Steps from the water in the heart of the iconic Village of La Jolla, this premier 8 unit Spanish style cottage compound across two full sized parcels represents a rare offering in one of San Diegos most sought after coastal settings. Each cottage features one bedroom and one bathroom and is approximately 576 square feet, thoughtfully arranged around a shared central courtyard with a generous lawn, mature trees, and a newer terrace with Trex style decking. A common laundry room serves all units, while the two cottages closest to the street enjoy oversized private patios. The East lot at 781723 Exchange Place (APN 350 122 18 00) spans approximately 7,960 square feet, and the West lot at 782531 Exchange Place (APN 350 122 17 00) spans approximately 7,594 square feet. All cottages are individually metered for gas and electricity, and each parcel has its own water service. The property enjoys a tranquil setting within walking distance to La Jolla Cove, highly regarded schools, and the Villages renowned shops and dining. Year built is an estimate.