NOT LISTED FOR SALE

1041 W 9th St Chico, CA 95928

South Campus Neighborhood

Estimated Value: $823,613 - $863,000

4 Beds
8 Baths
4,216 Sq Ft
$200/Sq Ft Est. Value

Sale Details

Date Sold: October 25, 2022

Last sale price $825,000 $196 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,341 / mo

11 Days on Market

Highlights

  • Central Heating and Cooling System
  • Chico Junior High School Rated A-
  • Bike Trail

About This Home

As of October 2022

1041 W 9th Street is a 4-unit multifamily property located in Chico, CA. Built in 1981, the property is comprised of (4) four-bedroom two-bathroom flats with sizeable floor plans of approximately 1,054 square feet each. The building is comprised of a stucco exterior, pitched composition shingle roof, dual pane windows, central HVAC and a concrete slab foundation. Comparable market data shows current rents are below market, allowing a new owner to achieve strong cash flow with minimal capital improvements going forward.

Last Agent to Sell the Property

Spencer Moyer

Alive Commercial Real Estate License #01940191 Listed on: 08/12/2022

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,386

Year Built

  • Built in 1981

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4 Bedrooms
  • 4,216 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 004290015000

Community Details

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $800
  • Insurance Expense $1,800
  • Professional Management Expense $3,480
  • Trash Expense $3,922
  • Water Sewer Expense $900
  • Operating Expense $27,745
  • Gross Income $71,760
  • Net Operating Income $41,862

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,386

Year Built

Built in 1981

Lot Details

8,712 Sq Ft Lot

Listing Details

  • CapRate: 4.53
  • Professional Management Expense: 3480.00
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Parcel Number: 004290015000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 195.68

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3922.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Average1 Bed Area: 1054 Square Feet
  • Electric Expense: 800.00
  • Gross Income: 71760.00
  • Gross Scheduled Income: 71760.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 41862.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27745.00
  • Rent Control: No
  • Total Expenses: 27745.00

Tax Info

  • Tax Annual Amount: 12386.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Dec 5, 2022
Sold by
Bought by
Seller's Agent
Spencer Moyer
Alive Commercial Real Estate
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$925,000
Sold Price
$825,000
Premium/Discount to List
-$100,000
-10.81%
Views
11
Current Estimated Value
$844,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,903
Avg. Annual Appreciation
0.65%

Purchase Details

Listed on
Aug 12, 2022
Closed on
Oct 18, 2022
Sold by
Bought by
Seller's Agent
Spencer Moyer
Alive Commercial Real Estate
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$925,000
Sold Price
$825,000
Premium/Discount to List
-$100,000
-10.81%
Views
11

Purchase Details

Closed on
Jun 11, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
0.0392%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
0.0392%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$825,000 First American Title
-- Mid Valley Title & Escrow Co
$450,000 Mid Valley Title & Escrow Co
$155,000 Fidelity National Title Co
$231,533 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $343,000
Closed $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/25/2022 10/25/22 Sold $825,000 -10.8% $196 / Sq Ft
08/23/2022 08/23/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $925,000 -- $219 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,329 $858,208 $166,464 $691,744
2024 $9,329 $838,440 $163,200 $675,240
2023 $9,220 $825,000 $160,000 $665,000
2022 $6,645 $591,068 $144,479 $446,589
2021 $6,517 $579,480 $141,647 $437,833
2020 $6,501 $573,539 $140,195 $433,344
2019 $6,386 $562,295 $137,447 $424,848
2018 $6,268 $551,270 $134,752 $416,518
2017 $6,138 $540,461 $132,110 $408,351
2016 $5,604 $529,865 $129,520 $400,345
2015 $4,570 $425,000 $130,000 $295,000
2014 $4,076 $380,000 $130,000 $250,000
Source: Public Records

Agents Affiliated with this Home

  • Spencer Moyer

    Seller's Agent in 2022

    Spencer Moyer

    Alive Commercial Real Estate

    (858) 922-4181

    1 in this area

    7 Total Sales

    Spencer Moyer
    Section Image

  • G

    Buyer's Agent in 2022

    General NONMEMBER

    NONMEMBER MRML

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22178084

California Regional Multiple Listing Service (CRMLS)

APN: 004-290-015-000

California Butte County Chico 95928 South Campus

1041 W 9th St, Chico, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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