1882 Olamar Way, San Diego, California 92139, San Diego, 92139 - 4 bed, 3 bath
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San Diego, California 92139
This Spacious Value-Add Residence is listed at $865,000, representing a stable acquisition at its $865,000 Fair Market Value. Featuring a Condition Rating of 4, the 2,037 sq ft interior is well-maintained but retains original 1980s finishes, offering a clear path for forced appreciation through cosmetic modernization. The property boasts a large backyard, private deck, and patio, situated near high-performing schools like Zamorano Elementary. This functional layout provides a solid foundation for Owner-Occupants looking to build equity or Buy-and-Hold Investors seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1882 Olamar Way Subject | $865,000* List Price | 4 | 3 | 2,037 | $425 | - |
A 2333 Spring Oak Way Sold | $790,000 | 4 | 3 | 1,629 | $485 | 0.3 mi |
B 2254 Spring Oak Way Active | $775,000 List Price | 3 | 2 | 1,539 | $504 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is well-maintained but shows significant signs of age with mostly original features. The kitchen and bathrooms are outdated, featuring 1980s-style wood cabinetry, laminate countertops, and older white appliances. While the home is functional and clean, it requires cosmetic modernization and updates to the fixtures and flooring to meet current market standards.
With 4 bedrooms, 3 bathrooms, and over 2,000 square feet of living space, this home offers a generous footprint that is highly desirable for growing families or multi-generational living.
The property features a large backyard, providing a significant amount of private outdoor space for recreation, gardening, or potential future improvements in a prime San Diego location.
The home is conveniently located near well-rated schools, including Zamorano Elementary and Bethune K-8, both boasting a rating of 7, which adds long-term value for families.
The listing explicitly notes no views, which may be a disadvantage in the Paradise Hills area where many competing properties offer canyon or city light vistas.
Built in 1986, the property may require updates to its original systems and cosmetic finishes to meet the expectations of modern buyers looking for contemporary aesthetics.
Welcome to this stunning 4-bedroom, 3-bathroom home located in the heart of San Diego, CA. This property boasts a spacious layout with ample room for comfort and convenience. The home features a cozy fireplace, perfect for those cooler evenings, and a large backyard that offers plenty of space for outdoor activities or simply enjoying the beautiful California weather. Additionally, the house is equipped with washer and dryer hookups, adding to the convenience of this wonderful home. With its prime location and impressive amenities, this property provides a perfect blend of comfort and functionality. Don't miss out on the opportunity to make this your new home!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,037 | 1,416 | 91% |
| Lot Size | 6,098.4 | 6,300 | 47% |
| Price | $865.0K | $775.0K | 86% |
| Price per sq ft | $425 | $525 | 14% |
| Built year | 1986 | 1964 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 190 | 145 | 79% |
Oct 14, 2025
$865,000
Initial Listing