7200 Melody Ln 2, La Mesa, California 91942, La Mesa, 91942 - 3 bed, 2 bath
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La Mesa, California 91942
This Value-Add Townhome represents a strategic acquisition in the desirable La Mesa market. Listed at $699,000 against a $580,925 Fair Market Value, the price reflects the property's rare private garage and significant Value-Add Potential. Currently holding a Condition Rating: 5, the interior features vaulted ceilings and private patios in original 1975 condition. Located near Top-Rated Schools like La Mesa Arts Academy, the property offers a clear path to forced appreciation through modernization. This is an ideal project for Fix-and-Flip Investors or Contractors looking to build equity in a stable community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7200 Melody Ln 2 Subject | $649,000* List Price | 3 | 2 | 1,379 | $422 | - |
A 5440 Baltimore Drive Sold | $545,000 | 2 | 2 | 1,086 | $502 | 0.6 mi |
B 5430 Baltimore Drive 70 Active | $739,000 List Price | 3 | 3 | 1,335 | $554 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in entirely original 1975 condition, meeting the criteria for finishes aged 30-50 years. The interior features heavily stained and matted red carpeting, outdated wood paneling, and popcorn ceilings. The kitchen and bathrooms are completely un-renovated, featuring 50-year-old harvest gold appliances and original laminate cabinetry. While the structure is described as having 'great bones,' the home requires a total interior rehabilitation to be considered modern or move-in ready.
The property is both VA and FHA approved, making it an accessible and attractive option for veterans and first-time homebuyers with low down payment requirements.
Rare for a townhome, this unit includes its own private garage plus two additional parking spaces, offering exceptional convenience for multi-vehicle households.
With vaulted ceilings and 'great bones,' this home serves as an ideal project for investors or DIY buyers looking to build equity through a custom remodel.
Built in 1975 with all original finishes, the property requires a significant investment in modern updates and cosmetic renovations throughout.
The $450 monthly association fee represents a substantial recurring expense that buyers must factor into their overall affordability and debt-to-income ratio.
Wonderful two level vaulted ceiling townhome in the lovely Murray Hill Townhome community. Home has all original finishes making it a great project to make your own! Light and bright with its own garage, private patios and two extra parking spaces. Walkable to a beautiful pool and spa and recreation area. Great bones - bring your remodel ideas! VA and FHA Approved!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 1.7 mi
Grades 4-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 59% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,379 | 1,313 | 59% |
| Lot Size | - | 1,286 | 41% |
| Price | $649.0K | $615.0K | 59% |
| Price per sq ft | $471 | $502 | 24% |
| Built year | 1975 | 1974 | 59% |
| HOA | $450.0 | $425 | 82% |
| Days on market | 33 | 168 | 18% |
Apr 14, 2026
$649,000
$699,000
-7% Price Drop
Initial Listing
Mar 20, 2026
$699,000
Initial Listing