NOT LISTED FOR SALE

1160 Palm Ave Chico, CA 95926

Chico Vecino Neighborhood
5 Beds
4 Baths
2,900 Sq Ft
0.25 Acres

Last Sold September 25, 2020

Last sale price $585,000 $202 Per Sq Ft

68 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property
  • Chico Junior High School Rated A-
  • Rectangular Lot

About This Home

As of September 2020

Tucked in the avenues, walking distance to Bidwell Park, cafes and restaurants, you will find this unique residential income property that features two homes on one lot and each home has its own 2-car garage. At the front of the property is a classic tudor revival home that has been converted to a duplex configured as follows: a 2 bedroom 1 bath unit; and a 1 bedroom 1 bath unit with a large basement. At the rear of the property, accessed from a fully improved alley, is a 2009-built 2 bedroom 2 bath home with an over-sized 2 car garage. All 3 units are in good condition and have their own laundry facilities. Because of the location and attractiveness of the property, the units rarely turn over and are easily rented when they do. The property next store, 1148 Palm Ave, is also listed for sale.

Last Agent to Sell the Property

Mike McCrady

Michael McCrady, Broker License #01234296 Listed on: 04/21/2020

Last Buyer's Agent

Brian Littrell

CBCNorcal License #01350075

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 0.25 Acre Lot
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,900 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, sewer, water
  • Legal Lot and Block 1 / 10
  • Assessor Parcel Number 003111019000

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,320
  • Gardener Expense $1,800
  • Insurance Expense $1,800
  • Trash Expense $360
  • Water Sewer Expense $840
  • New Taxes Expense $5,750
  • Operating Expense $10,670
  • Gross Income $43,260
  • Net Operating Income $32,590

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 840.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 003111019000
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 201.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Electricity, Sewer, Water

Multi Family

  • Electric Expense: 1320.00
  • Gross Income: 43260.00
  • Gross Scheduled Income: 43260.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 32590.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 10670.00
  • Rent Control: Yes
  • Total Expenses: 10670.00

Tax Info

  • New Taxes Expense: 5750.00
  • Tax Block: 10
  • Tax Census Tract: 7.00
  • Tax Lot: 1

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
09/25/2020 09/25/20 Sold $585,000 -2.3% $202 / Sq Ft
06/28/2020 06/28/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $599,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mike McCrady

    Michael McCrady, Broker

    (530) 321-3726

    2 in this area

    29 Total Sales

    Mike McCrady
    Section Image
  • Brian Littrell

    Buyer's Agent in 2020

    Brian Littrell

    CBCNorcal

    (530) 514-9035

    3 in this area

    34 Total Sales

    Brian Littrell
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20076901

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95926 Chico Vecino

1160 Palm Ave, Chico, CA

This home is located at 1160 Palm Ave, Chico, CA 95926 since 21 April 2020. This property was built in 1935. 1160 Palm 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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