8908 Lamar Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Aug 24, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Listed by Keller Williams La Jolla | $495,000 | |
| Listed by Keller Williams La Jolla | |||
| | |||
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Priced to Sell! This Single Family Home offers serious potential for buyers with the vision of value. The home needs a cosmetic makeover—but the layout is functional and the possibilities are endless. Roof was completely redone 1.5 years ago. Newer dual pane, UV protected windows. This home is ideal for first-time buyers, investors, or anyone ready to roll up their sleeves and build instant equity. Whether you’re planning a full renovation or just a few updates over time, you’ll be stepping into a home with untapped value at a fair price. Don’t miss this rare opportunity to own a home in a desirable neighborhood without paying top dollar. Come see it today and imagine the future you can create here. One shared roof. No common walls. Tax records notates this home as a Single Family Residence and has a separate APN from the other home. The driveway from entrance to the back of the grass [not the trees] is an easement.
| |||
| May 31, 2012 | Sold | ||
| Sold | |||
| Mar 6, 2012 | Listed by Magnus Realty Group, Inc. | $195,000 | |
| Listed by Magnus Realty Group, Inc. | |||
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About Spring Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017