Estimated payment $5,499/month
Highlights
- Open Floorplan
- Contemporary Architecture
- Quartz Countertops
- Chico Junior High School Rated A-
- High Ceiling
- No HOA
About This Home
Income-Producing 4-Unit Property Near CSU Chico
Located in a prime, centrally situated neighborhood just minutes from CSU Chico, this fully leased, income-generating property offers a fantastic investment opportunity. The property consists of four well-maintained units, plus billboard income, including:
Two Identical 2-Bedroom, 1-Bath Units: Built in 2022, these spacious, modern units feature open-concept living areas, sleek finishes, and contemporary design elements. Perfect for tenants seeking comfort and convenience, each unit offers two bedrooms, one bathroom, dishwasher, stacked laundry, covered front/rear patios and plenty of storage space.
The Duplex, with Mirrored Studio Floor Plans: Full gut and remodeled in 2022. This charming duplex offers two studio units with identical layouts, each designed for efficiency and style. Ideal for students, professionals, or short-term rentals, these units feature modern amenities and easy-to-maintain living spaces.
Billboard Lease Income: An additional source of revenue is provided by the on-site billboard lease, adding even more potential for passive income.
With its desirable location near CSU Chico, shopping, and grocery stores, this property offers both a steady cash flow and long-term investment potential. Built in 2022 with modern highlights throughout, including stainless steel appliances, quartz countertops, and energy-efficient systems, this property is as stunning as it is functional. Don't miss out on this rare opportunity to own a versatile, high-demand rental property in a thriving area!
Key Features:
4 units: 2 x 2-bed, 1-bath and 2 x mirrored studio floor plans.
Billboard lease for additional income.
Centrally located near CSU Chico, shopping, and dining.
High rental demand area with solid cash flow potential.
Perfect for investors or those seeking a property with multiple income streams.
Listing Agent
Parkway Real Estate Co. Brokerage Phone: 530-228-9203 License #01904078 Listed on: 11/22/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2022
Lot Details
- 9,148 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Back Yard
Home Design
- Contemporary Architecture
- Modern Architecture
- Quadruplex
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Fire Rated Drywall
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 2,598 Sq Ft Home
- 1-Story Property
- Open Floorplan
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Living Room
- Vinyl Flooring
- Neighborhood Views
- Laundry Room
Kitchen
- Gas Range
- Microwave
- Ice Maker
- Water Line To Refrigerator
- Dishwasher
- Quartz Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Parking Available
- Private Parking
- Gravel Driveway
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Urban Location
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Connected
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 043290137000
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $1,953
- Trash Expense $852
- Water Sewer Expense $1,175
- New Taxes Expense $9,559
- Operating Expense $14,439
- Gross Income $69,560
- Net Operating Income $53,034
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | Price Changed | $869,000 | -2.2% | $334 / Sq Ft |
| 02/25/2025 02/25/25 | Price Changed | $889,000 | -1.1% | $342 / Sq Ft |
| 11/22/2024 11/22/24 | For Sale | $899,000 | +239.2% | $346 / Sq Ft |
| 01/25/2022 01/25/22 | Sold | $265,000 | +3.9% | $265,000 / Sq Ft |
| 01/04/2022 01/04/22 | Pending | -- | -- | -- |
| 12/28/2021 12/28/21 | For Sale | $255,000 | +4.3% | $255,000 / Sq Ft |
| 07/29/2019 07/29/19 | Sold | $244,500 | -0.2% | $236 / Sq Ft |
| 07/12/2019 07/12/19 | Pending | -- | -- | -- |
| 07/08/2019 07/08/19 | For Sale | $245,000 | -- | $236 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24237085
APN: 043-290-137
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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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