
Lodi, CA 95240
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $465,900—positioned above the $442,983 Fair Market Value. While the price reflects a premium, the property offers significant value-add potential through its permitted 295 sq. ft. studio and large 7,876 sq. ft. lot. With a Condition Rating of 4, the home features recent capital improvements like a new roof and appliances, balancing immediate functionality with the opportunity for cosmetic upgrades. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 514 Louie Avenue Subject | $465,900* List Price | 3 | 1 | 1,238 | $358 | - |
A 922 N Pleasant Avenue Sold | $416,000 | 3 | 2 | 1,155 | $360 | 0.3 mi |
B 216 Eureka Avenue Sold | $445,000 | 2 | 1 | 987 | $451 | 0.3 mi |
C 719 N Crescent Avenue Active | $448,000 List Price | 2 | 1 | 1,134 | $395 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1945, the home has received critical system updates including a new roof and water heater. However, the kitchen remains dated with original-style painted cabinets and older countertops despite new appliances and flooring. The property is functional but requires cosmetic updates and the completion of the rear studio to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7876, living area = 1238.
The property features several high-ticket upgrades including a brand-new composition roof, new water heater, and new kitchen appliances, significantly reducing immediate move-in costs and maintenance concerns.
A permitted 295 sq. ft. studio with a separate entrance and full bath provides an excellent opportunity for rental income or multi-generational living, with the option to expand into the adjacent workshop area.
The main residence offers three bedrooms but only one bathroom, which may be a significant drawback for larger families or buyers seeking modern convenience.
While the studio offers great potential, it currently lacks a kitchen, requiring further investment and construction to transform it into a fully independent living or rental unit.
Discover the inviting atmosphere of 514 Louie Ave. Costly items are done...brand new composition roof, new water heater, new dishwasher and new oven/cooktop. This property presents an opportunity for additional income or living space. It offers a studio in the back with separate entrance & full bathroom. Common wall of studio, on other side, has a workshop/sink area. You can open it up and create a much bigger living size area & add a kitchen. Current studio space is 295. Permit on file. The main house offers an immediate sense of home, designed for comfortable living and effortless transitions. This bright and inviting 3 bdrm home has a large living area space with dining area and dining area in kitchen. House is filed with natural list, the home features an expansive wall of windows that creates a warm, sunny atmosphere throughout the living spaces. Millgrad windows. Original hardwood floors and timeless character, while the kitchen offers attractive new flooring for a fresh, update feel. Dedicated inside laundry space enhances daily living, offering a practical space for household tasks and pantry storage. Outside offers a medium-size, peaceful backyard providing an area for gardening, relaxing or entertaining. The front yard has mature landscaping in place. Great, quiet established neighborhood that is conveniently located in town. Home is ready for it's next owner. Inquire today to schedule your personal viewing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,238 | - |
| Lot Size | 7,876 | - |
| Price | $465.9K | $585.8K |
| Price per sq ft | $376 | $325 |
| Built year | 1945 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 67 |
Jul 20, 2026
$465,900
Initial Listing
Apr 7, 1997
$103,500
Public Record