7376 Fay Ave

7376 Fay Ave

Dbottom 20%

La Jolla, CA 92037

$4,495,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

This parcel holds a short-term rental license: Tier 3 (whole home), through Jun 2027. It doesn’t transfer: a buyer applies for their own.

193 licensed short-term rentals within ½ mile (149 whole home), from the cities' license and permit lists of Nov 8, 2026.

Pass at asking: -$27,685/mo full cashflow at 20% down, 7.43% rate.

Works at $890,322 (80% under asking); even all cash loses money at asking.

Rent $8,881/mo from 21 leases of 3–5 bed houses within 0.5 mi ($7,702–$12,602).

Beds

4

Baths

3

Sqft

2,783

Year Built

1988

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026657SD

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

About This Property

Designed by award-winning architect Stephen Borow, this extensively renovated detached residence offers distinctive architecture and coastal living in La Jolla Village. Approximately 2,783 SF includes 4 bedrooms and 3 bathrooms, with an open layout, contemporary finishes and inviting connections to outdoor living areas. The approximately 1,600 SF rooftop deck is a standout, pairing ocean views with a fireplace, BBQ area and generous room for dining, lounging and entertaining. Enjoy sunset gatherings above the Village or a quiet evening under the stars. Thoughtful upgrades throughout the home include concealed bedroom blackout shades, LED lighting, integrated speakers, heated bathroom floors and camera surveillance. Offered furnished and equipped, the residence provides a welcoming setting for a primary home or coastal retreat. An attached garage, driveway access from Fay Avenue, patios and landscaped outdoor areas complement the interior spaces. The Village location places beaches, restaurants, boutiques and galleries nearby, making it easy to enjoy the surroundings. From the rooftop views to the renovated interiors, this home brings together architectural character, modern conveniences and the indoor-outdoor lifestyle that makes La Jolla so appealing. Designed by award-winning architect Stephen Borow, this detached La Jolla Village residence combines architectural character with extensively renovated interiors and generous outdoor living space. The home offers approximately 2,783 SF with 4 bedrooms and 3 bathrooms, providing flexibility for everyday living, visiting family, guests or a home office. An open layout and contemporary finishes create an inviting setting for both relaxed evenings and entertaining. The approximately 1,600 SF rooftop deck is a defining feature of the home. Ocean views, a fireplace and a BBQ area set the stage for outdoor dining, sunset gatherings and evenings under the stars. With room for separate dining and lounge areas, the rooftop extends the home's entertaining space and offers a place to enjoy coastal breezes and the surrounding Village setting. Inside, renovations pair contemporary design with features that enhance everyday comfort. Concealed blackout shades in the bedrooms, LED lighting, integrated speakers and heated bathroom floors are among the upgrades. Smart-home features and camera surveillance add convenience, while patios and landscaped outdoor areas provide additional places to relax and gather. The residence is offered furnished and equipped, allowing buyers to appreciate the home as a complete living environment. The four-bedroom layout accommodates a range of needs, whether as a primary residence or a coastal retreat with space for family and friends. An attached garage and driveway access from Fay Avenue complement the home's indoor and outdoor amenities. The Village location brings beaches, restaurants, boutiques and galleries nearby. Enjoy a day along the coast, explore local dining and shopping, then return to your own rooftop for an evening overlooking the ocean. The combination of a detached residence, distinctive architecture, renovated interiors and an expansive ocean-view rooftop creates an inviting opportunity to enjoy the La Jolla lifestyle.

Mortgage Calculator

Est. Monthly Payment

$30,778

Principal & Interest$24,972
Property Tax$4,495
Insurance$1,311
%($899,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Jolla Elementary · grades K-5 · San Diego Unified

  • Middle

    Muirlands Middle · grades 6-8 · San Diego Unified

  • High

    La Jolla High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$8,881

21 leases of 3–5 bed houses within 0.5 mi · $7,702–$12,602

Blended 50/50 with the zip's market median ($7,862)

Monthly Cashflow

Rent − PITIA

-$21,897
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,685

What would make this work?

$27,685/mo short at 20% down; +$35,955/mo rent closes it.

Break-even price

80% under asking

$890,322
Break-even rent

$35,955/mo above the estimate

$44,836/mo
Cashflow at 35% down
−$23,003/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$24,972
Cap Rate
-0.61%
Cash-on-Cash
-36.95%
DSCR

Need ≥ 1.25 for DSCR loan

0.29

NOI (Annual)
-$27,233
Price-to-Rent

Lower = better for investors

42.2

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

Open Full Calculator
DCashflow−$27,685/mo