7735 University Ave La Mesa, CA 91942

$1,000,000 Sold Price as of 05/31/2019

-- Beds
-- Baths
2,592 Sq.Ft.

Off Market

$1,000,000 Sold Price as of 05/31/2019 Refinance Your Mortgage

Map preview of 7735 University Ave, La Mesa, CA 91942

Property Overview: 7735 University Ave La Mesa, CA has -- bedrooms, -- bathrooms, 2,592 living square feet and 9,477 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

7735 University Ave is currently an off market home in the city of La Mesa. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of La Mesa has a median list price of $899,900. The median price per/sqft for La Mesa is $551. With those numbers in mind, if you are looking to purchase a median priced home in La Mesa, CA and put 20% down you will need to save up $179,980 for the down payment and will need roughly $17,998 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in La Mesa the commission could be as much as $40,750. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 7735 University Ave

Last sold for $1,000,000 on May 31st, 2019

January, 2020
Jan 8, 2020

Date

Expired

CRMLS: 190001410

$1,150,000

Price
Mar 1, 2019

Date

Withdrawn

CRMLS: 190001410

$1,150,000

Price
Jan 7, 2019

Date

Active

CRMLS: 190001410

$1,150,000

Price
Listing provided courtesy of CRMLS

7735 University Ave presents an investor/builder with a unique development opportunity to convert an existing commercial building into 7 residential income units. Current Build Out: The property has 2 structures: a +/- 1,920 SF commercial retail building and an existing 1 bedroom apartment that sits above 3 garages. Proposed Build Out: Plans have been submitted to the City of La Mesa and propose building 4 studio units inside the commercial building and converting the existing garages into 2 studio units. The final unit mix will be (1) 1 bedroom unit and (6) studio units. Disclaimer Statement: The information provided has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.

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May, 2019
May 31, 2019

Date

Sold (Public Records)

Public Records

$1,000,000

Price
September, 2018
Sep 25, 2018

Date

Leased

CRMLS: 180041972

$700,000

Price
Aug 13, 2018

Date

Active

CRMLS: 180041972

$720,000

Price
Listing provided courtesy of CRMLS

+/- 1,920 SF Retail building - Potential to divide into 2 suites(2 restrooms already in-place) +/- 720 SF One Bedroom Apartment - balcony, walk-in closet, in-unit washer and dryer, 3 car garage Great value add opportunity with immediate upside. Seller Financing Available to qualified buyers. Owner/User - Utilize SBA financing and subsidize your payments with rents from the apartment Investors - Renovate and re-lease OR Redevelop into apartment units

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September, 2018
Sep 24, 2018

Date

Sold (Public Records)

Public Records

$700,000

Price
August, 2018
Aug 13, 2018

Date

Canceled

CRMLS: 180025596

--

Price
Listing provided courtesy of CRMLS

+/- 1,920 SF Retail Storefront +/- 900 SF Single Family Residential Building with 3 Car Garage · Monument Signage · Ability to Subdivide Retail Space into 2 Suites · Freeway Access to I-8 and Hwys 94 & 125 · 6 Surface Parking Spaces and Ample Street Parking Submit offers to: [email protected]

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Tax History for 7735 University Ave

Assessed Value (2020): $1,020,000

Year	Land Value	Improved Value	Assessed Value
2020	$612,000	$408,000	$1,020,000

About 7735 University Ave

Detailed summary of property

7735 University Ave is categorized with a use code of Retail Stores ( Personal Services, Photography, Travel) in La Mesa, CA 91942 and last sold on May 31, 2019 for $1,000,000. This property has -- bedrooms, -- bathrooms, roughly 2,592 living square feet, and sits on an approximately 9,477 square foot lot. Homes in La Mesa are selling for a median price of $815,000 and a median price per square foot of $589. Based on Ardent Real Estate Group's La Mesa Market Data, this home is sold 22.7% higher than the current median priced home. 7735 University Ave was last sold on May 31, 2019 for $1,000,000. Local nearby listings include 6 Poppy Hills Rd, 14 Coco Beach #202 and 43 Glen Cove #133. The average home in La Mesa, CA is selling in 85 days. There are currently 178 homes for sale in the La Mesa real estate market and 143 of them are single family homes while 25 of them are condos and 10 are townhomes. If you are the homeowner and looking to sell the home at 7735 University Ave La Mesa, CA 91942 contact Ardent Real Estate Group and we will put you in touch with one of our La Mesa agents.

Public Facts for 7735 University Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: 2,592
Lot Size: 9,477
Stories: --

Type: Retail Stores ( Personal Services, Photography, Travel)
Pool: No
Spa: No
County: San Diego
Lot#: 23,24
APN: 470-690-03-00

The source for these homes facts are from public records.

91942 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$839,999

Median List Price/Sq.Ft.

$572

Median Sold Price

$775,000

Median Sold Price/Sq.Ft.

$601

Total Inventory

Median Sale to List Price %

97%

Avg Days on Market

Loan Type

Conventional (76.92%), FHA (2.56%), VA (10.26%), Cash (10.26%), Other (0%)

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(714) 706-1823

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