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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:
Exceptional Income Potential: This unique triplex compound is fully furnished and vacation rental ready, offering immediate and significant income generation opportunities from day one of ownership.
Top Cons:
Complex Property Management: Managing a triplex compound, particularly with vacation rental units, will require substantial time, effort, or the cost of professional property management.

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 MLS description explicitly states the property has been 'fabulously recently remodeled' with 'Smart and high end features.' The images confirm this, showcasing a modern, high-end aesthetic throughout. The kitchen features sleek, flat-panel wood cabinetry, integrated high-end stainless steel appliances (Miele visible), modern black fixtures, and under-cabinet LED lighting. Bathrooms boast floating wood vanities, dual sinks, modern black fixtures, and heated floors (as per description). Flooring is a mix of light-colored large format tile and light wood, all appearing new. Recessed LED lighting is prevalent, and the overall design is contemporary and pristine, indicating a very recent and extensive renovation that meets current quality standards with no visible wear or 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
250037561SD
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-5•0.2mi
8/10
Muirlands Middle School
Public,•6-8•0.5mi
8/10
La Jolla High School
Public,•9-12•0.4mi
Condition Rating
Excellent
Despite being built in 1988, the MLS description explicitly states the property has been 'fabulously recently remodeled' with 'Smart and high end features.' The images confirm this, showcasing a modern, high-end aesthetic throughout. The kitchen features sleek, flat-panel wood cabinetry, integrated high-end stainless steel appliances (Miele visible), modern black fixtures, and under-cabinet LED lighting. Bathrooms boast floating wood vanities, dual sinks, modern black fixtures, and heated floors (as per description). Flooring is a mix of light-colored large format tile and light wood, all appearing new. Recessed LED lighting is prevalent, and the overall design is contemporary and pristine, indicating a very recent and extensive renovation that meets current quality standards with no visible wear or deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential: This unique triplex compound is fully furnished and vacation rental ready, offering immediate and significant income generation opportunities from day one of ownership.
Prime La Jolla Village Location: Situated in the highly desirable La Jolla Village, the property offers access to a premium lifestyle, strong rental demand, and proximity to amenities.
Extensive Modern Upgrades & Smart Home Technology: Recently and fabulously remodeled, the property boasts high-end finishes, smart home features, heated bathroom floors, LED lighting, speakers, and camera surveillance.
Panoramic Ocean Views & Rooftop Entertainment: The front house features a 1,600 sq ft entertaining rooftop with ocean views, a fireplace, and BBQ, while one duplex unit also offers ocean views.
Ample Parking & EV Infrastructure: A total of 6 assigned parking spaces, including EV charger stations, provides a significant and valuable amenity in this dense coastal area.

Cons

Complex Property Management: Managing a triplex compound, particularly with vacation rental units, will require substantial time, effort, or the cost of professional property management.
Original Construction Age: Built in 1988, despite recent remodels, the underlying structure is older, which could potentially lead to unforeseen maintenance or upgrade requirements in non-renovated areas.
Potential for Overpricing: The current list price of $6.95M is slightly above the property's estimated value of $6.796M, which may affect buyer perception and negotiation.

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