$533,500
SOLD JUN 15, 2020
7 Beds
4 Baths
2,220 Sq Ft
0.26 Acres

Recently Sold

$240 Per Sq Ft

8% Below List Price

236 Days on Market

Highlights

  • Senior Community
  • Laundry Room
  • Front Yard
  • 0.26 Acre Lot
  • Central Heating
  • 1-Story Property

About This Home

As of June 2025

All units are completely upgraded! Work just finished on the front house (1131) which is a 5 bedroom, 2 bath. Upgrades include waterproof flooring, new bathrooms, new fixtures and electrical and more. Prior to the remodel, 1131 was previously leased at $2880/month, estimated market rent is now over $2950/month. The rear unit (1133) is a 2 bedroom 2 bath, completely upgraded as well. It is leased until 2020 for $1440/mo. Units have indoor laundry. Per meetings with the City of Chico planning department it appears zoning (R3) and setbacks allow for building an additional detached unit in the rear making this a 3 unit property. This information is not guaranteed, and buyer shall investigate all building and development opportunities to their satisfaction. Full financials are attached.

Last Agent to Sell the Property

Ryan Vaught

Ryno Company License #01444141 Listed on: 09/26/2019

Last Buyer's Agent

Bjorn Berg

Strock Real Estate License #02019108

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 0.26 Acre Lot
  • No Common Walls
  • Front Yard

Interior Spaces

  • 2,220 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Gravel Driveway
  • Unpaved Parking

Additional Features

  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 004205002000
  • Tax Block 121

Community Details

Overview

  • Senior Community
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,860
  • Insurance Expense $1,500
  • Maintenance Expense $1,500
  • Pest Control $780
  • Professional Management Expense $4,152
  • Water Sewer Expense $1,620
  • New Taxes Expense $5,790
  • Operating Expense $18,702
  • Gross Income $4,325
  • Net Operating Income $30,603

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Professional Management Expense: 4152.00
  • Property Attached: No
  • Water Sewer Expenses: 1620.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1860.00
  • Parcel Number: 004205002000
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 240.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Gravel, Unpaved

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Pest Control Expense: 780.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: Yes
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 4325.00
  • Gross Scheduled Income: 51900.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 11326.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 30603.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 18702.00
  • Rent Control: Yes
  • Total Expenses: 18702.00

Tax Info

  • New Taxes Expense: 5790.00
  • Tax Block: 121
  • Tax Census Tract: 11.00

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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
07/07/2025 07/07/25 Price Changed $2,950 -0.8% $2 / Sq Ft
06/10/2025 06/10/25 For Rent $2,975 0.0% --
06/09/2025 06/09/25 Sold $602,500 -5.7% $274 / Sq Ft
05/10/2025 05/10/25 Pending -- -- --
04/30/2025 04/30/25 For Sale $639,000 +19.8% $290 / Sq Ft
06/15/2020 06/15/20 Sold $533,500 -2.8% $240 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
11/25/2019 11/25/19 Price Changed $549,000 -5.2% $247 / Sq Ft
09/26/2019 09/26/19 For Sale $579,000 +48.5% $261 / Sq Ft
11/21/2014 11/21/14 Sold $390,000 -2.3% $113 / Sq Ft
11/07/2014 11/07/14 Pending -- -- --
10/02/2014 10/02/14 For Sale $399,000 -- $115 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19229199

California Regional Multiple Listing Service (CRMLS)