7376 Fay Ave
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7376 Fay Ave

D

La Jolla, CA 92037

$6,995,000
NEW — 0d on market

Soft Appraisal Value: $6,592,300 · 6.1% above estimate

Beds

8

Baths

5

Sqft

4,637

Year Built

1988

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008294SD

This property is in La Jolla (92037). View neighborhood stats →

View on MLS

About This Property

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)
%

Location

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Comparable Properties

1 comp found

This Property

$10,228

vs

Comp Average

$9,781

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

Investment Score

0D
Est. Monthly Rent
$10,228
Monthly Cashflow

Rent − PITIA

$-34,178
Full Cashflow

Incl. vacancy, PM, maint, capex

$-42,359

Mortgage (P+I)
$35,371
Cap Rate
-1.20%
Cash-on-Cash
-36.33%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.23
Break-even Rent
$65,240

NOI (Annual)
$-83,863
Price-to-Rent

Lower = better for investors

57.0

* 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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