7940 University Ave 1, La Mesa, California 91942, La Mesa, 91942 - 2 bed, 2 bath
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7940 University Ave 1
La Mesa, California 91942
ACTIVE
CONDITION: GOOD
2Beds
2Baths
990Sq Ft
0Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$504,510
8% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $549,000—positioned above the $517,108 Fair Market Value. While priced slightly above the estimated market value, the property features a Condition Rating of 3, boasting modern interior updates, stainless steel appliances, and a Spectacular City Lights View. Located just two minutes from La Mesa Village, this unit offers an exceptional lifestyle for those prioritizing walkability and convenience. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready home in a vibrant, highly desirable neighborhood.
Estimated Market Value
$504,510
Based on Realkey algorithm analyzing recent comparable sales in La Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7940 University Ave 1 Subject 2 bd · 2 ba · 990 sqft · $510 | $549,000* List Price | 2 | 2 | 990 | $510 | - |
A 5470 Baltimore Dr 20 Sold 2 bd · 2 ba · 1,051 sqft · $595 · 1.0 mi | $625,000 | 2 | 2 | 1,051 | $595 | 1.0 mi |
B 4800 Williamsburg Lane 236 Sold 2 bd · 2 ba · 995 sqft · $465 · 0.5 mi | $462,500 | 2 | 2 | 995 | $465 | 0.5 mi |
C 5350 Baltimore Dr 19 Sold 2 bd · 2 ba · 967 sqft · $486 · 0.8 mi | $470,000 | 2 | 2 | 967 | $486 | 0.8 mi |
D 5350 Baltimore Drive Unit 47 Sold 2 bd · 2 ba · 967 sqft · $491 · 0.8 mi | $475,000 | 2 | 2 | 967 | $491 | 0.8 mi |
E 7780 Parkway Drive 1602 Sold 3 bd · 2 ba · 1,321 sqft · $447 · 0.7 mi | $590,000 | 3 | 2 | 1,321 | $447 | 0.7 mi |
F 5359 Aztec 26 Sold 2 bd · 2 ba · 1,263 sqft · $498 · 0.9 mi | $629,000 | 2 | 2 | 1,263 | $498 | 0.9 mi |
G 7940 University Avenue 14 Active 2 bd · 2 ba · 990 sqft · $470 · 0.0 mi | $465,000 List Price | 2 | 2 | 990 | $470 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1980, the condo has been well-maintained and features recent interior updates, including upgraded laminate flooring, beautifully updated bathrooms, and modern stainless steel kitchen appliances. The interior is fully functional and move-in ready, despite the exterior of the complex showing typical signs of age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just two minutes from La Mesa Village, the property offers exceptional walkability and access to popular dining, shopping, and local entertainment.
- Modern Interior Upgrades
The unit features upgraded flooring and beautifully renovated bathrooms, providing a move-in-ready aesthetic that appeals to contemporary buyers.
- Corner Unit with Views
As a bright corner unit, the home benefits from increased natural light and offers spectacular city light views, enhancing both privacy and the overall living experience.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The $500 monthly association fee represents a significant recurring cost that may impact buyer affordability and debt-to-income ratios.
- Lower School Ratings
The assigned high schools in the district carry lower performance ratings, which could be a drawback for families prioritizing educational quality.
About 7940 University Ave 1
Prime condo location just two minutes from La Mesa Village! This bright and spacious corner unit features two bedrooms and one-and-a-half baths, along with a spectacular view. The home offers upgraded flooring and beautifully updated baths, plus the convenience of in-unit laundry. Additional amenities include HOA on-site laundry facilities and garage parking just steps from the unit. A wonderful opportunity in a highly desirable location close to shopping, dining, and all that La Mesa Village has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $500.0 / Month
Neighborhood Insights
La Mesa Unified Schools
Rolando Elementary School
Grades K-6 • 1.2 mi
4/10
La Mesa Middle School
Grades 7-8 • 0.6 mi
0/10
La Mesa Arts Academy
Grades 4-8 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 990 | 1,006.389 |
| Lot Size | - | 142,447.494 |
| Price | $549.0K | $507.3K |
| Price per sq ft | $555 | $522 |
| Built year | 1980 | 1978 |
| HOA | $500.0 | $463 |
| Days on market | 37 | 61 |
Pricing History
Listed for Sale
Sep 18, 2026
$549,000
Initial Listing
Sold
May 8, 2024
$500,000
Public Record
Sold
Nov 27, 2019
$310,000
Public Record
Sold
Oct 13, 2015
$240,000
Public Record
Sold
Apr 13, 2010
$195,000
Public Record