$825,000
●
House -
Off Market
8806 LAMAR
Spring Valley, CA 91977
3 Beds
2 Baths
1,014 Ft²
$3,924
Est. Monthly
About This Property
Fully renovated 3BD/2BA corner-lot home with a bonus studio ADU!
Enjoy a modern kitchen with quartz counters, designer backsplash,
open floorplan, marble accent wall with a zero-clearance electric
fireplace, LED lighting, and private ensuite. Large 6,558 SF lot
with paver patio,concrete pad, RV parking potential, and 5-car
wraparound driveway. Quiet, central location near La Mesa, Lemon
Grove, parks, schools, and shops. Move-in ready and full of charm!
Unit Size
1,014 Ft²
Days on Market
41 days
Land Size
0.15 acres
Price per sqft
$788
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1930
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (SDMLS #PTP2504186)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 16, 2025 | Sold | ||
| Sold | |||
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by Real Broker | $799,000 | |
| Listed by Real Broker | |||
| Feb 26, 2025 | Listed | $825,000 | |
| Listed | |||
| | |||
|
Welcome to 8806 Lamar St, a beautifully updated 3-bedroom, 2-bathroom home in the heart of Spring Valley. Situated on a 3,554 sq. ft. lot, this 1,014 sq. ft. single-story gem offers a perfect blend of comfort, convenience, and versatility. This home boasts a bonus room with a full bath (garage conversion, approx. 200 sq. ft. – permits unknown), providing additional living space for guests, a home office, or rental potential. The brand-new HVAC system, including a 3-ton AC unit and updated air vents, ensures year-round comfort. New windows (non-retrofit) enhance energy efficiency, while all-new appliances, including the water heater, make this home truly move-in ready. A gated second entrance leads to the backyard, offering parking for up to three cars—a rare find in this area! Located in a quiet, central neighborhood, this home provides easy access to schools, shopping, dining, and major freeways. Whether you're searching for a starter home, an investment property, or a flexible living space, this is an opportunity you don’t want to miss! Schedule your private tour today!
| |||
| Sep 30, 2024 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Spring Valley
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Listed by: Noelle Gramstad, Real Broker
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2504186
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2504186
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