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 ($6,796,430.25) is $153,569.75 (2%) lower than the list price ($6,950,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Versatility: A unique triplex compound, including a detached smart home and a fully furnished duplex, offering significant income potential as vacation rentals from day one.
Top Cons:
Original Construction Age: While extensively remodeled, the property's original construction dates back to 1988, which may imply older underlying systems not part of the recent remodel.

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 been 'fabulously recently remodeled' with 'Smart and high end features' as stated in the description. The images confirm a comprehensive, high-quality renovation, showcasing a modern kitchen with integrated appliances and sleek cabinetry, luxurious bathrooms with heated floors and contemporary fixtures, and updated lighting (LED) and flooring (hardwood and large format tile) throughout. All components appear new or virtually new, reflecting current quality standards and 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
250035495SD
Home ConditionExcellent
Features
Excellent 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 been 'fabulously recently remodeled' with 'Smart and high end features' as stated in the description. The images confirm a comprehensive, high-quality renovation, showcasing a modern kitchen with integrated appliances and sleek cabinetry, luxurious bathrooms with heated floors and contemporary fixtures, and updated lighting (LED) and flooring (hardwood and large format tile) throughout. All components appear new or virtually new, reflecting current quality standards and no visible deferred maintenance.
Pros & Cons

Pros

Income Potential & Versatility: A unique triplex compound, including a detached smart home and a fully furnished duplex, offering significant income potential as vacation rentals from day one.
Prime La Jolla Village Location: Situated in the highly desirable La Jolla Village, providing access to a coveted lifestyle and strong rental demand.
Extensive High-End Remodel & Smart Features: Recently remodeled with high-end finishes, smart home technology, heated bathroom floors, and comprehensive camera surveillance.
Expansive Ocean View Rooftop Deck: Features a 1,600 sq ft entertaining rooftop with stunning ocean views, a fireplace, and BBQ, ideal for luxury entertaining.
Ample Parking & EV Charging: Offers a total of 6 assigned parking spaces, including EV charger stations, a valuable amenity in a dense coastal area.

Cons

Original Construction Age: While extensively remodeled, the property's original construction dates back to 1988, which may imply older underlying systems not part of the recent remodel.
Management Complexity: Operating a triplex with separate units and entrances, especially for vacation rentals, can demand significant management time and effort.
Limited Individual Outdoor Space: Despite the large rooftop, the overall lot size for a triplex might result in limited private outdoor space for individual units, particularly the duplex.

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