7376 Fay Ave
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7376 Fay Ave

D

La Jolla, CA 92037

$6,750,000
NEW — 1d

Soft Appraisal Value: $6,369,500 · 6.0% above estimate

Beds

8

Baths

5

Sqft

4,637

Year Built

1988

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260012187SD

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

About This Property

Rare La Jolla Village triplex compound offering luxury living, ocean views, and income potential in one of La Jolla’s most desirable coastal locations. The property features a recently remodeled detached front residence with 4 bedrooms, 3 bathrooms, and approx. 2,783 sq ft, plus a separately detached rear duplex totaling approx. 1,854 sq ft with its own independent access from Bishops Lane. Each duplex unit has 2 bedrooms, 1 bathroom, its own address, separate fenced entrance, assigned parking, and EV charger access. The lower unit is approx. 962 sq ft, and the upper unit is approx. 862 sq ft with ocean views. Both units are fully furnished down to curtains, TVs, cookware, linens, towels, and utensils, making them ready for immediate vacation rental, long-term rental, guest use, or extended-family living. The front home is designed for elevated coastal living and entertaining, highlighted by an approx. 1,600 sq ft rooftop deck with ocean views, fireplace, BBQ area, and generous gathering space. High-end and smart-home upgrades include hidden blackout bedroom shades, LED lighting, integrated speakers, heated bathroom floors, security cameras, upgraded screens, spring-water faucets throughout, and more. With approx. 4,637 total sq ft, multiple detached structures, six parking spaces off Bishops Lane, EV charging, ocean views, and day-one rental potential, this is a rare opportunity to own a flexible coastal compound in the heart of La Jolla Village. Rare La Jolla Village triplex compound offering luxury living, income potential, and exceptional flexibility just moments from the coast, restaurants, shops, schools, and everything the Village has to offer. The property features a recently remodeled detached front residence with 4 bedrooms, 3 bathrooms, and approximately 2,783 sq ft of living space, plus a separately detached rear duplex totaling approximately 1,854 sq ft with its own independent access from Bishops Lane. Each duplex unit has 2 bedrooms, 1 bathroom, its own address, separate fenced entrance, assigned parking, and EV charger access. The lower unit is approximately 962 sq ft, and the upper unit is approximately 862 sq ft with ocean views. Both units are fully furnished down to curtains, TVs, cookware, linens, towels, and utensils, making them ready for immediate use as vacation rentals, long-term rentals, guest quarters, or extended-family living. The front home is designed for elevated coastal living and entertaining, highlighted by an approximately 1,600 sq ft rooftop deck with ocean views, fireplace, BBQ area, and generous space for gatherings. The residence has been extensively updated with smart-home and high-end features, including hidden blackout bedroom shades, LED lighting, integrated speakers, heated bathroom floors, security cameras, upgraded screens, spring-water faucets throughout, and more. With a total of approximately 4,637 sq ft of living space, multiple detached structures, six parking spaces off Bishops Lane, EV charging, ocean views, and day-one rental income potential, this is a rare opportunity to own a flexible coastal compound in one of La Jolla’s most desirable Village locations. --------------- 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...

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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Comparable Properties

2 comps found

This Property

$13,555

vs

Comp Average

$13,353

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

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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