9242 Winter Gardens Blvd, Lakeside, California 92040, Lakeside, 92040 - 4 bed, 2 bath
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9242 Winter Gardens Blvd
Lakeside, California 92040
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
2,000Sq Ft
10,058Lot Size
Property Price
LIST PRICE$895,000
EST. MARKET VALUE
$932,822
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $895,000—positioned well below the $932,822 Fair Market Value by 4%. This valuation gap offers $37,822 in Instant Equity. Featuring a Condition Rating of 2 (Mint), the property includes a renovated 2,000 sqft main house and a secondary unit on a 10,058 sqft lot with RU (Urban Residential) Zoning. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-unit income potential.
Estimated Market Value
$932,822+$37,822 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lakeside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9242 Winter Gardens Blvd Subject 4 bd · 2 ba · 2,000 sqft · $466 | $895,000* List Price | 4 | 2 | 2,000 | $466 | - |
A 12184 Knoll Crest Sold 4 bd · 3 ba · 1,767 sqft · $580 · 0.2 mi | $1,025,000 | 4 | 3 | 1,767 | $580 | 0.2 mi |
B 12895 Meseta Lane Sold 4 bd · 3 ba · 2,131 sqft · $438 · 1.0 mi | $934,000 | 4 | 3 | 2,131 | $438 | 1.0 mi |
C 12327 Lemon Crest Dr Sold 5 bd · 4 ba · 2,034 sqft · $565 · 0.5 mi | $1,150,000 | 5 | 4 | 2,034 | $565 | 0.5 mi |
D 9676 Cypress Vale Dr Sold 4 bd · 2 ba · 1,800 sqft · $486 · 0.6 mi | $875,000 | 4 | 2 | 1,800 | $486 | 0.6 mi |
E 9039 Winter Gardens Blvd. Active 2 bd · 2 ba · 1,378 sqft · $508 · 0.2 mi | $700,000 List Price | 2 | 2 | 1,378 | $508 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1949, the property has undergone a comprehensive recent renovation within the last 5 years. The interior features brand new laminate flooring, fresh paint, recessed lighting, and completely updated bathrooms with modern vanities and shower inserts. The installation of mini-split HVAC systems indicates modernized mechanicals, and the overall condition is mint and move-in ready.
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 = 10058, living area = 2000.
- Development Potential
The RU (Urban Residential) zoning offers significant flexibility for investors or developers looking to maximize the utility of the large 10,058 sqft lot.
- Multi-Unit Income Potential
With a newly renovated main house and an additional renovated rear unit, the property is perfectly positioned for multi-generational living or as a high-yield rental investment.
CONSRISKS & DEFICIENCIES
- Unverified Permit Status
The permit status for the renovated back unit is unknown, which may pose challenges for traditional financing, appraisals, or future code compliance.
- Vintage Core Systems
Originally constructed in 1949, the property may have aging underlying infrastructure that could require more maintenance than a modern build despite recent cosmetic renovations.
About 9242 Winter Gardens Blvd
RARE INVESTMENT OPPORTUNITY OR GREAT RESIDENTIAL HOME!!! ACCORDING TO THE ZONING DEPT, ZONING IS RU (URBAN RESIDENTIAL) WHICH HAS MULTIPLE FLEXIBIITY. NEWLY RENOVATED 2,000 SQFT, 4 BEDROOMS, 2 FULL BATHS. 10,058 SQFT LOT WITH ANOTHER RENOVATED UNIT AT THE BACK OF THE PROPERTY (PERMIT UKNOWN), VERY SECURED, 6 UNCOVERED PARKING WITH WIDE ROLLING GATE ON THE RIGHT SIDE OF THE PROPERTY. CHECK OUT THE DEVELOPMENT FLEXIBILITY ON THIS RU ZONING.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 10,058 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lakeside Unified Schools
Lemon Crest Elementary School
Grades K-5 • 0.7 mi
4/10
Lakeside Middle School
Grades 6-8 • 0.8 mi
5/10
Pepper Drive Elementary School
Grades K-8 • 1.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 2.0 | 2.1 |
| Square foot | 2,000 | 1,691.867 |
| Lot Size | 10,058 | 16,616.193 |
| Price | $895.0K | $866.6K |
| Price per sq ft | $448 | $517 |
| Built year | 1949 | 1974 |
| HOA | $0 | $161 |
| Days on market | 6 | 46 |
Pricing History
Listed for Sale
Oct 19, 2026
$895,000
Initial Listing
Sold
Nov 30, 2022
$496,000
Public Record
Sold
Jun 2, 2020
$345,000
Public Record
Sold
Apr 8, 2020
$260,000
Public Record
Sold
Oct 1, 1997
$140,000
Public Record