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!
Sold for $860,000 on 11/22/24
$860,000
8843 Olive Dr, Spring Valley, CA 91977
5beds
3baths
--sqft
Multi Family
Built in 1924
-- sqft lot
$849,600 Zestimate®
$--/sqft
$4,250 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 22, 2024 at 07:17pm
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#: 240023594
Originating MLS: San Diego Association of REALTOR

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- 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 Acres
Details
- Parcel number: 5031920800
- Zoning: SPECIAL AN
- Zoning description: SPECIAL AN
- Special conditions: N/K
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
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$849,600
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
$849,600