
La Jolla, California 92037
This Turnkey Designer Residence represents a High-Potential Investment Opportunity, listed at $4,595,000—positioned above the $4,418,166 Fair Market Value. While priced at a premium, the property offers an Excellent Condition Rating following an extensive, high-end renovation. Key features include a massive 1,600 SF rooftop deck with ocean views and a prime location near La Jolla Elementary (9/10). Given the complex Tenancy-in-Common (TIC) structure, this property is best suited for sophisticated investors or lifestyle-focused owner-occupants seeking a fully furnished, coastal sanctuary in the heart of La Jolla Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7376 Fay Ave Subject | $4,695,000* List Price | 4 | 3 | 2,783 | $1,645 | - |
A 6411 Dowling Dr Sold | $4,200,000 | 5 | 4 | 3,068 | $1,369 | 0.9 mi |
B 6502 Manana Place Sold | $4,200,000 | 3 | 3 | 2,704 | $1,553 | 0.8 mi |
C 7227 Olivetas Ave Sold | $3,835,655 | 4 | 3 | 2,278 | $1,684 | 0.3 mi |
D 541 Gravilla St Sold | $5,500,000 | 5 | 5 | 3,648 | $1,508 | 0.6 mi |
E 7651 Country Club Drive Active | $3,885,000 List Price | 3 | 4 | 2,814 | $1,381 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive, high-end contemporary renovation within the last 5 years, effectively resetting its effective age. The kitchen features premium integrated Miele appliances and modern flat-panel cabinetry, while the bathrooms are updated with luxury freestanding tubs, floating vanities, and high-end fixtures. Systems appear fully modernized with linear HVAC diffusers and updated recessed lighting throughout, meeting the criteria for mint condition with no maintenance required.
Elementary School: La Jolla Elementary School (9/10).
Situated in the heart of La Jolla Village, this property offers unparalleled walkability to world-class dining, shopping, and beaches, supported by top-rated schools with ratings up to 9/10.
The residence features a massive 1,600-square-foot professionally designed rooftop deck with ocean views, providing an extraordinary outdoor living space that is rare for the area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4768, other record lot size in square feet = 7368. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2783, other record living area = 3242. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
As a fractional Tenancy-in-Common (TIC) interest rather than a fee-simple or condominium title, the ownership structure is more complex and may limit the pool of traditional financing and buyers.
The property is not a separately subdivided parcel and shares a single APN with a rear duplex, which can complicate future resale and independent property management.
Rare opportunity to acquire a proposed fractional TIC interest sale with exclusive-use rights to the entire detached front residence at 7376 Fay Avenue in the heart of La Jolla Village. This extensively renovated 4BR/3BA residence offers approximately 2,783 SF of interior living space plus an extraordinary approximately 1,600 SF rooftop entertainment deck with ocean views. The Front TIC Interest is intended to include exclusive use of approximately 4,768 SF of designated land area, including the residence, attached garage, Fay Avenue driveway, designated parking, yards, patios and landscaping. The home features an open-concept layout, contemporary finishes, indoor/outdoor living and a professionally designed rooftop deck ideal for entertaining and enjoying the coastal setting. Offered fully furnished and equipped, providing flexibility for use as a primary residence, second home or furnished rental, subject to applicable regulations. The property currently consists of one legal parcel/APN containing the detached front residence and a separate detached rear duplex. The proposed two-interest TIC structure is intended to provide the purchaser of this Front Interest exclusive possession and use of the front residence and its designated areas, the rear duplex and its designated area comprise a separate TIC interest 260020072 . See attached conceptual exclusive-use plan and offering information. Buyer to review and approve final TIC Agreement and related documentation. 7376 Fay Avenue presents a rare opportunity to acquire a proposed fractional Tenancy-in-Common interest associated with the entire detached front residence in the heart of La Jolla Village. The extensively renovated residence offers approximately 2,783 square feet with 4 bedrooms and 3 bathrooms, together with an approximately 1,600-square-foot rooftop entertainment deck featuring ocean views. The home has been professionally designed and is offered fully furnished, including furniture, televisions, window coverings, kitchenware, linens, towels and related household items, allowing for immediate residential, second-home, guest or furnished-rental use, subject to applicable law and regulations. The proposed Front TIC Interest is intended to provide exclusive possession, control and use of the entire detached 7376 Fay Avenue residence and its designated associated areas. The conceptual exclusive-use allocation includes approximately 4,768 square feet of designated land area encompassing the residence, attached garage, Fay Avenue driveway, designated parking, front and side yards, patios, landscaping, rooftop deck and other areas assigned to the Front Interest in the final documentation. The overall property currently remains one legal parcel and one APN. It contains the detached front residence and a physically separate rear duplex. The contemplated ownership structure consists of two TIC interests: • Front TIC Interest — exclusive-use rights to the entire detached front residence and designated front areas. • Rear TIC Interest — exclusive-use rights to the separate detached rear duplex and its designated rear areas. The purchaser of the Front Interest would hold an undivided ownership interest in the underlying real property together with contractual exclusive-use rights to the front residence and designated front areas. The Rear Interest owner would have separate exclusive-use rights to the detached rear duplex and designated rear areas. This is not a condominium and is not currently a separately subdivided fee-simple parcel. The conceptual area plan is for illustrative purposes only and does not constitute a survey, parcel map, legal lot line or separate APN. The definitive TIC Agreement and related documents are intended to address ownership percentages, exclusive-use rights, access, maintenance and repair responsibilities, insurance, property-tax allocation, shared expenses, lender protections, transfer rights, dispute resolution and other ownership m...
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.7 |
| Square foot | 2,783 | 2,809.518 |
| Lot Size | 4,768 | 12,330.107 |
| Price | $4.70M | $3.70M |
| Price per sq ft | $1.7K | $1.3K |
| Built year | 1988 | 1980 |
| HOA | $0 | $548 |
| Days on market | 24 | 55 |
Aug 25, 2026
$4,695,000
$4,595,000
+2% Price Increase
Initial Listing
Aug 16, 2026
$4,595,000
Initial Listing
Feb 22, 2024
$3,185,000
Public Record