expense
  1. 0.00
Year Built
  1. 1935
Year Built Source
  1. Assessor
Zoning
  1. R-1:Single Fam-Res