7376 Fay Ave, La Jolla, California 92037

$4,495,000

Property Type

Residential

Bedrooms

4

Bathrooms

3

Square Feet

2,783 sqft

City

La Jolla

Status

Active

Ocean-view rooftop entertaining in the heart of La Jolla Village. This extensively renovated, detached 4BR/3BA residence is offered with exclusive-use rights to the entire front home and its designated areas. Approximately 2,783 SF of interior living space is complemented by an expansive rooftop entertainment deck of approximately 1,600 SF with ocean views. An open-concept layout, contemporary finishes and indoor/outdoor living create an inviting coastal setting. Offered fully furnished and equipped. The proposed Front Interest includes exclusive use of the residence, attached garage, rooftop deck, Fay Avenue driveway, designated parking, yards, patios and landscaping. Approximately 4,768 SF of designated exclusive-use land area includes the home's footprint. The property consists of one legal parcel/APN containing the front residence and a physically separate rear duplex. The proposed two-interest TIC structure provides for undivided ownership in the property with contractual exclusive-use rights established by the final TIC Agreement. The rear duplex and its designated areas would comprise the separate Rear Interest. This offering is for the Front Interest only; the front residence is not a separately subdivided parcel. In the heart of La Jolla Village, 7376 Fay Avenue combines the setting of a detached residence with expansive rooftop entertaining and ocean views. The extensively renovated 4BR/3BA home offers approximately 2,783 SF of interior living space plus an approximately 1,600 SF rooftop deck. An open-concept layout, contemporary finishes and indoor/outdoor living create a comfortable setting for everyday use and entertaining. The rooftop deck offers room for outdoor dining, lounging and gathering against a coastal backdrop, while yards, patios and landscaping add outdoor spaces at ground level. The home is offered fully furnished and equipped. Offered furnishings include furniture, televisions, window coverings, kitchenware, linens and towels. An attached garage, Fay Avenue driveway and designated parking are included in the proposed exclusive-use allocation. This offering is for a proposed Front tenancy-in-common (TIC) interest associated with exclusive use of the entire detached front residence, rooftop deck and designated front areas. The conceptual allocation includes approximately 4,768 SF of exclusive-use land area, including the home's footprint, garage, driveway, designated parking, yards, patios and landscaping. The rooftop deck is separate from that land-area measurement. The overall property contains the front residence and a physically separate rear duplex on one legal parcel/APN. Under the proposed two-interest structure, ownership would be an undivided interest in the overall property, with contractual exclusive-use rights to the front residence and assigned areas established through the final TIC Agreement. The rear duplex and its designated areas would comprise the separate Rear Interest. The front residence is not a condominium or separately subdivided parcel.