$659,000

Estimated payment $4,153/month

6 Beds
6 Baths
3,600 Sq Ft
$183 Price per Sq Ft

Highlights

  • 0.33 Acre Lot
  • Open Floorplan
  • Wooded Lot
  • Chico Junior High School Rated A-
  • Fireplace in Kitchen
  • No HOA

About This Home

Excellent Investment opportunity. Six-units, nearly identical, 1 bed, 1 bath, approximately 600 sq ft apartments. Two buildings. One with 4 units built in 1972 (new roof in May 2025) & 2nd building with 2 units built in 1990 (new roof in Oct 2021). Pest clearance. These well maintained units have wall heat, wall A/C, functional open floor plans and semi-private patios. Detached laundry room with lease washer & dryer (new roof in May 2025). 10 off-street parking spaces. Steady income & minimal vacancies over the past 20 years. Rents are below market. New fenced enclosure in the process of being built to accommodate the new requirements for trash, recycling, & food waste. Interior photos are from unit 3 and unit 6 during most recent turnovers in December and October of 2023.

Listing Agent

Darin Wilson

Darin Wilson, Broker Listed on: 10/02/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.33 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Sprinklers on Timer
  • Wooded Lot
  • Back Yard

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Living Room with Fireplace
  • Carpet
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Private Parking
  • Side by Side Parking
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting
  • Outbuilding

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 005281029000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $126
  • Gardener Expense $2,880
  • Insurance Expense $3,940
  • Trash Expense $2,222
  • Water Sewer Expense $2,569
  • Operating Expense $11,737
  • Gross Income $59,400
  • Net Operating Income $47,663

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2569.00
  • Architectural Style: Ranch
  • Property Condition: Repairs Cosmetic, Termite Clearance
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2880.00
  • Parcel Number: 005281029000
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Open Floorplan
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Kitchen, Living Room, Patio
  • Levels: One
  • Price Per Square Foot: 183.06
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Slab
  • Other Structures: Outbuilding
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, Off Street, Private, Side by Side
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Disposal, Refrigerator, Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2222.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level with Street, Rectangular Lot, Level, Sprinkler System, Sprinklers Timer, Treed Lot, Utilities - Overhead
  • Lot Size Sq Ft: 14374.80
  • Lot Size Acres: 0.3300
  • Latitude Manual: 39.71781200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 126.00
  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 3940.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 0.3300 Acres
  • Net Operating Income: 47663.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 2
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 11737.00
  • Rent Control: Yes
  • Total Actual Rent: 59400.00
  • Total Expenses: 11737.00

Map

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
10/02/2025 10/02/25 For Sale $659,000 -- $183 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25231068

California Regional Multiple Listing Service (CRMLS)