12828 Mapleview St, Lakeside, California 92040, Lakeside, 92040 - 3 bed, 1 bath
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Lakeside, California 92040
This Value-Add Development Asset is listed at $649,999, reflecting its Significant Development Potential despite a $554,336 Fair Market Value for the existing structures. With a Condition Rating of 5, the primary value lies in the massive 22,184 sq. ft. lot and available plans for 12 townhomes. Owners can generate a Dual Income Stream from two on-site residences, including a turnkey unit and a primary home featuring a large patio. Located within the Lakeside Union district, this project represents a strategic acquisition for Savvy Investors and Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12828 Mapleview St Subject | $649,999* List Price | 3 | 1 | 1,044 | $531 | - |
A 12731 Julian Avenue Sold | $550,000 | 2 | 1 | 1,034 | $532 | 0.6 mi |
B 13135 Pam Ln Sold | $750,000 | 3 | 2 | 1,441 | $520 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960, the property is over 60 years old and features highly dated interiors, including original-style wood cabinetry and worn flooring. While currently functional for rental income, the listing is primarily marketed as a development opportunity for 12 townhomes, indicating the existing structures require a full rehab or removal to reach highest and best use.
The property spans two lots totaling 22,184 sq. ft. and includes plans for 12 townhomes, offering a massive value-add opportunity for savvy investors and builders in a growing community.
With two separate residential units on-site, owners can generate immediate rental income from both homes while navigating the development or permitting process.
The 12830 Mapleview unit features brand-new flooring, paint, and light fixtures, providing a move-in ready rental option that minimizes initial vacancy and repair costs.
Both the three-bedroom and two-bedroom homes feature only a single bathroom each, which may limit appeal for larger families or modern rental expectations.
Built in 1960, the primary residence may require modernization of its original systems and finishes to meet current market standards for a long-term hold.
A great opportunity for the savvy investor-builder in the growing Lakeside community! Two homes on two lots totaling 22,184 sq. ft. — collect rental income now while you plan for the future. Plans for 12 townhomes with 2-car garages are available for review. 12828 Mapleview is a spacious 3+1 single-story home offering 1,044 sq. ft. of comfortable living space. The living room features tile flooring, a textured ceiling, and a ceiling fan. The kitchen is well-appointed with warm wood cabinetry, a gas range, a double sink, tile flooring, and a handy built-in bar-height dining counter. The primary bedroom measures 160 sq. ft. and includes a ceiling fan and wall-mounted wardrobe storage, while the additional bedrooms offer good natural light. The shared bathroom features a tub-shower combination with tile surround, wood vanity, and wood-look flooring. The garage includes a wood-paneled ceiling, ceiling fan, and built-in shelving — great for extra storage. An upgraded sewer, large patio, and carport parking round out this solid, practical property. 12830 Mapleview is a charming 2+1 home with a fenced yard and carport parking, featuring brand new flooring, paint, and light fixtures throughout. — a turnkey income-generating hold while your development vision comes together.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,044 | 1,538 | 7% |
| Lot Size | 6,701 | 11,017 | 33% |
| Price | $650.0K | $817.5K | 12% |
| Price per sq ft | $623 | $511 | 85% |
| Built year | 1960 | 1972 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 163 | 4% |
Apr 17, 2026
$649,999
Initial Listing
Aug 19, 2021
$625,000
Public Record
Jun 16, 2004
$270,000
Public Record