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7376 Fay Ave, La Jolla, California 92037, La Jolla, 92037 - 8 bed, 5 bath

7376 Fay Ave, La Jolla, California 92037 home-pic-0
ACTIVE$6,995,000
7376 Fay Ave, La Jolla, California 92037
8Beds
5Baths
4,637Sqft
7,368Lot
Year Built
1988
Close
-
List price
$7M
Original List price
$7M
Price/Sqft
$1,509
HOA
-
Days on market
-
Sold On
-
MLS number
250045886SD
Home ConditionExcellent
Features
Excellent View: Mountain(s), Ocean
Deck
Patio
ViewMountain(s), Ocean

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $7.00M(87th), sqft - 4637(87th), beds - 8(99th), baths - 5(73th).

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!

Nearby schools

9/10
La Jolla Elementary School
Public,•K-5•0.2mi
8/10
Muirlands Middle School
Public,•6-8•0.5mi
8/10
La Jolla High School
Public,•9-12•0.4mi

Price History

Date
Event
Price
12/17/25
Listing
$6,995,000
02/22/24
Sold
$3,185,000
Condition Rating
Excellent
This property, though built in 1988, has been 'fabulously recently remodeled' with 'Smart and high end features,' as explicitly stated in the description. The images confirm a comprehensive, high-quality renovation, showcasing a modern aesthetic throughout. The kitchen features sleek, flat-panel cabinetry, integrated high-end appliances (like double ovens), and contemporary fixtures. Bathrooms are equally modern with floating vanities, double sinks, and heated floors. All flooring, lighting (recessed LEDs), and finishes appear brand new and meet current luxury standards. The recent sale in February 2024 further supports the claim of a very recent, extensive renovation, aligning perfectly with the 'extensively renovated within 5 years' criterion for an excellent score. While central AC isn't explicitly mentioned, the overall smart home features and high-end finishes indicate a property in pristine, virtually new condition.
Pros & Cons

Pros

Great Schools: Elementary School: La Jolla Elementary School (9/10).
Prime La Jolla Village Location: The property is situated in the highly desirable La Jolla Village, offering a prestigious address and access to a sought-after coastal lifestyle.
Exceptional Income-Generating Potential: This unique triplex compound includes a detached duplex with separate entrances, fully furnished and vacation rental ready, providing immediate and significant income opportunities.
Extensive Recent Remodel & Smart Home Technology: The property has undergone a fabulous recent remodel, incorporating high-end finishes and advanced smart home features such as heated bathroom floors, hidden blackout shades, LED lighting, speakers, and camera surveillance.
Panoramic Ocean Views & Luxurious Outdoor Living: The top duplex unit and the main house's expansive 1,600 sq ft rooftop offer stunning ocean views, complemented by a fireplace and BBQ for premium outdoor entertaining.
Top-Rated Schools & Modern Amenities: Located within an excellent school district (K-12) with high ratings and close proximity, the property also features practical amenities including 6 assigned parking spaces and EV charging stations.

Cons

Aggressive Price Appreciation: The current listing price of $6.995M represents a substantial increase from its last sale price of $3.185M in February 2024, which may lead to buyer scrutiny regarding market value justification.
Potential Zoning/Permitting Ambiguity: Despite being described as a 'Triplex compound' with a 'Duplex,' the property's sub_type is listed as 'Single Family Residence,' which could raise questions about legal multi-unit use, zoning compliance, or necessary rental permits.
Lack of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant comfort drawback during warmer months, especially for a high-value property in this region.

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