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$ 6,795,000
Est. payment /mo
Active
7372 7376 Fay Ave La Jolla, CA 92037
7,365 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision La Jolla
MLS Listing ID 260025796SD
HOA Y/N No
Year Built 1988
Lot Size 7,365 Sqft
Property Description
Three residences, ocean views and a La Jolla Village setting come together in this distinctive compound. Designed by award-winning architect Stephen Borow, the detached front house offers 4 bedrooms, 3 bathrooms and approximately 2,783 SF. A separate rear duplex adds two 2-bedroom, 1-bathroom residences and approximately 1,854 SF, for a combined 8 bedrooms, 5 bathrooms and approximately 4,637 SF. The main home's approximately 1,600 SF rooftop deck features ocean views, a fireplace, BBQ area and space to dine, lounge and entertain. Renovated interiors include concealed bedroom blackout shades, LED lighting, integrated speakers, heated bathroom floors and smart-home features. Each rear residence has its own entrance, kitchen and laundry; the upper residence enjoys ocean views. Access from Fay Avenue and Bishops Lane, six off-street parking spaces along Bishops Lane and EV charging add convenience. All three residences are currently set up for short-term rental use, subject to applicable requirements. All furniture and electronics are available for purchase with the property, subject to agreement. Preliminary lot-split planning has begun, providing a starting point for a new owner to continue the process and explore potential future value, subject to City approval. Enjoy proximity to beaches, restaurants, boutiques and galleries, with flexibility for a primary residence, extended family, guests, private offices or rental use. Discover a versatile La Jolla Village compound that combines a distinctive main residence with two separate living spaces in a detached rear duplex. The front house, designed by award-winning architect Stephen Borow, offers 4 bedrooms, 3 bathrooms and approximately 2,783 SF. The rear building contains two 2-bedroom, 1-bathroom residences totaling approximately 1,854 SF. Together, the property offers approximately 4,637 SF with 8 bedrooms and 5 bathrooms. The main residence pairs renovated interiors with an approximately 1,600 SF rooftop entertaining deck. Ocean views, a fireplace, BBQ area and room for dining and lounge seating create a setting for sunset gatherings and outdoor living. Interior upgrades include concealed bedroom blackout shades, LED lighting, integrated speakers, heated bathroom floors, camera surveillance and smart-home features. An attached garage, driveway access from Fay Avenue, patios and landscaped areas complement the home. The detached rear duplex offers independent access from Bishops Lane. Each residence has a separate entrance, its own kitchen and laundry, and renovated interiors with contemporary finishes. The upper residence enjoys ocean views. Six off-street parking spaces along Bishops Lane and EV charging add convenience to the compound. All three residences are currently set up for short-term rental use. All furniture and electronics are available for purchase along with the property, subject to agreement, giving buyers the option to acquire the existing furnished setup. Future rental use remains subject to applicable permits and requirements. The layout also supports a range of personal uses: a main residence with separate accommodations for extended family and guests, a coastal retreat with room for visiting households, or a combination of personal occupancy and rental use. The physical separation between the front home and rear building, along with the rear residences' individual kitchens, entrances and laundry facilities, allows occupants to maintain separate daily routines. Preliminary lot-split planning has already begun. A new owner can build on the work completed to date and continue pursuing the proposed split, subject to City requirements and approval. This provides an opportunity to explore potential future value beyond the property's existing configuration. With beaches, restaurants, boutiques and galleries nearby, the property offers a convenient base for enjoying La Jolla Village. The entire compound is offered together.
Location
State CA
County San Diego
Area 92037 - La Jolla
Building/Complex Name NA
Zoning R-2:MINOR
Interior
Heating Combination, Electric, Forced Air, Natural Gas
Cooling Central Air, See Remarks
Fireplace No
Appliance Gas Water Heater, Tankless Water Heater
Exterior
Pool None
View Y/N Yes
View Ocean
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 3510612500
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA
Listing Terms Cash, Conventional, Cal Vet Loan, FHA
Virtual Tour https://my.matterport.com/show/?m=spjd5HXYveD&mls=1
Listed by Roman Cedillo AppleTree Real Estate, Inc #01757107