12135 Los Amigos Way, Lakeside, California 92040, Lakeside, 92040 - 4 bed, 2 bath
Loading property details...
Lakeside, California 92040
This Hillside View Residence is a Prime Investment Opportunity, listed at $969,000—positioned well below the $992,000 Fair Market Value by 2%. This valuation gap offers $23,000 in Instant Equity for savvy buyers. Boasting a Move-In Ready Condition Rating, the home features a Renovated Granite Kitchen, Panoramic Valley Views, and a Private Putting Green on over half an acre. The versatile lower level provides significant potential for rental income or multigenerational living within the Lakeside Union district. This is an ideal acquisition for Owner-Occupants or House-Hackers seeking lifestyle luxury with financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12135 Los Amigos Way Subject | $969,000* List Price | 4 | 2 | 2,528 | $392 | - |
A 12274 Gay Rio Dr Sold | $850,000 | 4 | 2 | 1,724 | $493 | 0.2 mi |
B 12306 1/2 Gay Rio Drive Active | $1,049,900 List Price | 5 | 3 | 2,550 | $412 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been significantly updated. It features a renovated kitchen with stainless steel GE appliances, granite countertops, and a modern tile backsplash. The interior boasts fresh paint, crown molding, and updated luxury vinyl plank flooring throughout the main living areas. While the home was built in 1974, the level of maintenance and the quality of the updates to the kitchen, flooring, and outdoor amenities like the putting green and turf indicate it has been extensively renovated within the last 5 to 15 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24393, living area = 2528.
Situated on a 0.56-acre hilltop lot, the property offers exceptional valley views and sunset vistas, providing a rare sense of privacy and expansive outdoor space.
The home lives like a single-story with the primary bedroom on the main floor, while the downstairs area offers significant potential for rental income, guest quarters, or multigenerational living.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The solar system is leased rather than owned, which requires the buyer to assume an existing contract and monthly financial obligation.
The listing explicitly notes that buyers must verify permitting for the lower-level improvements, suggesting potential challenges in officially certifying the space for rental use.
What if you could live on top of the hill in Lakeside with panoramic sunset views, half an acre of land, and room to create future rental income? Welcome to 12135 Los Amigos Way, a 4-bedroom, 3-bathroom single-family home offering 2,528 square feet of living space on a 0.56-acre hillside lot in Lakeside, CA. Positioned at the top of the hill, this property captures beautiful valley views and glowing Southern California sunsets while still being just minutes from everyday conveniences. Freshly painted interior spaces create a clean and move-in-ready feel. Lives like a one-story. The primary bedroom is located on the main floor, offering convenience and flexible living options. With generous square footage and multiple indoor and outdoor areas, the home offers space to relax, entertain, and grow. Step outside and experience peaceful countryside living with terraced landscaping, a pergola-covered patio, turf yard area, and a private putting green. Whether hosting weekend gatherings or enjoying quiet evenings overlooking the valley, this backyard was designed to enjoy the views. There is potential for future rental income, guest quarters, studio space, office, and multigenerational living downstairs. Buyer to verify all permitting requirements with the County of San Diego. Located just minutes from Lake Jennings, Lindo Lake Park, local dining, grocery shopping, and convenient access to Highway 67 for commuting into El Cajon, Santee, or greater San Diego County, this property offers the balance many buyers are searching for. Quiet hillside living without sacrificing convenience. No HOA. Leased solar system in place. If you’ve been looking for a half-acre hillside home in Lakeside with sunset views and rental potential, this is it.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,528 | 1,540 | 95% |
| Lot Size | 24,393.6 | 11,173 | 80% |
| Price | $969.0K | $820.0K | 87% |
| Price per sq ft | $383 | $508 | 11% |
| Built year | 1974 | 1972 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 164 | 6% |
Mar 22, 2026
$969,000
$992,000
-2% Price Drop
Initial Listing
Mar 2, 2026
$992,000
Initial Listing