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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$2,595,000

Est. payment - /mo

4 Beds

2 Baths

1,854 SqFt

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Key Details

Property Type Multi-Family

Sub Type Twinhome

Listing Status Active

Purchase Type For Sale

Square Footage 1,854 sqft

Price per Sqft $1,399

Subdivision La Jolla

MLS Listing ID 260020046

Bedrooms 4

Full Baths 2

Year Built 1964

Property Sub-Type Twinhome

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

Community Other/Remarks

Area Coastal South

Zoning R-2:MINOR

Direction The rear duplex units at 7372 and 7374 Fay Ave are accessed from Bishops Lane.

Interior

Heating Other/Remarks

Cooling Wall/Window, Other/Remarks

Flooring Linoleum/Vinyl, Tile

Fireplace No

Appliance Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer

Laundry Electric, Gas

Exterior

Parking Features None Known

Fence Full

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

View Ocean

Roof Type Other/Remarks

Total Parking Spaces 6

Building

Lot Description Ocean, Other/Remarks

Water Meter on Property

Schools

School District San Diego Unified School Distric

Others

Senior Community No

Tax ID 351-061-25-00

Acceptable Financing Cash, Conventional, Special Funding

Listing Terms Cash, Conventional, Special Funding

Special Listing Condition Other/Remarks

Virtual Tour https://my.matterport.com/show/?m=oJox9Nx2Bz2&mls=1

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Listed by Roman Cedillo, DRE#01757107 AppleTree Real Estate Inc

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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7372-7374 Fay Ave La Jolla, CA 92037