
Lakeside, California 92040
This property presents a High-Potential Investment Opportunity with a List Price of $925,000—positioned well below the $1,250,000 Fair Market Value by 26%. This valuation gap offers $325,000 in Instant Equity for buyers willing to execute a full renovation. With a Fair Condition Rating, the expansive .35-acre lot, Horse-Property Zoning, and flexible bonus room provide significant upside for forced appreciation. This is a value-add acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking to build substantial wealth through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9622 Lakeview Subject 3 bd · 3 ba · 2,771 sqft · $334 | $925,000* List Price | 3 | 3 | 2,771 | $334 | - |
A 13020 Manajo Way Active 4 bd · 3 ba · 2,074 sqft · $419 · 0.9 mi | $869,000 List Price | 4 | 3 | 2,074 | $419 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 (44 years old) with no evidence of major renovations. The interior shows significant wear including stained carpeting and a highly outdated kitchen with mismatched cabinetry and older appliances. The listing explicitly markets the property as a 'sweat-equity opportunity' requiring updating and a full remodel to reach its estimated value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15354, living area = 2771.
With an estimated after-remodel value of $1.2M–$1.3M, this property offers a substantial sweat-equity opportunity for buyers or investors looking to build immediate value through updates.
The 2,771 sqft layout features a massive primary suite and a flexible bonus room that can be converted into two additional bedrooms, providing excellent adaptability for growing families.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2771, other record living area = 2222.
The home is in need of significant updating and personal touches, which will require a substantial additional investment of time and capital from the buyer.
At a list price of $950,000, the initial investment is relatively high for a property requiring extensive renovations to reach its full market potential.
Price Reduction - Nestled in a peaceful country setting, this Horse-Ready property has a spacious 2,771 sf home that offers endless potential on an expansive .35-acre lot. Featuring a massive 19’ x 17’ primary suite complete with an oversized 10’ x 8’ walk-in closet, this home is designed with space and comfort in mind. The extra-large bonus room provides incredible flexibility for entertaining, hobbies, a game room, home office, or the opportunity to create two additional bedrooms. (see below for more info) The oversized garage with workshop space is perfect for car enthusiasts, projects, or extra storage, while the animal-friendly zoning adds even more versatility for rural living enthusiasts. Enjoy the best of country living with convenient access to both Highway 67 and Interstate 8 for an easy commute. Ready for your updating and personal touches, this property presents an outstanding sweat-equity opportunity with an estimated after-remodel value between $1.15M–$1.2M. A rare chance to create your dream estate with room to grow, play, and make it your own! ASK ABOUT THE ATTACHED 3/4 ACRE LOT THAT COULD GO WITH THE PROPERTY FOR THE RIGHT OFFER!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 3.0 | 2.1 |
| Square foot | 2,771 | 1,691.867 |
| Lot Size | 15,354 | 16,616.193 |
| Price | $925.0K | $866.6K |
| Price per sq ft | $334 | $517 |
| Built year | 1980 | 1974 |
| HOA | $0 | $161 |
| Days on market | 150 | 46 |
Oct 14, 2026
$925,000
$950,000
-3% Price Drop
Initial Listing
May 28, 2026
$950,000
Initial Listing