
Lakeside, California 92040
This Hybrid Residential Property represents a High-Potential Investment Opportunity, listed at $899,999—positioned above the $747,245 Fair Market Value by 20%. While priced above current market estimates, the property features a Condition Rating of 3, offering paid solar, a remodeled bathroom, and a spacious half-acre lot. The presence of two detached structures provides significant ADU potential for rental income or multi-generational living. This unique asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a private oasis with long-term expansion capabilities.
Property is move-in ready.
Despite the 1949 build date, the property is well-maintained and move-in ready. It features a fully remodeled bathroom, updated LVP flooring, and modern systems including paid solar and recessed lighting. While some exterior elements and detached structures show age, the primary living space has been renovated within the last 5-10 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20908, living area = 1158.
The generous half-acre lot is a standout feature, boasting mature landscaping, eight varieties of fruit trees, and a covered patio with a BBQ area, creating a private backyard oasis.
Two detached structures on the property offer significant potential for ADU conversion, providing a rare opportunity for rental income, a home office, or multi-generational living.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =20908, other record lot size in square feet = 21000.
With three bedrooms plus a bonus room, the single-bathroom configuration may be a significant drawback for families or those who frequently host guests.
Built in 1949 with approximately 1,158 sq. ft. of living space, the home’s older construction and modest interior footprint may feel restrictive relative to the nearly $900,000 price point.
Enjoy the charm of country-style living on this spacious half-acre property with endless possibilities. A rare highlight is the private underground bomb shelter, making this home perfect for preppers, secure storage, or added peace of mind. Designed for flexibility, the property includes a permitted ADU, an additional studio ADU, and a bonus room, making it ideal for multi-generational living or rental income. Inside, you’ll find a beautifully renovated bathroom, while outside you’ll love the covered patio with misters and a BBQ entertainment area that’s perfect for family gatherings and weekend get-togethers. With paid-off solar panels and plenty of room for RV parking, gardening, animals, or future expansion, this one-of-a-kind property offers the space, privacy, and lifestyle you’ve been looking for.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,158 | 1,571.5 |
| Lot Size | 20,908.801 | 13,249 |
| Price | $900.0K | $819.1K |
| Price per sq ft | $777 | $523 |
| Built year | 1949 | 1971 |
| HOA | $0 | $81 |
| Days on market | 30 | 51 |
Jun 22, 2026
$899,999
Initial Listing
Jul 8, 2022
$760,000
Public Record