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 Diego's 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 7817-23 Exchange Place (APN 350-122-18-00) spans approximately 7,960 square feet, and the West lot at 7825-31 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 Village's renowned shops and dining. Year built is an estimate.