619-990-4436
8861 Lamar Ave, Spring Valley 91977
(4) 2 bedroom 1 bath Units
Rents roughly $1350/unit
Remodeled throughout
8861 Lamar Ave, Spring Valley 91977 – 4-Unit Multifamily Case Study
Property Overview
8861 Lamar Ave is a 4-unit multifamily property located in the heart of Spring Valley, a rapidly improving rental submarket within East County San Diego.
The property consists of (4) two-bedroom / one-bath units, each offering a desirable layout for long-term renters seeking affordability and space.
At the time of sale, the property had been recently remodeled throughout, enhancing both curb appeal and operational efficiency—key selling points for today’s value-focused multifamily investors.
Investment Highlights
Sold For: $795,000
Property Type: 4-Unit Multifamily
Unit Mix: (4) 2BD / 1BA
Rent at Sale: $1,350 per unit
Condition: Fully remodeled
Submarket: Spring Valley, East County San Diego
Representation: Seller
This property attracted strong private-party interest due to its updated interiors, solid tenant base, and favorable price point in a high-demand workforce housing corridor.
Submarket Insight: Spring Valley Multifamily
Spring Valley remains one of the most resilient and supply-constrained submarkets in East County due to:
Strong workforce housing demand
Renters seeking larger units at more affordable rents than central San Diego
Limited construction of new multifamily properties
Low vacancy rates and consistent year-over-year rent growth
Properties like this—updated, fully rented, and under 10 units—are among the most sought-after investment types in Spring Valley’s renter-heavy market.
Advisory Strategy & Positioning
Representing the seller, Arby positioned the asset to maximize interest from both owner-users and long-term investors:
Showcased the turnkey remodel to highlight minimal near-term capital requirements
Priced the property based on micro-market comps across Spring Valley, Lemon Grove, and La Presa
Emphasized strong in-place rents relative to property condition and area demand
Outlined rent upside potential given improving submarket fundamentals
Targeted investors seeking stable, low-maintenance 2BD inventory
This strategic presentation ensured the property stood out despite a competitive environment for smaller multifamily assets.
Outcome
The property sold for $795,000, reflecting strong investor demand for renovated, cash-flowing 2-bedroom units in Spring Valley.
This sale continues Arby’s track record of delivering premium results for small-to-mid size apartment owners across East County.
Thinking About Selling?
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