329 E Walnut Street, Lodi, CA 95240, Lodi, 95240 - 3 bed, 2 bath
329 E Walnut Street
Lodi, CA 95240
Property Price
SUMMARY
Analysis of 329 E Walnut Street, Lodi, CA 95240 reveals a property with a current list price of $399,000, which is 21% above the estimated $311,419 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Lodi Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 329 E Walnut Street Subject | $399,000* List Price | 3 | 2 | 1,390 | $224 | - |
A 411 W Locust Street Sold | $425,000 List Price | 3 | 2 | 1,585 | 0.7 mi | |
B 407 E Maple Street Sold | $365,000 | 3 | 2 | 1,242 | $294 | 0.5 mi |
C 1018 S Lee Avenue Sold | $445,000 | 3 | 2 | 1,248 | $357 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1915, this property requires substantial rehabilitation. The kitchen features very dated honey oak cabinets, tile countertops, and an old fluorescent light box, necessitating a full renovation. Both bathrooms are significantly outdated, with the main bathroom having an eclectic mix of styles and the second being very basic. The living room hardwood floors are heavily worn. Furthermore, the potential ADU requires a kitchen to be added, which is a major undertaking. The 'CASH ONLY' requirement strongly indicates that the property's condition is a barrier to traditional financing, aligning with the need for extensive repairs and updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11064, living area = 1390.
- Multi-Generational/Income Potential
The property offers a unique setup with two homes on one lot, including a potential ADU (3-bed, 1-bath) ready for customization, ideal for multi-generational living or significant rental income.
- Spacious Quarter-Acre Lot
Sitting on a generous quarter-acre lot, the property features a large backyard designed for entertaining and includes multiple fruit trees, enhancing outdoor living.
CONSRISKS & DEFICIENCIES
- Cash Only Requirement
The property is listed as 'CASH ONLY,' significantly limiting the pool of potential buyers and requiring a non-financed purchase.
- Age of Property
Built in 1915, the property's age may imply potential for deferred maintenance, outdated systems (plumbing, electrical), and higher renovation costs for some components.
- ADU Requires Completion
While offering ADU potential, the second unit requires space to add a kitchen, meaning additional investment and work are needed to make it a fully independent living space.
About 329 E Walnut Street
CASH ONLY... Welcome to 329 E Walnut St, Lodi,CA a rare and versatile property like two homes on one lot, offering incredible potential for multi-generational living or rental income. The charming front home features 3 bedrooms and 2 bathrooms, blending historic character with modern comfort. The potential ADU is a 3-bedroom, 1-bathroom residence with space to add a kitchen, making it ideal for customization or conversion into a fully independent living space. This property sits on a spacious quarter-acre lot, with a backyard designed for entertaining. Whether you're hosting family gatherings, barbecues, or celebrations, there's plenty of space to create unforgettable memories. The long driveway, 2-car garage, and RV access from the alley with an RV hookup provide ample parking and flexibility. Multiple fruit trees add natural beauty and the opportunity to enjoy fresh produce right at home. A basement offers additional storage or potential for a creative workspace.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1915
- Lot Size
- 11,064 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,390 | 1,439 | 48% |
| Lot Size | 11,064 | 6,299 | 83% |
| Price | $399.0K | $470.0K | 17% |
| Price per sq ft | $287 | $334 | 29% |
| Built year | 1915 | 1963 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 170 | 166 | 53% |
Pricing History
Listed for Sale
Sep 18, 2025
$399,000
Initial Listing
Sold
May 24, 2005
$345,000
Public Record