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Sold for $860,000 on 11/22/24
  • $860,000

    8843 Olive Dr, Spring Valley, CA 91977

    5beds
    --sqft
    Multi Family
    Built in 1924
    -- sqft lot
    $839,100 Zestimate®
    $--/sqft
    $2,786 Estimated rent

    Home value

    $839,100

    $772,000 - $915,000

    $2,786/mo

    Zestimate® history
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    What's special

    Unlock the endless potential of 8843 Olive Dr! Situated on a generous 0.5-acre lot, this exceptional property caters to a wide range of needs, whether you’re looking for storage for business equipment, a multi-family living setup, or a chance to generate passive income with additional units. The main residence is a charming 3-bedroom, 1-bathroom home, complete with its own private, gated yard and driveway. Two additional units expand the possibilities: a cozy 2-bedroom, 1-bathroom unit on the lower level, and an inviting 1-bedroom, 1-bathroom unit upstairs with a front covered patio and dedicated tandem parking. This property’s prime location backs onto Lamar Park, providing tranquil views and convenient access to walking trails just steps away. Plus, shopping centers and freeway access are only minutes away, putting all essentials within easy reach. A rare find in Spring Valley, this property offers limitless potential—whether you’re expanding your investment portfolio, creating a space for family and friends, or savoring the spacious outdoor setting. Don’t miss out on this opportunity to bring your vision to life!

    Zillow last checked: 8 hours ago

    Listing updated: August 13, 2025 at 04:42am

    Listed by:

    Zandra D Ulloa DRE #01849548 619-736-8008,

    Team Z Realty

    Bought with:

    Robert A Lopez III, DRE #02049134

    Compass

    Source: SDMLS,MLS#: 240023594MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Radiant
    Cooling
    • Wall/Window
    Interior area
    • Total structure area: 0

    Property

    Features
    • Levels: 1 Story
    • Pool features: N/K
    • Fencing: Full
    • Frontage type: Open Space
    Lot
    • Size: 0.50 sqft
    Details
    • Parcel number: 5031920800
    • Zoning: SPECIAL AN
    • Zoning description: SPECIAL AN

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • Year built: 1924

    Community & neighborhood

    Security
    • Security features: N/K
    Community
    • Community features: RV/Boat Parking
    Location
    • Region: Spring Valley
    • Subdivision: SPRING VALLEY

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA

    Price history

    DateEventPrice
    11/22/2024Sold$860,000+1.2%
    Source: SDMLS #240023594
    11/2/2024Pending sale$850,000
    Source: SDMLS #240023594
    10/31/2024Price change$850,000-15%
    Source: SDMLS #240023594
    10/4/2024Listed for sale$1,000,000
    Source: SDMLS #240023594

    Public tax history

    YearProperty taxesTax assessment
    2025$11,592 +199.4%$860,000 +285.7%
    2024$3,872 +3.7%$222,954 +2%
    2023$3,733 +2.5%$218,583 +2%

    Find assessor info on the county website

    Neighborhood: 91977

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $839,100

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $839,100