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$2,595,000

Est. payment - /mo

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4 Beds

2 Baths

1,854 SqFt

New

7372 Fay Ave La Jolla, CA 92037

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,854 sqft

Price per Sqft $1,399

Subdivision La Jolla

MLS Listing ID 260020046SD

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1964

Property Sub-Type Duplex

Property Description

Rare opportunity to acquire the proposed fractional ownership interest associated with an entire detached duplex in the heart of La Jolla Village. The offering consists of two beautifully renovated and professionally designed 2-bedroom, 1-bath residences with approximately 1,854 combined square feet living area, together with designated parking and outdoor areas. Lower residence: approx. 962 SF, 2BR/1BA. Upper residence: approx. 862 SF, 2BR/1BA with ocean views. Designated Lot size use of approx. 2,600 SF. Both residences are currently offered as fully furnished short-term and month-to-month rentals and are operated using the addresses 7372 and 7374 Bishops Lane for simplified tenant access and directions. Each residence features a private entrance, kitchen, laundry, high-end finishes and furnishings, providing exceptional flexibility for investment, extended family, personal use, or occupying one residence while renting the other. The proposed ownership structure conveys an undivided tenancy-in-common (TIC) interest in the underlying real property together with exclusive-use and occupancy rights to the entire detached rear duplex and designated associated areas. Property currently consists of one APN. Fractional TIC financing is available, subject to buyer qualification, lender underwriting, appraisal and applicable loan requirements. Just blocks from La Jolla's beaches, restaurants, shopping and galleries. Final ownership percentage, exclusive-use boundaries and definitive TIC documentation to be established through the final legal and title process.

Location

State CA

County San Diego

Area 92037 - La Jolla

Zoning R-2:MINOR

Interior

Heating Natural Gas, See Remarks

Cooling See Remarks, Wall/Window Unit(s)

Flooring Tile

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Tankless Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Driveway, Other, Uncovered

Pool None

View Y/N Yes

View Ocean

Porch None

Total Parking Spaces 6

Private Pool No

Building

Story Multi/Split

Entry Level Multi/Split

Level or Stories Multi/Split

Others

Tax ID 3510612500

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Roman Cedillo AppleTree Real Estate Inc #01757107

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