3700 Helix Street
About This Property
Once part of the Historic Bancroft Ranch, the property boasts garden-like grounds crisscrossed with stone stairs, meandering paths, and romantic stone benches. Evoking a sense of stepping back in time, the home is situated on "Cactus Hill," offering a unique blend of history and modern comfort. While not currently registered as a historical landmark, the "Olla" holds significant historical value, according to the Spring Valley Historical Association.
Buyers are encouraged to review the Community Design Guidelines for the Spring Valley Community Planning Area, particularly page 71, which outlines guidelines for preserving historical sites. Seller and agents make no representations regarding modifications to or removal of the "Olla," emphasizing its integral role in Southern California's rich history. This property presents a rare opportunity to own a piece of Spring Valley's past within a meticulously maintained unique home and grounds.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2024 | Sold | ||
| Sold | |||
| Sep 1, 2024 | Price Decreased |
$749,999
↓ $48K
(6%) | |
| Price Decreased | |||
| Sep 1, 2024 | In contract | - | |
| In contract | |||
| Jun 7, 2024 | Listed by Executive Realty Firm | $798,000 | |
| Listed by Executive Realty Firm | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017