7940 University Avenue 34, La Mesa, California 91942, La Mesa, 91942 - 2 bed, 2 bath
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La Mesa, California 91942
This Two-Bedroom Townhouse represents a High-Potential Investment Opportunity with a List Price of $420,000, positioned at its $420,000 Fair Market Value. Currently holding a Fair Condition Rating, this approved short sale offers significant forced appreciation potential through interior modernization of the original kitchen and baths. Located in a secure Gated Community within the Grossmont Union High School District, the property is minutes from the Top-Rated La Mesa Arts Academy and Rolando Elementary School. This asset is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build wealth through renovation.
Property is moderate renovation needed.
The property was built in 1980 and the images suggest that the kitchen and bathrooms are original or have not been significantly updated in many years. The kitchen cabinets appear dated, and the appliances are not modern. The bathroom vanity and fixtures also show signs of age. While the property is described as needing 'some upgrades' and having a 'great floor plan,' the overall condition, particularly in the kitchen and bathrooms, points to a 'fair' condition, requiring minor to moderate updates to meet current standards.
Situated in a highly desirable La Mesa location, offering walking distance to downtown shops, restaurants, and public transportation, with convenient access to major highways.
Located within a secure gated community, providing an added layer of privacy and security for residents.
The complex features well-maintained common areas and a community pool, enhancing the lifestyle and recreational opportunities for residents.
The property is in need of some upgrades, indicating potential for additional investment to modernize and enhance its appeal.
As an approved short sale, the transaction may involve a longer closing period and potential complexities due to lender approval.
With only 1.5 bathrooms for two bedrooms, this may be a consideration for larger households or those who prioritize multiple full bathrooms.
Opportunity Awaits in a Prime La Mesa Location! This two-bedroom, 1.5-bath townhouse offers a spacious layout with a great floor plan that’s ready for your personal touch. Located in a gated community just blocks from downtown La Mesa, you’ll enjoy walking distance to shops, restaurants, and public transportation. While the unit is in need of some upgrades, it provides an excellent foundation with generous living space, a private patio, and large bedrooms. The complex includes well-maintained common areas, a community pool, and parking, with a prime location that’s just minutes from major highways. With some TLC, this townhouse could be the perfect place to call home or a great investment in the heart of La Mesa. Don't miss this opportunity to secure an affordable two-bedroom property in one of San Diego's most desirable neighborhoods!
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades 7-8 • 0.6 mi
Grades 4-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 990 | 1,186 | 12% |
| Lot Size | 81,232 | 1,306.8 | 71% |
| Price | $420.0K | $605.0K | 12% |
| Price per sq ft | $424 | $502 | 6% |
| Built year | 1980 | 1974 | 82% |
| HOA | $430.0 | $425 | 76% |
| Days on market | 444 | 179 | 0% |
Apr 18, 2026
$420,000
$400,000
+5% Price Increase
Initial Listing
Oct 23, 2025
$400,000
Initial Listing
Feb 2, 2025
$475,000
Initial Listing