7376 Fay Ave, La Jolla, California 92037, La Jolla, 92037 - 8 bed, 5 bath

7376 Fay Ave, La Jolla, California 92037 home-pic-0
ACTIVE$6,950,000
7376 Fay Ave, La Jolla, California 92037
8Beds
5Baths
4,637Sqft
7,368Lot

Price Vs. Estimate

The estimated value ($6,438,723.4) is $511,276.6 (7%) lower than the list price ($6,950,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: La Jolla Elementary School (9/10).
Top Cons:
Complex Legal/Zoning Status: Described as a 'Triplex compound' with separate units and addresses, yet listed as a 'Single Family Residence'. This discrepancy requires careful verification of zoning, permitting, and legal classification, which could complicate financing or future use.

Compared to the nearby listings

Price:$6.95M vs avg $3.59M (+$3,360,000)87%
Size:4,637 sqft vs avg 2,738 sqft87%
Price/sqft:$1.5K vs avg $1.4K64%

More Insights

Built in 1988 (37 years old).
Condition: Despite being built in 1988, the property has undergone a 'fabulously recently remodeled' and 'high-end' renovation, as explicitly stated and visually confirmed by the images. The kitchen features sleek, modern flat-panel wood cabinetry, integrated high-end appliances (Miele visible), and contemporary fixtures, appearing virtually new. Bathrooms are equally impressive with floating vanities, modern black fixtures, recessed lighting, and heated floors. Throughout the home, there's new light-toned flooring (hardwood and large format tile), extensive recessed LED lighting, and smart home features, indicating a comprehensive update to current luxury standards with no visible deferred maintenance.
Year Built
1988
Close
-
List price
$6.95M
Original List price
$6.95M
Price/Sqft
$1,499
HOA
-
Days on market
-
Sold On
-
MLS number
250030893SD
Home ConditionExcellent
Features
Good View: Mountain(s), Ocean
Deck
Patio
ViewMountain(s), Ocean

About this home

Enjoy the La Jolla Village lifestyle in this fabulously recently remodeled 4,637 sq ft unique Triplex compound: starting with your very own detached Smart Home of 4 bedrooms, 3 bathrooms, and 2,783 sq ft of living space; a separately detached Duplex of 1,854 sq ft in the rear fenced of the property with its very own front access through Bishops Lane. Each Unit of the two story Duplex has 2 bedrooms and 1 bathroom. Each have their own address and separate fenced off entrances with 3 assigned parking spaces and EV charger stations; a total of 6 parking spaces on Bishops Lane. The bottom Unit has 962 sq ft and the top unit with Ocean Views has 862 sq ft. Both Units come Fully Furnished down to curtains, TVs, pots, pans, towels and utensils to be Vacation Rental Ready on day one of ownership to start generating great income! The Front House has a 1,600 sq ft entertaining rooftop with Ocean Views, fireplace, and BBQ. The home has also been recently remodeled with Smart and high end features like hidden blackout shades in bedrooms, LED lighting, Speakers, Spring Water Faucets around home, heated bathroom floors, screens, camera surveillance and much more! Enjoy the La Jolla Village lifestyle in this fabulously recently remodeled 4,637 sq ft unique Triplex compound: starting with your very own detached Smart Home of 4 bedrooms, 3 bathrooms, and 2,783 sq ft of living space; a separately detached Duplex of 1,854 sq ft in the rear fenced of the property with its very own front access through Bishops Lane. Each Unit of the two story Duplex has 2 bedrooms and 1 bathroom. Each have their own address and separate fenced off entrances with 3 assigned parking spaces and EV charger stations; a total of 6 parking spaces on Bishops Lane. The bottom Unit has 962 sq ft and the top unit with Ocean Views has 862 sq ft. Both Units come Fully Furnished down to curtains, TVs, pots, pans, towels and utensils to be Vacation Rental Ready on day one of ownership to start generating great income! The Front House has a 1,600 sq ft entertaining rooftop with Ocean Views, fireplace, and BBQ. The home has also been recently remodeled with Smart and high end features like hidden blackout shades in bedrooms, LED lighting, Speakers, Spring Water Faucets around home, heated bathroom floors, screens, camera surveillance and much more!

Nearby schools

9/10
La Jolla Elementary School
Public,K-50.2mi
8/10
Muirlands Middle School
Public,6-80.5mi
8/10
La Jolla High School
Public,9-120.4mi
Condition Rating
Excellent

Despite being built in 1988, the property has undergone a 'fabulously recently remodeled' and 'high-end' renovation, as explicitly stated and visually confirmed by the images. The kitchen features sleek, modern flat-panel wood cabinetry, integrated high-end appliances (Miele visible), and contemporary fixtures, appearing virtually new. Bathrooms are equally impressive with floating vanities, modern black fixtures, recessed lighting, and heated floors. Throughout the home, there's new light-toned flooring (hardwood and large format tile), extensive recessed LED lighting, and smart home features, indicating a comprehensive update to current luxury standards with no visible deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: La Jolla Elementary School (9/10).
Prime La Jolla Village Location: Situated in the highly desirable La Jolla Village, offering an exceptional lifestyle with proximity to amenities, and within a top-rated school district.
Exceptional Income Potential: Unique Triplex compound with a detached main Smart Home and a separate, fully furnished, vacation rental-ready Duplex, offering significant immediate income generation opportunities.
Recent High-End Smart Remodel: The property has been recently remodeled with luxurious and smart features, including hidden blackout shades, LED lighting, speakers, heated bathroom floors, and camera surveillance, ensuring modern comfort and technology.
Ocean Views & Rooftop Entertainment: Features a 1,600 sq ft entertaining rooftop deck on the main house with ocean views, a fireplace, and BBQ, plus ocean views from one of the duplex units, enhancing lifestyle and appeal.
Ample Parking & EV Charging: Offers a total of 6 assigned parking spaces and includes EV charger stations, a significant convenience in a dense urban village setting.

Cons

Complex Legal/Zoning Status: Described as a 'Triplex compound' with separate units and addresses, yet listed as a 'Single Family Residence'. This discrepancy requires careful verification of zoning, permitting, and legal classification, which could complicate financing or future use.
High Investment Threshold: With a list price of $6.95 million, this property represents a substantial investment, naturally narrowing the potential buyer pool to a very specific high-net-worth demographic.
Potential for Undisclosed Original Infrastructure: While extensively remodeled with high-end features, the original structure dates back to 1988. The description doesn't detail updates to core systems (e.g., plumbing, electrical, roof beyond the rooftop deck) for the entire compound, which might require future attention or significant capital expenditure.

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