7372-7374 Fay Ave, La Jolla, CA 92037

Property Description

Two beautifully renovated residences in one detached La Jolla Village duplex. Offered as one proposed tenancy-in-common (TIC) interest with exclusive-use rights to the entire rear building and its designated areas. The duplex offers approximately 1,854 SF of combined living space across two 2BR/1BA residences. Each features a private entrance, its own kitchen and laundry, contemporary finishes and professionally designed interiors. The upper residence enjoys ocean views. Both residences are offered fully furnished and equipped. The two-residence configuration provides flexibility for personal use, furnished rentals or occupying one while renting the other, subject to applicable regulations and the final TIC Agreement. Designated parking and outdoor areas complement access from Bishops Lane. The proposed Rear Interest includes approximately 2,600 SF of designated exclusive-use land area, including the building's footprint and assigned rear areas. The property remains one legal parcel/APN containing this duplex and a separate detached front residence. The buyer would acquire an undivided ownership interest in the overall property, with contractual exclusive-use rights to the duplex and its assigned areas established by the final TIC Agreement. This is not a separately subdivided parcel or condominium. Enjoy a Village setting near La Jolla's beaches, restaurants, shopping and galleries. Two separate residences, a detached building and a La Jolla Village setting distinguish this proposed Rear tenancy-in-common (TIC) offering at 7372-7374 Fay Avenue. The duplex consists of two extensively renovated 2-bedroom, 1-bath residences with approximately 1,854 SF of combined interior living space. Each has its own private entrance, kitchen and laundry, along with contemporary finishes and professionally designed interiors. The upper residence offers ocean views. Both residences are offered fully furnished and equipped. The two-residence layout offers flexibility for using both homes personally, occupying one while renting the other, or operating both as furnished rentals, subject to applicable law and the final TIC Agreement. Designated rear parking and outdoor areas complement access from Bishops Lane. The proposed Rear Interest is associated with exclusive occupancy and use of the entire detached duplex, including both residences and the rear areas assigned in the final documents. Its owner would have exclusive use of both rear residences under that agreement. The Front Interest would be associated with the separate detached front home. Approximately 2,600 SF of designated exclusive-use land area is contemplated for the Rear Interest, including the duplex building's footprint and designated access, parking and outdoor areas. This figure describes a proposed use allocation within the overall property. The property currently remains one legal parcel under one APN. A buyer would acquire a deeded, undivided ownership interest in the overall property together with contractual exclusive-use rights to the duplex and assigned rear areas. The proposed structure consists of two TIC interests: one associated with the front residence and one associated with the entire rear duplex. The rear building is not a separately subdivided parcel or condominium. Ownership percentages, exclusive-use boundaries, access rights and shared responsibilities will be established in the definitive attorney-prepared TIC Agreement and related exhibits. These documents will address maintenance, utilities, insurance, property taxes, repairs, transfers, lender protections and other ownership matters. Set near La Jolla's beaches, dining, shopping and galleries, the duplex combines a central Village location with the flexibility of two distinct residences.