7372-7374 Fay Ave, La Jolla, CA 92037

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. A unique opportunity to acquire the proposed fractional ownership interest associated with an entire detached duplex in one of La Jolla’s most desirable Village locations. The detached rear building consists of two separate, extensively renovated 2-bedroom, 1-bath residences totaling approximately 1,854 square feet of living area. 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 have been professionally designed and furnished for high-end rental use and are currently offered as furnished short-term and month-to-month rentals. For simplified tenant access and directions, the residences are presently operated using the addresses 7372 and 7374 Bishops Lane. Unlike a typical shared vacation-property fractional offering, the proposed Rear TIC Interest is intended to provide its owner exclusive possession, control and use of the entire detached rear duplex and its designated associated areas, subject to the definitive TIC Agreement and exhibits. The purchaser would control both rear residences rather than sharing occupancy of a dwelling with unrelated fractional owners. This creates multiple potential uses: continue operating both as furnished rentals, occupy one while renting the other, extended-family use, personal use of both residences, or other lawful uses. The overall property consists of a detached front residence and detached rear duplex on one legal parcel/APN. The contemplated two-interest TIC structure allocates exclusive-use rights between a Front Interest and Rear Interest while each owner holds an undivided percentage interest in the underlying real property. The proposed Rear Interest is intended to include exclusive-use rights to the entire detached rear duplex, both 2BR/1BA residences, designated parking, designated outdoor areas and applicable access areas as established by the definitive exclusive-use exhibit. Fractional TIC financing is available, subject to buyer qualification, lender underwriting, appraisal and applicable loan requirements. Contact listing broker for additional financing information. The exact ownership percentage, exclusive-use boundaries, access rights, maintenance obligations, insurance requirements, property-tax allocation, transfer provisions, lender protections and other rights and obligations will be established in the definitive attorney-prepared TIC Agreement and related documents. Property remains one APN. This offering does not represent a separately subdivided fee-simple parcel or condominium. Buyer should independently review and approve all final TIC, title, financing, insurance and legal documentation. Ownership: Tenancy in Common (TIC). Sale includes an undivided fractional fee ownership interest in the underlying real property together with exclusive-use rights to the detached rear duplex and designated rear areas, subject to the final TIC Agreement and exclusive-use exhibit. Property currently consists of one legal parcel/APN. Listing Broker has a financial interest in the property.