2040 Benita Dr #4, Rancho Cordova, CA 95670, Rancho Cordova, 95670 - 2 bed, 1 bath
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2040 Benita Dr #4
Rancho Cordova, CA 95670
ACTIVE
CONDITION: FAIR
2Beds
1Baths
924Sq Ft
1,834Lot Size
Property Price
LIST PRICE$190,000
EST. MARKET VALUE
$203,677
6% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a 2-bedroom condominium listed at $190,000, positioned well below the $203,678 Fair Market Value by 6%. This valuation gap offers $13,678 in Instant Equity. Featuring a private balcony and a Condition Rating of 4, the unit requires cosmetic modernization to maximize rental yields. Located near Riverview Stem Elementary (9/10) and major transit corridors, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into the Rancho Cordova market.
Estimated Market Value
$203,677+$13,677 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Rancho Cordova.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2040 Benita Dr #4 Subject 2 bd · 1 ba · 924 sqft · $220 | $190,000* List Price | 2 | 1 | 924 | $220 | - |
A 2036 Benita Drive 3 Sold 2 bd · 1 ba · 840 sqft · $246 · 0.0 mi | $207,000 | 2 | 1 | 840 | $246 | 0.0 mi |
B 11150 Trinity River Drive 42 Sold 2 bd · 2 ba · 939 sqft · $245 · 1.0 mi | $230,000 | 2 | 2 | 939 | $245 | 1.0 mi |
C 2032 Benita Drive 1 Active 2 bd · 1 ba · 795 sqft · $252 · 0.0 mi | $200,000 List Price | 2 | 1 | 795 | $252 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1969, this property shows significant signs of age with no evidence of recent renovations. The bathroom features a dated vanity, old-style lighting, and a yellowed fiberglass tub surround likely over 20 years old. The exterior balcony decking shows heavy staining and wear. While functional and move-in ready for a tenant, the unit requires cosmetic updates and modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Riverview Stem Elementary (9/10).
- Strategic Location
The property is ideally situated near major freeways and multiple colleges, offering excellent accessibility for commuters and students.
- Top-Rated School Proximity
Located just 0.3 miles from Riverview Stem Elementary (rated 9/10), the home is highly attractive for families prioritizing quality education.
CONSRISKS & DEFICIENCIES
- High HOA Fees
The monthly association fee of $438 is relatively high for the price point, which may affect the buyer's monthly budget or an investor's net yield.
- Aging Infrastructure
Built in 1969, the property may require ongoing maintenance or capital improvements to address the wear and tear associated with an older building.
About 2040 Benita Dr #4
Exceptional long term real estate investment opportunity in prime Rancho Cordova location for yourself, family and investment portfolio. This McQuen/McKeon style condominium is a 4-unit/fourplex style building. This unit 4 condo is on the upper level with private upstairs balcony. This balcony provides extra space and outdoor chill area. This 2-bedroom condo is in the heart Rancho/Fair Oaks area, minutes to many schools like Folsom Lake College, Sac State, Cosumnes River College, top rated Folsom schools and Fair Oaks Schools. Very near Fair Oaks (a block or 2 away). Easy freeway access to hwy 50 and I80 to other cities like Folsom, Downtown Sacramento, and Roseville. Have a sense of security due to Gated Condominium, Front Gate.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1969
- Lot Size
- 1,834 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $438 / Month
Neighborhood Insights
Rancho Cordova Unified Schools
Riverview Stem Elementary
Grades K-5 • 0.3 mi
9/10
Peter J. Shields Elementary School
Grades K-5 • 1.0 mi
4/10
W. E. Mitchell Middle School
Grades 6-8 • 0.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.4 |
| Baths | 1.0 | 2.0 |
| Square foot | 924 | 1,090.714 |
| Lot Size | 1,834 | 2,216.357 |
| Price | $190.0K | $281.4K |
| Price per sq ft | $206 | $257 |
| Built year | 1969 | 1975 |
| HOA | $438 | $423 |
| Days on market | 15 | 86 |
Pricing History
Listed for Sale
Oct 9, 2026
$190,000
Initial Listing
Sold
Nov 27, 2013
$70,000
Public Record
Sold
Sep 30, 2011
$55,000
Public Record
Sold
Aug 22, 2011
$37,000
Public Record