12720 Laurel Street 216, Lakeside, California 92040, Lakeside, 92040 - 2 bed, 1 bath
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12720 Laurel Street 216
Lakeside, California 92040
ACTIVE
CONDITION: FAIR
2Beds
1Baths
921Sq Ft
3.05Lot Size
Property Price
LIST PRICE$359,000
EST. MARKET VALUE
$356,237
SUMMARY
This 2-bedroom condominium represents a Strong Value Opportunity, listed at $359,000—positioned well below the $356,238 Fair Market Value (Note: Market is currently priced at parity). Featuring a Condition Rating of 4, the unit offers functional living with modern wood-style flooring and two gated parking spaces. While the kitchen requires cosmetic updates, the community amenities, including a pool and clubhouse, provide significant lifestyle appeal. Located near Lindo Lake and El Capitan High School, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point.
Estimated Market Value
$356,237
Based on Realkey algorithm analyzing recent comparable sales in Lakeside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12720 Laurel Street 216 Subject 2 bd · 1 ba · 921 sqft · $387 | $359,000* List Price | 2 | 1 | 921 | $387 | - |
A 12650 Lakeshore Dr 160 Sold 2 bd · 2 ba · 884 sqft · $419 · 0.1 mi | $370,000 | 2 | 2 | 884 | $419 | 0.1 mi |
B 12750 Laurel Street Sold 2 bd · 1 ba · 921 sqft · $402 | $370,000 | 2 | 1 | 921 | $402 | - |
C 12553 Mapleview St 9 Sold 2 bd · 2 ba · 1,024 sqft · $396 · 0.3 mi | $405,000 | 2 | 2 | 1,024 | $396 | 0.3 mi |
D 12730 Laurel Street 302 Sold 2 bd · 1 ba · 921 sqft · $445 | $410,000 | 2 | 1 | 921 | $445 | - |
E 12740 Laurel 408 Sold 2 bd · 1 ba · 921 sqft · $434 | $400,000 | 2 | 1 | 921 | $434 | - |
F 18-12805 Mapleview Active 2 bd · 1 ba · 749 sqft · $461 · 0.1 mi | $345,000 List Price | 2 | 1 | 749 | $461 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990 (34 years old), the property is dated but functional. While it features updated wood-style flooring and newer appliances, the kitchen cabinetry appears original or over 20 years old. The unit is move-in ready but requires cosmetic updates to the kitchen and likely the bathroom to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Market Value
Priced competitively at $359,000, this property represents one of the most affordable 2-bedroom opportunities in the Lakeside area, offering significant value for first-time buyers or investors.
- Superior Parking & Convenience
The unit includes two assigned gated parking spaces—one of which is covered—along with the highly desirable convenience of an in-unit full-size washer and dryer.
- Desirable Community Amenities
Residents benefit from a park-like setting featuring a pool, clubhouse, and green spaces, all while being located near Lindo Lake, local schools, and major transit access.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3, other record lot size in square feet = 132686.
- Short Sale Complexity
The sale is subject to lender approval, which often results in a more prolonged and uncertain closing timeline compared to a standard equity sale.
- High Monthly HOA Fees
The $435 monthly association fee is relatively high for a 1-bathroom unit, which may impact the overall debt-to-income ratio and monthly affordability for some buyers.
About 12720 Laurel Street 216
One of the best-priced 2-bedroom homes in the area! Upstairs 2BR/1BA unit featuring wood-style solid-surface flooring, in-unit full-size washer/dryer, private balcony with storage and TWO assigned gated parking spaces—one covered. Enjoy a park-like community with pool, clubhouse and green spaces. Convenient Lakeside location near Lindo Lake, shopping, dining, schools, transit and freeway access. A fantastic opportunity to own at an attractive price! Sale subject to lender approval.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 3.05 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $435.0 / Month
Neighborhood Insights
Lakeside Unified Schools
Lindo Park Elementary School
Grades K-5 • 0.3 mi
5/10
Lemon Crest Elementary School
Grades K-5 • 0.8 mi
4/10
Tierra Del Sol Middle School
Grades 6-8 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 1.0 | 1.2 |
| Square foot | 921 | 914.917 |
| Lot Size | 3.05 | 139,432.771 |
| Price | $359.0K | $392.7K |
| Price per sq ft | $390 | $467 |
| Built year | 1990 | 1982 |
| HOA | $435.0 | $392 |
| Days on market | 25 | 52 |
Pricing History
Listed for Sale
Sep 30, 2026
$359,000
Initial Listing
Sold
Apr 8, 2025
$435,000
Public Record
Sold
Aug 9, 2013
$150,000
Public Record
Sold
Feb 12, 2010
$103,500
Public Record
Sold
Feb 17, 2005
$258,000
Public Record