1741 Colfax Drive, Lemon Grove, California 91945, Lemon Grove, 91945 - 3 bed, 2 bath
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1741 Colfax Drive
Lemon Grove, California 91945
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,492Sq Ft
8,300Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$668,766
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned above the $668,767 Fair Market Value by 4%. While the price reflects a premium, the 8,300 sq. ft. lot and ADU potential offer significant long-term value-add. Featuring a Condition Rating of 5, the home requires a comprehensive rehab of its vintage 1947 infrastructure. The attached addition provides a flexible layout for rental income. This is a strategic acquisition for Buy-and-Hold Investors or Contractors focused on forced appreciation.
Estimated Market Value
$668,766
Based on Realkey algorithm analyzing recent comparable sales in Lemon Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1741 Colfax Drive Subject 3 bd · 2 ba · 1,492 sqft · $448 | $700,000* List Price | 3 | 2 | 1,492 | $448 | - |
A 2463 Hardy Sold 3 bd · 2 ba · 1,827 sqft · $402 · 0.6 mi | $735,000 | 3 | 2 | 1,827 | $402 | 0.6 mi |
B 2019 Fairhaven St Sold 3 bd · 2 ba · 1,216 sqft · $547 · 0.3 mi | $665,000 | 3 | 2 | 1,216 | $547 | 0.3 mi |
C 22222 Debco Drive Sold 3 bd · 2 ba · 1,514 sqft · $515 · 0.8 mi | $780,000 | 3 | 2 | 1,514 | $515 | 0.8 mi |
D 8224 Mount Vernon Sold 3 bd · 2 ba · 1,477 sqft · $508 · 0.6 mi | $750,000 | 3 | 2 | 1,477 | $508 | 0.6 mi |
E 7902 Montana St. Sold 3 bd · 2 ba · 1,635 sqft · $349 · 0.8 mi | $570,000 | 3 | 2 | 1,635 | $349 | 0.8 mi |
F 7595 Roosevelt Ave. Sold 3 bd · 2 ba · 1,332 sqft · $541 · 0.9 mi | $720,000 | 3 | 2 | 1,332 | $541 | 0.9 mi |
G 2511 Camino De Las Palmas Sold 4 bd · 3 ba · 2,066 sqft · $419 · 0.9 mi | $865,000 | 4 | 3 | 2,066 | $419 | 0.9 mi |
H 7890 Bushwood Court Active 4 bd · 2 ba · 1,686 sqft · $483 · 0.4 mi | $815,000 List Price | 4 | 2 | 1,686 | $483 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1947, this 79-year-old property only features surface-level cosmetic updates like fresh paint and new carpet. There is no indication that the kitchen, bathrooms, or major systems (HVAC/Electric) have been modernized, suggesting the home is significantly dated and requires a comprehensive rehab.
PROSSTRENGTHS & OPPORTUNITIES
- ADU & Expansion Potential
The expansive 8,300 sq. ft. flat lot provides a significant opportunity for the construction of an accessory dwelling unit (ADU) or further property expansion, offering excellent value-add potential.
- Flexible Living Arrangement
The third bedroom is located in an attached addition with its own private bathroom, making it an ideal setup for a guest suite, multi-generational living, or a potential rental income stream.
- Turnkey Cosmetic Updates
Fresh interior paint and new carpeting throughout ensure the home is move-in ready, providing a clean and updated aesthetic that appeals to immediate buyers.
CONSRISKS & DEFICIENCIES
- Lack of Enclosed Parking
The conversion of the original one-car garage into a workshop means the property lacks traditional covered vehicle storage, which may be a drawback for buyers prioritizing garage space.
- Vintage Infrastructure
Originally built in 1947, the home may require future capital expenditures for aging systems or structural components that typically accompany properties of this era despite recent cosmetic improvements.
About 1741 Colfax Drive
Charming single-story home situated on a large, approximately 8,300 sq. ft. lot with potential for an additional unit! This home features fresh interior paint and new carpeting throughout. The long driveway provides ample parking for multiple vehicles or an RV. The one-car garage has been converted into a workshop. The third bedroom is located in an attached addition and features its own bathroom, offering extra privacy and potential as a guest suite or rental space. Enjoy the large, flat, low-maintenance backyard with plenty of possibilities. A must-see to appreciate all this property has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 8,300 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lemon Grove Unified Schools
Monterey Heights Elementary School
Grades PK-6 • 0.3 mi
4/10
Mount Vernon Elementary School
Grades PK-8 • 0.7 mi
4/10
Mount Miguel High School
Grades 9-12 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,492 | 1,364.171 |
| Lot Size | 8,300 | 7,694.526 |
| Price | $700.0K | $774.0K |
| Price per sq ft | $469 | $554 |
| Built year | 1947 | 1957 |
| HOA | $0 | $0 |
| Days on market | 1 | 41 |
Pricing History
Listed for Sale
Oct 24, 2026
$700,000
Initial Listing