1
Map
$738,000
●
Condo -
Off Market
1572 Lima Way #6
Placentia, CA 92870
2 Beds
2 Baths,
1
Half Bath
1,320 Ft²
$3,845
Est. Monthly
$221
HOA / Fees
4.85%
Cap Rate
About This Property
One of the largest 2 beds on the market. This home qualifies
for a $30,000 program for first time home buyers! It can be used
for down payment, rate buydown, or closing costs! Welcome to
this PAID OFF SOLAR powered home, with 2 EN-SUITE bedrooms, 2.5
baths, 1320 sq ft of open living space in a secure GATED COMMUNITY.
Comes with a DIRECT ACCESS, OVERSIZED 2 car garage, EV
charging outlet, tankless water heater, and in-unit washer/dryer.
This model comes with more storage than other models and has
window coverings installed, upgraded luxury vinyl flooring
THROUGHOUT, quartz countertop, 5 burner GAS stove, and shaker
cabinets. ZERO CARPET. The community has a low HOA,
guest parking and amenities to enjoy. Amenities include
secured gates, fire pit lounge, outdoor bbq, half court basketball,
childrens playground, and dog park. Sellers will also
purchase a one year HOME WARRANTY for the buyers.
Unit Size
1,320 Ft²
Days on Market
131 days
Land Size
-
Price per sqft
$559
Property Type
Condo
Property Taxes
-
HOA Dues
$221
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (CRMLS #TR26007228)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Price Decreased |
$738,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Feb 11, 2026 | Price Decreased |
$748,000
↓ $2K
(0.2%) | |
| Price Decreased | |||
| Jan 13, 2026 | Listed by Real Broker | $749,800 | |
| Listed by Real Broker | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Open Floorplan, Recessed Lighting, Walk-In Closet(s), Balcony, SeparateFormalDiningRoom, AllBedroomsUp, PrimarySuite
Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Tankless Water Heater
Flooring Type: Vinyl
Door Features: Sliding Doors
Laundry Features: Washer Hookup, Gas Dryer Hookup
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 1320
Square Footage Source: $0
Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Property Condition: Updated/Remodeled, Turnkey
Architectural Style: Modern
Year Built Source: Public Records
Year Built: 2023
Builder Name: Landsea Homes
Levels: Three Or More
Window Features: Double Pane Windows
Construction Materials: Stucco
Patio and Porch Features: Deck
Pool Features: None
Lot Features: ZeroToOneUnitAcre
Tax Lot: 1
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Sport Court, Dog Park, Maintenance Grounds, Management, Barbecue, Playground, CallForRules, FirePit, OutdoorCookingArea
HOA Fee: $221
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/13/2026
|
2 Bed
|
2 Bath
|
1320 ft²
|
$749,800
2 Bed
2 Bath
1320 ft²
|
$738,000
-1.57%
05/26/2026
|
Jane Yim
Berkshire Hathaway HomeServices California Properties
|
Building Info
About The Canyon
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Listed by: Jane Yim, Real Broker
Last Updated: 6 months ago
Data Source: CRMLS, MLS# TR26007228
Last Updated: 6 months ago
Data Source: CRMLS, MLS# TR26007228
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