
Lemon Grove, California 91945
This property presents a High-Potential Investment Opportunity with a List Price of $599,995—positioned well below the $551,836 Fair Market Value by -8%. Featuring a Fair Condition Rating, this 1948 residence requires significant modernization, yet the expansive 6,700 sqft lot offers substantial ADU Development Potential. With an open-concept layout and prime location near local schools, this asset is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to maximize value through renovation and zoning utilization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2019 Fairhaven St Subject | $599,995* List Price | 3 | 2 | 1,216 | $454 | - |
A 2217 Lyndine Sold | $740,000 | 3 | 2 | 1,274 | $581 | 0.5 mi |
B 1942 Madera Street Sold | $600,000 | 3 | 1 | 1,181 | $508 | 0.6 mi |
C 2523 Pergl Street Sold | $600,000 | 3 | 2 | 1,538 | $390 | 0.6 mi |
D 2574 Crestline Dr Sold | $720,000 | 3 | 2 | 1,310 | $550 | 0.6 mi |
E 2060 Noble Street Sold | $467,500 | 2 | 1 | 1,043 | $448 | 0.1 mi |
F 1628 La Corta Sold | $721,700 | 3 | 2 | 1,225 | $589 | 0.8 mi |
G 7595 Roosevelt Ave. Pending | $649,000 List Price | 3 | 2 | 1,332 | $487 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 and on the market for the first time in 60 years, this property is explicitly marketed as a fix-and-flip or renovation project. With no significant updates mentioned and a clear need for modernization of the kitchen, baths, and likely aging systems, it fits the criteria for a full rehab.
The expansive 6,700 sqft lot offers significant potential for adding one or two Accessory Dwelling Units (ADUs), providing a unique opportunity for rental income or multi-generational living.
Offered for the first time in 60 years, this property serves as a prime renovation project with an open-concept layout that allows for modern customization and significant equity growth.
Conveniently situated in Lemon Grove, the home provides excellent proximity to schools, shopping, dining, and freeway access, ensuring strong appeal for future tenants or buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1216, other record living area = 1016.
The home is in original condition and requires substantial modernization and repairs, which will necessitate a significant additional capital investment beyond the purchase price.
The unknown permit status of the rear addition poses a risk for buyers regarding legal square footage, potential code compliance issues, and future development hurdles.
First time on the market in approximately 60 years! Situated on a large lot with potential for one or possibly two ADUs (buyer to verify), this 3-bedroom, 2-bath home offers an exciting opportunity for investors, contractors, or buyers looking to renovate and add value. Featuring approximately 1,216 square feet, the home offers an open-concept floor plan with great potential for modernization and customization. The expansive lot provides flexibility for future expansion, additional units, or enhanced outdoor living spaces. Ideal as a fix-and-flip, rental investment, or owner-occupant renovation project. Convenient Lemon Grove location close to shopping, dining, schools, and freeway access. Permit status of the rear addition is unknown; buyers are advised to investigate all permits, square footage, zoning, and development potential prior to close of escrow.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-8 • 0.8 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,216 | 1,444.5 | 27% |
| Lot Size | 6,700 | 6,600 | 54% |
| Price | $600.0K | $761.0K | 10% |
| Price per sq ft | $493 | $534 | 33% |
| Built year | 1948 | 1958 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 114 | 8% |
May 26, 2026
$599,995
Initial Listing