NOT LISTED FOR SALE

1024 Esplanade Chico, CA 95926

Chico Vecino Neighborhood
8 Beds
4 Baths
3,759 Sq Ft
10,018 Sq Ft Lot

Last Sold September 21, 2020

Last sale price $770,000 $205 Per Sq Ft

58 Days on Market

Highlights

  • Open Floorplan
  • Craftsman Architecture
  • Wood Flooring
  • Chico Junior High School Rated A-
  • Property is near public transit
  • Attic

About This Home

As of September 2020

Great opportunity to invest in Chico! The main home would be perfect for an office building, offering 5 bedrooms, 1.5 baths, 2,159 sq ft built in the early 1900'. With the charm of yesterday located on one of Chico's iconic streets, great street location! Back units offer a well appointed 2 bed/ 1 bath, granite counters, skylight, laundry closet, with 10 x 20 covered Veranda (covered patio), open floor plan. Downstairs offers a studio style room with private bath that is handicap accessible. Home, Studio & Apartment have all had great rental history. A bonus is the over sized 2 car garage space with an office area that could work well for bikes or motorcycle garage space, along with 7 parking spaces, Attached to the garage is an additional laundry room. Use permit filed has many uses, look in supplements in MLS. Seller just installed new roof and new HVAC downstairs on the main home!!

Last Agent to Sell the Property

Teresa Larson

Parkway Real Estate Co. Listed on: 07/01/2020

Co-Listed By

Candace Andel

Century 21 Select Real Estate, Inc. License #02040053

Last Buyer's Agent

Casey Smyth

NextHome North Valley Realty License #01941937

NextHome North Valley Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 10,018 Sq Ft Lot
  • No Common Walls
  • Southeast Facing Home
  • Wood Fence
  • Landscaped
  • Front and Back Yard Sprinklers
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Direct Access Garage
  • 7 Open Parking Spaces
  • Front Facing Garage
  • Side by Side Parking
  • Garage Door Opener
  • On-Street Parking
  • Parking Lot
  • RV Potential

Home Design

  • Craftsman Architecture
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,759 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Drapes & Rods
  • Bay Window
  • Window Screens
  • French Doors
  • Sliding Doors
  • Formal Entry
  • Great Room
  • Living Room
  • Dining Room with Fireplace
  • Home Office
  • Storage
  • Utility Room
  • Home Gym
  • Neighborhood Views
  • Basement
  • Sump Pump
  • Attic Fan

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Portable Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Grab Bar In Bathroom
  • Halls are 36 inches wide or more
  • Doors are 32 inches wide or more
  • No Interior Steps
  • Accessible Parking

Outdoor Features

  • Living Room Balcony
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 4
  • Assessor Parcel Number 003104014000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Cable TV Expense $1,980
  • Electric Expense $6,600
  • Gardener Expense $1,440
  • Insurance Expense $4,000
  • Other Expense $1,000
  • Trash Expense $780
  • Water Sewer Expense $2,100
  • New Taxes Expense $9,600
  • Operating Expense $27,500
  • Net Operating Income $48,144

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 6.02
  • Inclusions: See Supplements
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: OR
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 003104014000
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Attic Fan, Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, Living Room Balcony, Open Floorplan, Pantry, Recessed Lighting, Storage, Sump Pump, Tile Counters, Wainscoting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Accessibility Features: 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, Grab Bars In Bathroom(s), No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: French Doors, Sliding Doors
  • Fireplace Features: Dining Room
  • Levels: Two
  • Price Per Square Foot: 204.84
  • Room Type: Attic, Basement, Entry, Exercise Room, Formal Entry, Great Room, Jack & Jill, Kitchen, Laundry, Living Room, Office, Utility Room, Walk-In Closet
  • Window Features: Bay Window(s), Double Pane Windows, Drapes, Screens

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Concrete Perimeter, Slab
  • Other Structures: Two On A Lot
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Direct Garage Access, Garage, Garage Faces Front, Garage Door Opener, On Site, Parking Space, RV Potential, Side by Side, Street
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas & Electric Range, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Portable Dishwasher, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Water Heater, Water Line to Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Common Area, Community, Dryer Included, Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside, Stackable, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 780.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 10018.00
  • Lot Size Acres: 0.2300

Multi Family

  • Average1 Bed Area: 2159 Square Feet
  • Average Studio Area: 1600 Square Feet
  • Cable TV Expense: 1980.00
  • Electric Expense: 6600.00
  • Gross Scheduled Income: 75644.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 10018.0000 Square Feet
  • Net Operating Income: 48144.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 27500.00
  • Other Expense: 1000.00
  • Other Expense Description: Repair
  • Rent Control: No
  • Total Actual Rent: 7100.00
  • Total Expenses: 27500.00

Tax Info

  • New Taxes Expense: 9600.00
  • Tax Block: 4
  • Tax Census Tract: 7.00
  • Tax Lot: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2020 09/21/20 Sold $770,000 -3.7% $205 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $799,900 -- $213 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Teresa Larson

    Seller's Agent in 2020

    Teresa Larson

    Parkway Real Estate Co.

    (530) 899-5925

    16 in this area

    120 Total Sales

    Teresa Larson
    Section Image

  • C

    Seller Co-Listing Agent in 2020

    Candace Andel

    Century 21 Select Real Estate, Inc.

    Section Image

  • C

    Buyer's Agent in 2020

    Casey Smyth

    NextHome North Valley Realty

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20127371

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95926 Chico Vecino

1024 Esplanade, Chico, CA

Not Listed for Sale

MultiFamily

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