$1,100,000
SOLD MAR 25, 2022

1125 Locust St Gridley, CA 95948

20 Beds
-- Bath
8,820 Sq Ft
1.8 Acres

Recently Sold

$125 Per Sq Ft

15% Below List Price

101 Days on Market

Highlights

  • View of Trees or Woods
  • 1.8 Acre Lot
  • Fireplace in Bathroom
  • Gridley High School Rated A-
  • Craftsman Architecture
  • Wood Flooring

About This Home

As of March 2022

This property features 12 homes all with - and/or - carports/storage/garage units, 2 single-family homes are on individual APN(s) has a very deep lot possible space to expand. 6 single-family homes on 1 APN, and the last APN features 1 single-family home and a 4 plex. Consistent rent. This is a great opportunity for any investor.

Last Agent to Sell the Property

Chelle Callo

DoorTru License #01830018 Listed on: 10/28/2021

Last Buyer's Agent

Chelle Callo

DoorTru License #01830018 Listed on: 10/28/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 1.8 Acre Lot
  • 1 Common Wall
  • Corner Lot
  • Lawn
  • Back and Front Yard
  • Density is 11-15 Units/Acre

Parking

  • 12 Car Garage
  • 12 Open Parking Spaces
  • 12 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available

Home Design

  • Craftsman Architecture
  • Cottage
  • Bungalow
  • Property Attached
  • Composition Roof

Interior Spaces

  • 8,820 Sq Ft Home
  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room
  • Workshop
  • Storage
  • Views of Woods

Kitchen

  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 20 Bedrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry in Carport

Accessible Home Design

  • Accessibility Features
  • Ramp on the main level

Outdoor Features

  • Fireplace in Patio
  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Conventional Septic

Listing and Financial Details

  • Legal Lot and Block 69 / 69
  • Assessor Parcel Number 010360012000

Community Details

Overview

  • 12 Buildings
  • 12 Units

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • Insurance Expense $4,359
  • New Taxes Expense $6,370
  • Operating Expense $27,450
  • Gross Income $91,500
  • Net Operating Income $64,050

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

12

Listing Details

  • Other Phone Description: CHELLE CALLO
  • Other Phone Number: 916-479-2345
  • Price Per Unit: 108167
  • Property Attached: Yes
  • View: Yes
  • Zoning: CITY
  • Architectural Style: Bungalow, Cottage, Craftsman
  • Property Type: Residential Income
  • Parcel Number: 010360012000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Storage
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Accessibility Features: Disability Features, Ramp - Main Level, See Remarks
  • Appliances: Yes
  • Fireplace Features: Bath, Family Room, Kitchen, Patio
  • Price Per Square Foot: 124.72
  • Room Type: Kitchen, Laundry, Living Room, Workshop

Exterior Features

  • Other Structures: Storage
  • View: Trees/Woods
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 12.00
  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Carport, Attached Carport, Detached Carport
  • Total Parking Spaces: 36.00
  • Uncovered Spaces: 12.00

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Carport, Individual Room, Inside
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Dog Park, Park

Lot Info

  • Additional Parcels: No
  • Lot Features: 11-15 Units/Acre, Back Yard, Corner Lot, Front Yard, Lawn
  • Lot Size Sq Ft: 78409.00
  • Lot Size Acres: 1.8000

Multi Family

  • Gross Income: 91500.00
  • Gross Scheduled Income: 91500.00
  • Insurance Expense: 4359.00
  • Lot Size Area: 78409.0000 Square Feet
  • Net Operating Income: 64050.00
  • Number Of Units Total: 12
  • Operating Expense: 27450.00
  • Rent Control: No
  • Total Expenses: 27450.00

Tax Info

  • New Taxes Expense: 6369.90
  • Tax Block: 69
  • Tax Census Tract: 35.02
  • Tax Lot: 69

Range of Values:

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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 Change Sq Ft Price
03/25/2022 03/25/22 Sold $1,050,000 -4.5% $129 / Sq Ft
03/25/2022 03/25/22 Sold $1,100,000 -15.3% $125 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
02/07/2022 02/07/22 Pending -- -- --
01/16/2022 01/16/22 For Sale $1,298,000 0.0% $159 / Sq Ft
10/28/2021 10/28/21 For Sale $1,298,000 -- $147 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chelle Callo

    Seller's Agent in 2022

    Chelle Callo

    DoorTru

    (530) 764-5575

    7 in this area

    138 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21231805

California Regional Multiple Listing Service (CRMLS)

California Butte County Gridley 95948

1125 Locust St, Gridley, CA

This home is located at 1125 Locust St, Gridley, CA 95948 and is currently priced at $1,100,000, approximately $124 per square foot. This property was built in 1952. 1125 Locust St is a home located in Butte County with nearby schools including McKinley Elementary School, Wilson Elementary School, and Sycamore Middle School.

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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