Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

2

Building size

1,854 sqft

Year built

1964

Garage spaces

0

Heating

Natural Gas,See Remarks

Cooling

Wall/Window Unit(s),See Remarks

Pool

None

View

Ocean

Status

Active

Days on market

1

MLS #

246025774

About this property

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

7372 Fay Ave

La Jolla, San Diego, CA, 92037