7376 Fay Ave

7376 Fay Ave

D

La Jolla, CA 92037

$6,995,000

Soft Appraisal Value: $6,571,500 · 6.4% above estimate

Beds

8

Baths

5

Sqft

4,637

Year Built

1988

Days on Market

51

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003401SD

Description

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!

Mortgage Calculator

Est. Monthly Payment

$44,406

Principal & Interest$35,371
Property Tax$6,995
Insurance$2,040
%($1,399,000)
%

Comparable Properties

1 comp found

This Property

$10,253

vs

Comp Average

$9,805

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$10,253
Monthly Cashflow

Rent − PITIA

$-34,153
Full Cashflow

Incl. vacancy, PM, maint, capex

$-42,340

Mortgage (P+I)
$35,371
Cap Rate
-1.20%
Cash-on-Cash
-36.32%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.23
Break-even Rent
$65,240

NOI (Annual)
$-83,632
Price-to-Rent

Lower = better for investors

56.9

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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