524 S School Street, Lodi, CA 95240, Lodi, 95240 - 3 bed, 1 bath
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Lodi, CA 95240
This property presents a High-Potential Investment Opportunity with a List Price of $429,000—positioned well above the $407,284 Fair Market Value by -5%. While the home carries a Fair Condition Rating (4/10), the expansive 7,649 sqft lot offers significant Development Potential through ADU construction or parcel splitting. The existing 3-bedroom, 1-bath structure requires modernization, yet the zoning flexibility provides a clear path to forced appreciation. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants capable of navigating the city's three-year occupancy requirement for land division.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 524 S School Street Subject | $429,000* List Price | 3 | 1 | 1,040 | $392 | - |
A 333 Cherry Street Sold | $340,000 | 2 | 1 | 834 | $408 | 0.5 mi |
B 1245 S Church Street Sold | $429,000 | 2 | 1 | 1,006 | $426 | 0.7 mi |
C 408 W Vine Street Sold | $400,000 | 2 | 1 | 895 | $447 | 0.4 mi |
D 416 Concord Street Sold | $362,000 | 3 | 1 | 1,073 | $337 | 0.7 mi |
E 525 Connie Street Sold | $495,000 | 3 | 2 | 1,435 | $345 | 0.4 mi |
F 1007 Cardinal Street Active | $455,000 List Price | 3 | 2 | 1,121 | $406 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, the home has received some cosmetic refreshes including newer laminate flooring and interior paint. However, the kitchen remains dated with painted original cabinetry and older fixtures, and the single bathroom for a 3-bedroom home is a significant limitation. The listing's heavy emphasis on land splitting and ADU potential suggests the primary value is in the lot rather than the aging structure, which likely requires updates to major systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7649, living area = 1040.
The property sits on a generous 7,649 sqft lot with confirmed potential from the City of Lodi to either build an ADU or split the parcel, offering significant value-add opportunities for investors or developers.
The ability to construct a secondary dwelling unit provides a prime opportunity for rental income or multi-generational living, significantly enhancing the property's long-term financial appeal.
With only one bathroom serving three bedrooms in a 1,040 sqft layout built in 1927, the home may present functional challenges for modern families and likely requires interior reconfiguration.
The City of Lodi requires a three-year owner-occupancy affidavit to split the land, which may deter traditional developers or investors seeking a quick turnaround on a lot division.
Great opportunity in this 3br and 1 bath house that is located in the City of Lodi with a large lot that you can build an ADU or simply split it and sell the split land . 1- as per city of Lodi you can build an ADU in the back either use for large family or rent it our foe and extra incom. 2- As per city of Lodi if you want to split the land and sell it the buyer must give and affidavit to the City of Lodi that after the splitting the land they will live in the house for 3 years .
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 | 1,040 | - |
| Lot Size | 7,649 | - |
| Price | $429.0K | $585.8K |
| Price per sq ft | $412 | $325 |
| Built year | 1927 | 0 |
| HOA | $0 | $0 |
| Days on market | 15 | 67 |
Jul 7, 2026
$429,000
Initial Listing
Jun 19, 2018
$185,000
Public Record