
Lakeside, California 92040
This property presents a High-Potential Investment Opportunity with a List Price of $649,950—positioned well below the $648,977 Fair Market Value by 0% (at market). Featuring a Condition Rating of 6, the home requires significant renovation, yet the massive 21,780 sqft corner lot offers exceptional utility for ADU development or lot splitting. This Value-Add Asset provides the structural foundation for forced appreciation in a growing market. It is an ideal acquisition for Investor-Builders or Contractors seeking to maximize density and long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9340 Adlai Subject | $649,950* List Price | 2 | 2 | 1,588 | $409 | - |
A 9747 Lakeview Rd. Sold | $670,000 | 3 | 2 | 1,530 | $438 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1950 (76 years old) with no mention of renovations, meeting the >50-year criteria. The listing explicitly targets 'investor-builders' and focuses on the 21,000+ sqft lot value and potential for new ADUs, suggesting the current structure is at the end of its functional life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21780, living area = 1588.
Wow! This property is now a prime opportunity for the savvy investor-builder in the growing Lakeside community! Check out this corner 1/2 acre lot. This 4 bedroom 2 bath home is looking for the right investor and/or homeowner that can imagine what it could be become. Tax records show 2 bedrooms 1 bath - property physically has 4 bedroom 2 baths. The 21,000+ sqft large lot adds even more value, offering a rare opportunity and plenty of space for potential additions, landscaping, or even a Jr ADU and/or an ADU dwelling and/or possibly still splitting the lot without having a flag or shared lot situation is the beauty of this corner lot. (Subj to city guidelines - buyer to verify). The flat lot layout also allows for flexibility in reimagining the current home’s layout, whether that means expanding the floor plan or adding square footage. The area has strong demand for renovated homes, and with the right upgrades, this property offers excellent resale potential. Whether you envision restoring it to its former glory or completely reworking the space for today’s buyer, this home presents a rewarding opportunity to add significant value in a highly desirable neighborhood. This house can be reimagined into a stunning residence that balances classic character with modern appeal. Its location and potential make it an undeniable prospect. Don’t miss the chance to transform this diamond in the rough into a highly desirable home. For the country feel yet city close... don't miss out on this home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,588 | 1,654.545 |
| Lot Size | 21,780 | 16,258.809 |
| Price | $650.0K | $854.8K |
| Price per sq ft | $409 | $508 |
| Built year | 1950 | 1974 |
| HOA | $0 | $92 |
| Days on market | 9 | 51 |
Aug 31, 2026
$649,950
Initial Listing