8761 Lake Murray 9, San Diego, California 92119, San Diego, 92119 - 3 bed, 2 bath
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San Diego, California 92119
This 3-bedroom, 2-bath condominium represents a Strong Value Opportunity, listed at $499,000—positioned well below the $468,694 Fair Market Value by -6%. While the property is priced slightly above market, it offers a Condition Rating of 4, featuring fresh paint and new carpet. Located in a VA/FHA-approved complex with community pools and spas, it provides a low-maintenance lifestyle near top-rated schools like Patrick Henry High. This is an ideal acquisition for first-time buyers or investors seeking a stable, move-in-ready asset in San Carlos.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8761 Lake Murray 9 Subject | $474,000* List Price | 3 | 2 | 1,149 | $407 | - |
A 8779 Lake Murray 9 Sold | $497,000 | 3 | 2 | 1,149 | $433 | 0.0 mi |
B 8785 Navajo Rd 6 Sold | $425,000 | 2 | 2 | 1,114 | $382 | 0.1 mi |
C 8757 Lake Murray Blvd 4 Sold | $530,000 | 3 | 2 | 1,209 | $438 | - |
D 8609 Lake Murray 11 Active | $475,000 List Price | 2 | 2 | 973 | $488 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property features recent cosmetic refreshments including new carpet and paint. However, the kitchen and bathrooms remain dated with older painted cabinetry, aged appliances, and basic fiberglass inserts. While functional and move-in ready, the core finishes and systems are over 20 years old and require modernization.
The complex is both VA and FHA approved, which significantly broadens the pool of eligible buyers and provides excellent opportunities for those seeking low-down-payment financing.
With fresh interior paint and brand-new carpeting throughout, the home is in move-in-ready condition, reducing immediate post-purchase expenses for the buyer.
Situated in the heart of San Carlos, the property offers exceptional proximity to Lake Murray, Cowles Mountain, and Mission Trails Regional Park, ideal for outdoor enthusiasts.
The lack of in-unit laundry hookups requires residents to use community facilities, which may be a convenience drawback compared to more modern condominium layouts.
Constructed in 1972, the property may require more ongoing maintenance or lack the energy-efficient features found in newer residential developments.
VA and FHA approved complex-Fresh, bright, and ready for its next chapter, this upstairs 3-bedroom, 2-bath condo is located in Lake Murray Terrace in the heart of San Carlos. With fresh interior paint and new carpet, the home feels clean, comfortable, and easy to settle into. The spacious floor plan offers room to live, work, and gather, with a natural flow between the living and dining areas. Lake Murray Terrace is known for its convenient location and community amenities, including multiple pools, jacuzzi/spa, BBQ areas, community laundry facilities, and well-maintained grounds. Everyday conveniences are close by, with shopping, dining, grocery stores, schools, and freeway access just minutes away. Outdoor lovers will appreciate being near Lake Murray, Mission Trails Regional Park, Cowles Mountain, and neighborhood parks. A great opportunity for a first-time buyer, investor, or anyone looking for low-maintenance living in one of San Diego’s most established and convenient neighborhoods. VA and FHA approved complex. HOA does allow in unit washer and dryers to be added with design approval. Extra paking spaces can be rented upon availability.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,149 | 999 |
| Lot Size | 169,991 | 84,697.5 |
| Price | $474.0K | $604.2K |
| Price per sq ft | $413 | $618 |
| Built year | 1972 | 1985 |
| HOA | $490.0 | $500 |
| Days on market | 27 | 53 |
Jul 18, 2026
$474,000
$499,000
-5% Price Drop
Initial Listing
Jun 25, 2026
$499,000
Initial Listing