1537 Drexel Dr., Lemon Grove, California 91945, Lemon Grove, 91945 - 3 bed, 2 bath
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Lemon Grove, California 91945
This Spacious Single Family Residence is a High-Potential Investment Opportunity, listed at $789,000—positioned well below the $808,648 Fair Market Value by 2%. This valuation gap offers $19,648 in Instant Equity for the buyer. The property is in Good Condition, featuring a Paid-Off Solar System and an expansive 8,500 sqft lot with ADU Potential. While local school ratings are modest, the lack of HOA fees and Mello Roos ensures low carrying costs. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1537 Drexel Dr. Subject | $789,000* List Price | 3 | 2 | 1,596 | $507 | - |
A 7978 Canton Sold | $826,250 | 3 | 2 | 1,475 | $560 | 0.2 mi |
B 2332 Golden Avenue Sold | $930,000 | 2 | 2 | 1,632 | $570 | 0.6 mi |
C 2038 Siegle Dr Sold | $830,000 | 3 | 2 | 1,542 | $538 | 0.4 mi |
D 8224 Mount Vernon Sold | $750,000 | 3 | 2 | 1,477 | $508 | 0.7 mi |
E 7705 Danielle Drive Sold | $710,000 | 3 | 3 | 1,378 | $515 | 0.3 mi |
F 1905 El Dora Street Sold | $695,000 | 3 | 2 | 1,277 | $544 | 0.7 mi |
G 8129 Brock Ct Sold | $900,000 | 3 | 2 | 1,640 | $549 | 0.9 mi |
H 8301 Blossom Hill Dr Sold | $776,000 | 3 | 2 | 1,248 | $622 | 0.4 mi |
I 1305 Bakersfield Active | $787,000 List Price | 2 | 1 | 1,465 | $537 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1945, the home has been well-maintained and renovated within the last 10-15 years. The kitchen features modern stainless steel appliances, updated cabinetry, and recessed lighting. The inclusion of a paid-off solar system and move-in-ready interior finishes like laminate flooring and updated paint align with the 'Good' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8500, living area = 1596.
The solar system will be fully paid off at the close of escrow, providing the new owner with immediate and significant long-term energy savings and increased property value.
The generous 8,500 sqft lot features a long driveway for RV parking and significant potential for an Accessory Dwelling Unit (ADU), offering versatility for multi-generational living or rental income.
The local public schools assigned to this address have relatively low ratings (3-4 out of 10), which may be a deterrent for families prioritizing high-performing educational districts.
Built in 1945, the property's age may necessitate ongoing maintenance or updates to older mechanical and structural systems that are not present in more modern builds.
No HOA or Mello Roos. Paid-off solar at close of escrow, an expansive approximately 8,500 sqft lot with ADU potential, a long driveway with room for RV parking, low-maintenance artificial turf in the backyard and a covered patio designed for entertaining make this Lemon Grove property truly stand out! This home offers approximately 1,596 sqft of inviting living space with the perfect blend of charm, comfort, and indoor-outdoor California living. Step outside to your own private backyard oasis featuring plenty of space to relax, entertain, play, or simply enjoy the Southern California lifestyle year-round. The included playground structure and thoughtfully designed outdoor setup create a move-in-ready environment perfect for gatherings with family and friends. Inside, the home features a warm and functional layout ideal for both everyday living and entertaining. Adding tremendous value and peace of mind, the solar system will be paid off prior to close of escrow, providing long-term energy savings for the next owner.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-8 • 0.8 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,596 | 1,404.5 |
| Lot Size | - | 7,650 |
| Price | $789.0K | $763.6K |
| Price per sq ft | $494 | $558 |
| Built year | 1945 | 1958 |
| HOA | $0 | $0 |
| Days on market | 60 | 39 |
May 23, 2026
$789,000
Initial Listing
Oct 20, 2020
$600,000
Public Record
Jul 28, 2016
$416,000
Public Record
Jun 18, 2009
$300,000
Public Record