9420 Emerald Grove Avenue, Lakeside, California 92040, Lakeside, - 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
-
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507291
Home ConditionPoor
Features
Good View:
Deck
View-
About this home
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
The property, built in 1958, is significantly outdated and requires substantial rehabilitation. The kitchen features severely dated tiled countertops, old white appliances, and original-style cabinetry, indicating no major renovation in decades. The exterior shows signs of disrepair with a cracked driveway and aged railings. Furthermore, the description notes a garage conversion with 'unknown permits,' which could imply significant structural or code compliance issues requiring substantial repairs and rehabilitation to meet current standards.
Pros & Cons
Pros
Strong Income Potential: Explicitly marketed as a 'Great rental property' and structured as a Triplex, offering immediate and consistent income generation for investors.
Significant Expansion & ADU Potential: The property boasts a large lot (23,958 sqft) and explicitly highlights the potential for adding an Accessory Dwelling Unit (ADU), providing substantial opportunities for future development and increased value.
Generous Lot Size: A substantial 23,958 sqft lot offers ample outdoor space, potential for privacy, and supports various expansion projects or additional structures.
Desirable School Proximity: Located within 0.6 miles of Lakeside Middle School, making it an attractive option for families with school-aged children.
Versatile Investment Opportunity: Classified as 'Residential Income' and a 'Triplex,' this property is well-suited for investors seeking multi-unit properties with inherent growth and income potential.
Cons
Unpermitted Unit: Unit 3 is a studio from a garage conversion with unknown permits, which presents potential legal and financial risks, possibly requiring costly legalization or remediation.
Property Age & Potential Updates: Built in 1958, the property's age suggests that major systems (plumbing, electrical, HVAC) and general aesthetics may require significant capital expenditure for upgrades and modernization.
Recent Price Volatility: The listing price history shows an initial increase followed by a reduction, which could indicate market resistance or an initial overestimation of value, potentially impacting buyer confidence.