12172 Gay Rio Drive, Lakeside, California 92040, Lakeside, 92040 - 4 bed, 2 bath
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Lakeside, California 92040
This Versatile Residential Property is a High-Potential Investment Opportunity, listed at $979,000—positioned above the $934,329 Fair Market Value. While priced at a premium for its land, the Condition Rating of 2 ensures a turnkey experience with modern renovations and solar efficiency. The expansive 0.72-acre lot offers significant development potential for an ADU or workshop, providing long-term value-add options. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-utility asset in the Lakeside Union district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12172 Gay Rio Drive Subject | $979,000* List Price | 4 | 2 | 1,645 | $568 | - |
A 9362 Single Oak Drive Sold | $835,000 | 3 | 2 | 1,448 | $577 | 0.7 mi |
B 12433 Gay Rio Dr Sold | $840,000 | 3 | 3 | 1,389 | $605 | 0.5 mi |
C 12327 Lemon Crest Dr Sold | $1,150,000 | 5 | 4 | 2,034 | $565 | 0.9 mi |
D 8841 Gardena Way Pending | $799,999 List Price | 3 | 2 | 1,512 | $529 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1970, the property has undergone a comprehensive modern renovation within the last 5 years. Interior images show high-quality finishes including new wide-plank flooring, recessed lighting, and a fully remodeled bathroom with contemporary tile and glass. The exterior features a newer roof, solar panels for energy efficiency, and updated HVAC, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31363, living area = 1645.
The expansive 0.72-acre corner lot features a separate upper portion, providing a rare and ideal opportunity for an ADU, guest house, or workshop to increase property value.
Equipped with solar panels and a private well, the property offers significant long-term savings on energy and water costs while enhancing overall efficiency.
Originally constructed in 1970, the home may require ongoing maintenance or updates to major systems that are typical for a property of this vintage.
With a list price of $979,000 for 1,645 square feet, the price per square foot is relatively high, placing a heavy premium on the land rather than the interior living space.
Welcome to a beautifully upgraded and versatile home where the possibilities are as expansive as the property itself. Tucked in the heart of Lakeside on a generous corner lot, this property offers the freedom to create your own backyard oasis. Enjoy the added value of solar for energy efficiency and a private well in the back. There's plenty of room for lush landscaping, outdoor entertaining, a pool, gardens, or all of the above The pull-through driveway and oversized lot makes plenty of space for your RV, trailers, work trucks, toys or equipment! What truly sets this property apart is the separate upper portion of the lot—a rare opportunity with incredible potential for an ADU, guest house, workshop, or multigenerational living (buyer to verify). Whether you're planning for extended family, rental income, or simply want room to expand, this home gives you all the options.. Properties that combine modern upgrades, usable land, and future potential are few and far between. Don't miss your chance to own one of Lakeside's most versatile properties!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,645 | 1,571.5 |
| Lot Size | 31,363.199 | 13,249 |
| Price | $979.0K | $819.1K |
| Price per sq ft | $595 | $523 |
| Built year | 1970 | 1971 |
| HOA | $0 | $81 |
| Days on market | 4 | 51 |
Jul 18, 2026
$979,000
Initial Listing