
Lemon Grove, California 91945
This property presents a Prime Investment Opportunity with a List Price of $775,000—positioned well below the $796,793 Fair Market Value by 2%. This valuation gap offers $21,793 in Instant Equity. Featuring a Fair Condition Rating (1960 build), the home offers significant upside through modernization. The expansive 9,500 sq ft lot provides excellent ADU Potential, while the proximity to the Massachusetts Avenue Trolley Station ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1504 San Altos Subject 3 bd · 2 ba · 1,225 sqft · $650 | $775,000* List Price | 3 | 2 | 1,225 | $650 | - |
A 1808 El Prado Avenue Sold 3 bd · 2 ba · 1,235 sqft · $628 · 0.3 mi | $775,000 | 3 | 2 | 1,235 | $628 | 0.3 mi |
B 2049 Madera Street Sold 3 bd · 2 ba · 1,250 sqft · $460 · 0.6 mi | $575,000 | 3 | 2 | 1,250 | $460 | 0.6 mi |
C 1922 Dartmoor Dr Sold 3 bd · 2 ba · 1,071 sqft · $644 · 0.5 mi | $690,000 | 3 | 2 | 1,071 | $644 | 0.5 mi |
D 1475 La Corta Circle Sold 3 bd · 2 ba · 1,225 sqft · $653 · 0.2 mi | $800,000 | 3 | 2 | 1,225 | $653 | 0.2 mi |
E 1941 La Corta Street Sold 3 bd · 2 ba · 1,250 sqft · $649 · 0.5 mi | $811,000 | 3 | 2 | 1,250 | $649 | 0.5 mi |
F 1628 La Corta Sold 3 bd · 2 ba · 1,225 sqft · $589 · 0.2 mi | $721,700 | 3 | 2 | 1,225 | $589 | 0.2 mi |
G 2126 Locke Place Sold 3 bd · 2 ba · 1,080 sqft · $741 · 0.9 mi | $800,000 | 3 | 2 | 1,080 | $741 | 0.9 mi |
H 1803 El Dora Street Active 2 bd · 1 ba · 922 sqft · $705 · 0.6 mi | $650,000 List Price | 2 | 1 | 922 | $705 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this property is described as a 'classic' home with a galley-style kitchen and garage laundry, indicating it is significantly dated (60+ years old). While the exterior shows maintenance like a stone retaining wall, the lack of mentioned renovations to major systems or interiors places it in the dated category requiring updates.
The expansive 9,500 sq ft corner lot provides significant space for outdoor living and offers excellent potential for an Accessory Dwelling Unit (ADU), ideal for rental income or multigenerational housing.
Situated in a quiet neighborhood within walking distance to the Massachusetts Avenue Trolley Station, the property offers easy access to downtown San Diego while maintaining a suburban feel.
This classic single-story home features a highly functional floor plan, including a primary suite with an en suite bathroom and an attached two-car garage with direct interior access.
With 1,225 square feet of living space, the interior footprint is relatively modest for a three-bedroom home, which may feel restrictive for buyers seeking larger common areas.
Built in 1960 and featuring a traditional galley-style kitchen, the home likely requires cosmetic updates or modern renovations to compete with newer or fully remodeled properties in the area.
Welcome to 1504 San Altos Place — a classic three-bedroom, two-bath single-story home with strong curb appeal and a spacious9,500 sq ft corner lot; Mature landscaping framed by a stone retaining wall. Has an attached two-car garage with direct access. The corner location gives the property views toward the hills from the front of the home and ocean breezes that make Lemon Grove so comfortable year-round. Inside, the home offers three bedrooms and two full bathrooms. The primary suite features an en suite bathroom. The home has plenty of linen closet space. A corner fireplace anchors the living area and a pony wall to the Den provides a open feel. The laundry is conveniently located in the garage. The kitchen is a galley style includes many cabinets with plenty of storage. This quiet residential neighborhood sits just a short distance from the Massachusetts Avenue Trolley Station (Orange Line), putting downtown San Diego,and everyday destinations within easy reach while still offering the suburban neighborhood feel Lemon Grove is known for. An additional upside: The oversized lot size offers strong potential for an ADU, giving future owners flexibility for multigenerational living or supplemental income. This is a rare opportunity to own a three-bedroom home with a large corner lot, primary en suite, garage laundry, corner fireplace, and excellent transit access — priced to attract serious buyers. Come see it in person
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 9-12 • 1.6 mi
Grades 9-12 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,225 | 1,364.171 |
| Lot Size | 9,500 | 7,694.526 |
| Price | $775.0K | $774.0K |
| Price per sq ft | $633 | $554 |
| Built year | 1960 | 1957 |
| HOA | $0 | $0 |
| Days on market | 9 | 41 |
Oct 24, 2026
$775,000
Initial Listing
Oct 16, 2026
$75,900
Initial Listing