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7442 Daytona Street, Lemon Grove, California 91945, Lemon Grove, 91945 - 2 bed, 1 bath

7442 Daytona Street, Lemon Grove, California 91945 home-pic-0
ACTIVE$764,000
7442 Daytona Street, Lemon Grove, California 91945
2Beds
1Bath
832Sqft
6,711Lot
Year Built
1949
Close
-
List price
$764K
Original List price
$764K
Price/Sqft
$918
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507635
Home ConditionPoor
Features
Good View:
Patio
View

About this home

Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,5 Pros. Rank: price - $764.0K(48th), sqft - 832(3th), beds - 2(14th), baths - 1(13th).

FULLY APPROVED PLANS READY - for you to build or we can build it for you! This fixer 2-bedroom, 1-bathroom home sits on a spacious 6,711 sq. ft. lot with endless potential. The property comes with approved plans and permits from the City of Lemon Grove to add a second story (823 sq. ft.), expanding the main home to 1,549 sq. ft. Additionally, a 979 sq. ft. 2-bedroom, 2-bathroom ADU is already approved, providing excellent rental income potential. The property also features a detached 1-car garage that can be easily converted into an additional ADU, creating the opportunity for a total of three units.

Price History

Date
Event
Price
10/07/25
Listing
$764,000
Condition Rating
Poor
The property, built in 1949, is explicitly described as a 'fixer' home, indicating it requires substantial repairs and rehabilitation. While the kitchen has some updated white cabinets, the appliances appear older, and the laminate countertops and overall style are dated. No bathroom images are provided, but given the age and 'fixer' status, it's unlikely to be in good condition. The listing emphasizes the potential for expansion and ADU additions with approved plans, suggesting the current structure's value is primarily in its redevelopment potential rather than its existing condition. The property is functional but shows significant signs of age and deferred maintenance, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Pre-Approved Development Plans: The property includes fully approved plans and permits for a second-story addition (expanding to 1,549 sq. ft.) and a new 979 sq. ft. 2-bedroom, 2-bathroom ADU, significantly reducing development time and risk.
High Income-Generating Potential: With an approved ADU and the potential to convert the detached 1-car garage into a second ADU, the property offers excellent multi-unit rental income opportunities, potentially creating three units in total.
Significant Value-Add Opportunity: Described as a 'fixer' home with approved expansion plans, this property presents a substantial opportunity for investors or owner-builders to create significant equity through renovation and development.
Spacious Lot: Sitting on a generous 6,711 sq. ft. lot, there is ample space for the planned expansions and multiple units, enhancing privacy and utility.
Flexible Development Options: The listing explicitly states the option for the buyer to build themselves or have the current owner build, providing flexibility in project execution and management.

Cons

Current 'Fixer' Condition: The existing 1949-built home is a 'fixer,' indicating it requires substantial renovation and modernization, which will incur significant upfront costs and effort.
Substantial Construction Investment Required: While plans are approved, the buyer will need to fund the construction of the second story and ADUs, representing a considerable financial outlay beyond the purchase price.
Limited Current Livable Space: The existing 832 sq. ft. home is small for its price point and may not be suitable for immediate occupancy by a family without significant renovation and expansion.

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