9420 Emerald Grove Avenue, Lakeside, California 92040, Lakeside, 92040 - bed, bath
ACTIVE$839,000
9420 Emerald Grove Avenue, Lakeside, California 92040
0Bed
0Bath
2,502Sqft
23,958Lot
Year Built
1958
Close
-
List price
$839K
Original List price
$770K
Price/Sqft
$335
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507291
Home ConditionPoor
Features
Good View:
Deck
Patio
View-
About this home
We found 3 Cons,5 Pros.
Great rental property with lots of room to expand. Please see document attached article on Lakeside. Unit 3 is a Studio from a garage conversion with unknown permits. See document attached floor plan. Call San Diego County Building Dept at 858-565-5920 about adding an ADU
Nearby schools
4/10
Lemon Crest Elementary School
Public,•K-5•1.0mi
5/10
Lakeside Middle School
Public,•6-8•0.5mi
6/10
Pepper Drive Elementary School
Public,•K-8•1.7mi
6/10
El Capitan High School
Public,•9-12•2.0mi
6/10
Santana High School
Public,•9-12•2.0mi
3/10
Idea Center
Public,•9-12•3.2mi
Price History
Date
Event
Price
11/02/25
Price Change
$839,000-6.8%
10/27/25
Price Change
$900,000
09/24/25
Listing
$770,000
Condition Rating
Poor
Built in 1958, this property shows significant signs of age and deferred maintenance. The kitchen, as depicted, is extremely outdated with 1970s/80s-era tiled countertops, old white appliances, and dated cabinetry and flooring, indicating no major renovations in several decades. While no bathroom images are provided, it's highly probable they are in a similar condition. The exterior appears worn, and the driveway is cracked. Furthermore, the listing explicitly mentions an unpermitted garage conversion, which represents a significant defect and potential legal/financial risk. The property requires substantial repairs and rehabilitation to address its outdated systems, aesthetics, and the unpermitted unit.
Pros & Cons
Pros
Strong Income Potential: Explicitly marketed as a 'Great rental property' and classified as a Triplex (Residential Income), offering multiple revenue streams.
Significant Expansion & ADU Potential: The property description highlights 'lots of room to expand' and the possibility of 'adding an ADU,' suggesting future value addition.
Generous Lot Size: A substantial 23,958 sqft lot provides ample space for current use, potential expansions, and outdoor amenities.
Multi-Unit Configuration: As a Triplex, it offers diversified rental income and potentially higher cash flow compared to single-unit properties.
Convenient School Access: Located within close proximity to well-rated schools like Lakeside Middle School (0.51 miles) and Lemon Crest Elementary School (1.03 miles).
Cons
Unpermitted Unit: Unit 3 is a garage conversion with 'unknown permits,' posing legal and financial risks for the buyer regarding compliance and potential remediation.
Property Age & Potential Maintenance: Built in 1958, the property is over 60 years old, which may imply a need for updates to systems, infrastructure, and general maintenance.
Recent Price Reductions: The listing has undergone multiple price adjustments, including a recent reduction from $900,000 to $839,000, which could signal challenges in market valuation or buyer interest.