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7376 Fay Ave
1 / 20

7376 Fay Ave

D

La Jolla, CA 92037

$6,750,000

Soft Appraisal Value: $6,344,300 · 6.4% above estimate

Beds

8

Baths

5

Sqft

4,637

Year Built

1988

Days on Market

40

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008294SD

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

Virtual Tour

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

$42,850

Principal & Interest$34,132
Property Tax$6,750
Insurance$1,969
%($1,350,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$13,555
Monthly Cashflow

Rent − PITIA

$-29,296
Full Cashflow

Incl. vacancy, PM, maint, capex

$-38,038

Mortgage (P+I)
$34,132
Cap Rate
-0.69%
Cash-on-Cash
-33.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.32
Break-even Rent
$62,955

NOI (Annual)
$-46,880
Price-to-Rent

Lower = better for investors

41.5

* 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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