Listed by: Alex Lombrozo, LIFE residential Inc.
$660,283
●
Condo -
Off Market
2560 Bancroft Drive #8
Spring Valley, CA 91977
3 Beds
2 Baths
1,360 Ft²
$3,537
Est. Monthly
$350
HOA / Fees
6.56%
Cap Rate
About This Property
The perfect starter 3 bedroom condo in the heart of Spring Valley
with a spacious and open floorplan that features a fully remodeled
modern kitchen, an open backyard, finished with pavers and a cozy
firepit perfect for hosting. Additional features include your very
own attached 2 car garage, a powerful central A/C, custom tile
flooring downstairs and lovely wood like vinyl plank throughout the
staircase and upstairs. This end unit condo has so much to offer.
Unit Size
1,360 Ft²
Days on Market
75 days
Land Size
-
Price per sqft
$477
Property Type
Condo
Property Taxes
-
HOA Dues
$350
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: 2 years ago (CRMLS #PTP2500577)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | Listed by LIFE residential Inc. | $649,000 | |
| Listed by LIFE residential Inc. | |||
| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| Jul 8, 2021 | In contract | - | |
| In contract | |||
| Jul 3, 2021 | Price Decreased |
$487,500
↓ $13K
(2.5%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Garage
Parking Details
Has Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Bathrooms on Main Level: 1
Levels: Two
Interior Features: All Bedrooms Up
Living Area Square Feet Source: Assessor
Laundry Features: Laundry Closet
None
Exterior Details
Year Built: 1989
Parcel Number: 5034001508
Home Type: Residential
Pool Features: None
Lot Size Source: Assessor
Utilities Details
Cooling Type: Central Air
Location Details
Association Fee Includes: Sewer
Association Amenities: Insurance, Pets Allowed, Trash
Association Fee: $350
Association Fee Frequency: Monthly
Community Features: Curbs, Gutters, Sidewalks
High School District: La Mesa-Spring Valley
Directions: Google Maps
Other Details
Listing Terms: Cash, Conventional, FHA, VaLoan
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 |
|---|---|---|---|---|---|---|---|
|
01/01/2025
|
3 Bed
|
2 Bath
|
1360 ft²
|
$649,000
3 Bed
2 Bath
1360 ft²
|
$660,283
+1.74%
04/07/2025
|
Alexandra Cervantes
Coldwell Banker West
| |
|
06/08/2021
|
3 Bed
|
3 Bath
|
1360 ft²
|
$500,000
3 Bed
3 Bath
1360 ft²
|
$500,000
08/05/2021
|
Michael Higuera
Big Block Realty
| |
|
10/11/2018
|
3 Bed
|
2 Bath
|
1360 ft²
|
$375,000
3 Bed
2 Bath
1360 ft²
|
$370,000
-1.33%
01/28/2019
|
Travis Winfield
Big Block Realty, Inc.
| |
|
05/21/2013
|
3 Bed
|
2 Bath
|
1360 ft²
|
$219,000
3 Bed
2 Bath
1360 ft²
|
$207,000
-5.48%
07/03/2013
|
Jim Carmichael
Century 21 Award
|
Building Info
About Spring Valley
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Listed by: Alex Lombrozo, LIFE residential Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2500577
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2500577
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