421 E Elm Street, Lodi, CA 95240, Lodi, 95240 - 2 bed, 2 bath
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Lodi, CA 95240
This Versatile Lodi Residence is a Strong Value Opportunity, listed at $288,900—positioned well below the $308,814 Fair Market Value by 6%. This valuation gap provides $19,914 in Instant Equity for the incoming owner. While maintaining a Condition Rating of 4, the property features a Granite Kitchen and a garage prepped for an ADU Conversion, offering significant rental upside or multi-generational utility. With established fruit trees and a partial basement, this home balances immediate functionality with long-term appreciation. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-potential starter home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 E Elm Street Subject | $274,900 | 2 | 2 | 840 | $368 | - |
A 517 S Sacramento Street Active | $319,900 List Price | 2 | 1 | 791 | $404 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the listing mentions a remodel, the quality of updates is cosmetic and budget-oriented. The kitchen features new granite countertops and painted cabinets, but the appliances are basic white models and the overall style is dated. The bathrooms show significant age with older fixtures, basic medicine cabinets, and dated tile flooring. Built in 1949, the home maintains many vintage elements that show wear, and the exterior/yard require further maintenance to meet 'good' condition standards.
The two-car garage has been updated with new cement, drywall, and paint, making it an ideal candidate for an Accessory Dwelling Unit conversion to increase property value or rental income.
The home features modern granite countertops and a newly installed water heater, offering a refreshed interior that reduces immediate move-in costs for the buyer.
The inclusion of a partial basement and a yard with established fruit trees provides rare additional storage and functional outdoor space for a property of this size.
At only 840 square feet, the interior living space is quite limited, which may feel cramped when utilized as a three-bedroom configuration.
Originally built in 1949, the property may have aging underlying systems typical of mid-century homes that could require future maintenance despite the cosmetic remodels.
Remodeled! Granite counters, Good size yards! 2-3 bedroom 2 bath 2 car garage. New cement drywall and paint in the garage-ready for an ADU. Several fruit trees. Partial basement! New water heater being installed!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 840 | 1,493 | 7% |
| Lot Size | 3,498 | 6,094 | 8% |
| Price | $274.9K | $475.0K | 4% |
| Price per sq ft | $327 | $331 | 48% |
| Built year | 1949 | 1965 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 128 | 183 | 24% |
Dec 15, 2025
$288,900
Initial Listing