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    1303 Cave St, Unit 15 La Jolla, CA 92037

    New
    For Sale
    $9,995,000

    Residential Income - La Jolla, CA

    Property size:
    3,944 SF
    Lot size:
    6,403.00 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 1303 Cave St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1:Single Fam-Res
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    3501210100
    Parking
    4
    Exterior features
    Community Features Included: Curbs, Sidewalks, 0-1 Unit/Acre
    Size
    3,944 SF
    Lot size
    6,403.00 Acres

    Building Details

    Year built
    1935
    Floors in Building
    3
    Number of units
    5
    Architectural style
    Other

    Willis Allen Real Estate (858) 459-4033 [email protected]

    Listing agent Drew Nelson (858) 459-4033 License #01376023

    Listing date Dec 3, 2025

    MLS# NDP2511238 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    La Jolla Income Property

    This property, situated in La Jolla, CA, is currently configured as five separate units within two connected structures. These include a 2-bedroom, 1-bathroom unit, two studios, a 3-bedroom, 2-bathroom unit, and a 1-bedroom, 1-bathroom unit. The units are located above four single-car garages and surround a central courtyard. The property is currently used as a short-term vacation rental, generating over $335,000 annually in gross income. The property is located at the intersection of Prospect & Cave St, offering privacy and ocean views. The 0.14-acre lot is zoned R-1:Single Fam-Res. The 3,944 square foot property presents opportunities to hold and maintain, redevelop, or transform into a single-family residence or multi-generational compound.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Jolla
    County
    San Diego
    State
    California
    Longitude
    -117.25
    Latitude
    32.8548

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    FAQs

    What type of property is this?
    Short term rental property - Trophy asset in prime La Jolla location with ocean views.
    Where is this short term rental property located?
    The property is located at 1303 Cave St, Unit 15 La Jolla, CA.
    What is the asking price?
    The asking price for this property is $9,995,000.
    What are key features of this property?
    This property features: - Unbelievable La Jolla location overlooking the ocean, caves, and coastal trail.; - Generates over $335K annually in gross income as a short-term vacation rental.; - Potential for redevelopment into a single-family residence or multi-generational compound.
    (858) 459-4033
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    1303 Cave St, Unit 15 La Jolla, CA 92037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1303 Cave St, Unit 15 La Jolla, CA 92037
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