NOT LISTED FOR SALE

1140 Arcadian Ave Chico, CA 95926

Chico Vecino Neighborhood
3 Beds
1 Bath
4,469 Sq Ft
0.27 Acres

Last Sold February 27, 2015

Last sale price $503,000 $113 Per Sq Ft

11 Days on Market

About This Home

As of February 2015

Excellent investment property with a conforming, fit to the neighborhood, single family home facing Arcadian and a very functional 4-plex 2 story apartment building nicely positioned "in the ally" with off street parking. All the elements go together to make this a highly performing multi-family income opportunity. The primary home has craftsman style elements, good bones and upward potential. The 1970's built apartments all have fireplaces along with 2 bedrooms and 1 bath arrangements: 2 units on the upper level and 2 units on the ground level. HVAC and recent updates along with conscientious long term management make this a turn key and GO investment. Located within easy walking distance to downtown and the Chico State campus, very close to Chico High, this West Avenues location is right where you want your equity.

Last Agent to Sell the Property

Ken Dickson

Keller Williams Realty Chico Area License #00966700 Listed on: 01/12/2015

Keller Williams Realty Chico Area

Last Buyer's Agent

Sarah Nielsen

Independent Realty Group License #01459113

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 0.27 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Level Lot

Home Design

  • 4,469 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Parking

  • 5 Parking Spaces
  • Parking Available
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 003092016000

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $9
  • Insurance Expense $9
  • Maintenance Expense $9
  • Professional Management Expense $9
  • Trash Expense $9
  • Water Sewer Expense $9
  • New Taxes Expense $5,375
  • Gross Income $3,600
  • Net Operating Income $28,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 9.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 9.00
  • Property Type: Residential Income
  • Parcel Number: 003092016000
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 112.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Off Street, On Site
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 9.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 11761.00
  • Lot Size Acres: 0.2700

Multi Family

  • Electric Expense: 9.00
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 9.00
  • Lot Size Area: 11761.0000 Square Feet
  • Maintenance Expense: 9.00
  • Net Operating Income: 28080.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 5
  • Operating Expense: 12960.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Vacancy Allowance: 2160
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 5375.00
  • Tax Year: 2014

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
02/27/2015 02/27/15 Sold $503,000 +17.0% $113 / Sq Ft
01/23/2015 01/23/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $430,000 -- $96 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Ken Dickson

    Keller Williams Realty Chico Area

    (925) 451-3177

    1 in this area

    35 Total Sales

    Section Image

  • S

    Buyer's Agent in 2015

    Sarah Nielsen

    Independent Realty Group

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH15007285

California Regional Multiple Listing Service (CRMLS)

APN: 003-092-016

California Butte County Chico 95926 Chico Vecino

1140 Arcadian Ave, Chico, CA

This home is located at 1140 Arcadian Ave, Chico, CA 95926 since 12 January 2015. This property was built in 1916. 1140 Arcadian Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High 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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