7940 University Avenue, 22, La Mesa, CA 91942
7940 University Avenue, 22, La Mesa, CA 91942
Property Description
**ASSUMABLE VA LOAN + SUBJECT-TO / CREATIVE FINANCING OPPORTUNITY!**Ask about the opportunity to assume the seller’s existing VA loan or potential subject-to and creative financing options, subject to seller approval and applicable loan requirements. Welcome to this charming 2-bedroom, 1.5-bath two-story condo in the heart of La Mesa! Offering 990 sq. ft. of comfortable living space with an open floor plan, spacious bedrooms, in-unit laundry, central A/C and plenty of storage. Located in a gated community with a pool and conveniently close to Downtown La Mesa, shopping, restaurants, SDSU and major freeways. A unique opportunity with flexible financing possibilities in a convenient central location!
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
La Mesa · Condominium
Listed 8.2% below the median closed sale of $490,000. Price per sqft ($455) is a 23% discount to closed comps ($588).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 7940 University Avenue | La Mesa | 1980 | 2 | 2 | 990 | 0 | $470 | $465,000 | 31 | 94 |
| 4281 Lowell Street | La Mesa | 1978 | 2 | 2 | 938 | 46,174 | $479 | $449,000 | 39 | 85 |
| 4800 Williamsburg Lane | La Mesa | 1969 | 2 | 2 | 995 | 110,642 | $462 | $460,000 | 82 | 84 |
| 8000 University Avenue | La Mesa | 1980 | 1 | 1 | 880 | 0 | $453 | $399,000 | 96 | 83 |
| 7508 Parkway Drive | La Mesa | 1979 | 2 | 1 | 855 | 133,294 | $468 | $399,900 | 23 | 78 |
| Total: 5 · Average | 1.8 | 1.6 | 931.6 | 96,703.333 | $466.4 | $434,580 | 54.2 | |||
| Median | 938 | $449,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4475 Dale Avenue | La Mesa | 1969 | 05/08/2026 | 2 | 2 | 905 | 85,780 | $499,000 | $500,000 | $552 | 1.00 | 52 | 85 |
| 4847 Williamsburg Lane | La Mesa | 1990 | 12/02/2025 | 2 | 2 | 1,088 | 100,188 | $494,000 | $491,000 | $451 | 0.99 | 46 | 83 |
| 4847 Parks Avenue | La Mesa | 2000 | 04/27/2026 | 2 | 2 | 769 | 25,700 | $485,000 | $490,000 | $637 | 1.01 | 40 | 74 |
| 8150 Lemon Avenue | La Mesa | 1974 | 09/30/2026 | 1 | 1 | 554 | 1 | $420,000 | $410,000 | $740 | 0.98 | 97 | 69 |
| 4847 Williamsburg Lane | La Mesa | 1990 | 01/21/2026 | 1 | 1 | 760 | 2 | $435,000 | $425,000 | $559 | 0.98 | 19 | 67 |
| Total: 5 · Average | 1.6 | 1.6 | 815.2 | 42,334.2 | $463,200 | $463,200 | $587.8 | — | 50.8 | ||||
| Median | 769 | $490,000 | $490,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.