$670,000
●
House -
Off Market
2705 BANCROFT Drive
Spring Valley, CA 91977
4 Beds
3 Baths
1,456 Ft²
$644,544
RealtyHop Estimate
-0.84%
Since Nov 1, 2023
CA-San Diego
Primary Model
About This Property
JUST REDUCED! "Excellent Investment Potential for This 4-Bedroom,
3-Full-Bath House! New Permitted Addition Added for the Kitchen and
1 Bedroom with a Full Bath (New Bathroom Not Permitted). The
Property Needs a Little TLC and Is Being Sold in "As-Is" Condition.
Situated on a Large 15,661 sq. ft. Flat Lot Zoned R-2. The Detached
Garage Has Been Converted to a Studio without a Permit. The Studio
Features a Half Bathroom and a Separate Entry from the Side Street.
Currently, There Is a Tenant on a Month-to-Month Lease Paying
$1100/Month. A Solar System Has Been Installed and Will Be Paid Off
at the Close of Escrow. However, the System Is Not Functioning and
Requires Replacement of 2 Panels. The Main House Received a New
Roof Installation 3 Months Ago - Must Be Seen to Be Appreciated!"
Unit Size
1,456 Ft²
Days on Market
44 days
Land Size
0.36 acres
Price per sqft
$446
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1945
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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: 10 months ago (SDMLS #PTP2304109)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2023 | Sold | ||
| Sold | |||
| Aug 22, 2023 | Listed by Noble Real Estate Services | $650,000 | |
| Listed by Noble Real Estate Services | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About La Presa
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Listed by: Simon Sung, Noble Real Estate Services
Last Updated: 10 months ago
Data Source: CRMLS, MLS# PTP2304109
Last Updated: 10 months ago
Data Source: CRMLS, MLS# PTP2304109
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