8561 Blue Lake Drive, San Diego, California 92119, San Diego, 92119 - 4 bed, 2 bath
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San Diego, California 92119
This San Carlos Value-Add Residence is a Prime Investment Opportunity, listed at $869,900—positioned well below the $892,978 Fair Market Value by 2%. This valuation gap offers $23,078 in Instant Equity for the incoming buyer. While the home maintains a functional Condition Rating, it requires cosmetic flooring and kitchen updates to meet modern standards. The Open Floor Plan and 4th Bedroom with Private Entry provide excellent multi-generational or rental potential near Patrick Henry High School. This is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8561 Blue Lake Drive Subject | $869,900* List Price | 4 | 2 | 1,375 | $649 | - |
A 8375 Lake Ben Ave Sold | $885,000 | 4 | 2 | 1,356 | $653 | 0.8 mi |
B 6368 Lake Atlin Avenue Sold | $950,000 | 3 | 2 | 1,514 | $627 | 0.3 mi |
C 8419 Hudson Dr. Sold | $850,000 | 3 | 2 | 1,200 | $708 | 0.9 mi |
D 6551 Lake Ashmere Court Sold | $920,000 | 3 | 2 | 1,353 | $680 | 0.8 mi |
E 6354 Arms Lake Avenue Sold | $820,000 | 3 | 2 | 1,107 | $741 | 0.3 mi |
F 8470 Tommy Dr Active | $878,000 List Price | 4 | 2 | 1,210 | $726 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, the property shows signs of aging with renovations that appear to be 15 to 25 years old. The kitchen features dated light wood cabinetry and older white appliances, while the bathrooms and bedrooms show significant wear, including stained carpeting and outdated fixtures. While the home is functional and lived-in, it requires cosmetic updates, new flooring, and minor repairs to meet current market standards.
The oversized fourth bedroom features a private exterior entry and sitting area, offering excellent potential for a guest suite, multi-generational living, or a home office.
The integrated dining, family, and living rooms create a modern, airy flow that is enhanced by numerous windows providing abundant natural light throughout the home.
Rare for this area, the property features a two-car garage plus additional driveway space for four cars, providing ample room for guests or multiple vehicles.
With four bedrooms configured within 1,375 square feet, the individual room dimensions and common areas may feel constrained compared to modern standards.
The property is noted to have no views, which may be a drawback for buyers specifically seeking the hillside or canyon vistas common in the San Carlos neighborhood.
Home has a very open floor plan. Dining area, family room and living all combined. There are numerous windows to let in abundant light. Fourth bedroom is very large with sitting area, and it's own private entry from outside of the home. Two car garage and room for 4 cars in the driveway. Fireplace tucked in the corner adjacent to fireplace area on patio outside. Patio is covered.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 1.1 mi
Grades 7-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,375 | 1,616.5 | 28% |
| Lot Size | 6,500 | 6,567 | 49% |
| Price | $869.9K | $1.01M | 12% |
| Price per sq ft | $633 | $651 | 46% |
| Built year | 1956 | 1964 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 124 | 4% |
Apr 15, 2026
$869,900
Initial Listing
Nov 6, 2012
$373,000
Public Record
Jun 20, 2012
$300,000
Public Record
Aug 1, 2003
$375,000
Public Record
Mar 15, 1999
$124,500
Public Record
Apr 29, 1994
$131,000
Public Record