1010-1012 Prospect St 28,370 SF 100% Leased Office Building La Jolla, CA 92037 $18,500,000 ($652.10/SF)

1010-1012 Prospect Street presents a rare opportunity to acquire a mixed-use asset in the heart of La Jolla Village. Offered for sale for the first time, the property consists of two multi-story buildings totaling approximately 28,370 square feet on approximately 13,983 square feet of land. The asset is currently 100% vacant, creating immediate flexibility for investors, developers, and owner-users seeking to reposition, redevelop, or establish a presence in one of Southern California's most sought-after coastal markets.
Located at the prominent intersection of Prospect Street and Girard Avenue, the property benefits from exceptional visibility, pedestrian activity, and walkability to La Jolla's collection of upscale retailers, restaurants, galleries, hotels, and beaches. The site is positioned within the Village core, an area recognized as La Jolla's primary retail and commercial district and supported by nearby institutions including the University of California San Diego, Scripps Research Institute, and other major research and employment centers.
The improvements include expansive patio and courtyard areas as well as a five-story parking structure with approximately 110 parking spaces, a notable amenity within the Village. The property's LJPD-1A zoning and mixed-use designation provide a foundation for future redevelopment or adaptive reuse opportunities, subject to applicable approvals and development regulations. Combined with ocean-view potential, established surrounding amenities, and limited availability of comparable opportunities in the Village core, the offering represents a unique chance to control a substantial commercial property in a highly constrained coastal market.