NOT LISTED FOR SALE

1175 E 8th St Chico, CA 95928

East Streets Neighborhood
6 Beds
5 Baths
3,469 Sq Ft
0.26 Acres

Last Sold April 20, 2022

Last sale price $560,000 $161 Per Sq Ft

18 Days on Market

Highlights

  • 0.26 Acre Lot
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Parkview Elementary School Rated A-
  • Neighborhood Views
  • Ceiling Fan

About This Home

As of April 2022

Great rental history with this centrally located multi unit complex, just a short walk or bike ride from downtown and lower Bidwell park. The property consists of two structures with a total of Five (5) units. The front house has units one through three(3); which consists of one 2 bedroom, 1 bath and two 1 bedroom, 1 bath units. The back house, consists of two(2) units; both units are 1 bedroom and 1 bath. The owners put a new roof on the front house in 2019 and put down a fresh layer of rock to enhance the driveway to the back units and the parking for the front house tenants. This is a great opportunity to own a low vacancy complex with a happy tenant base.

Last Agent to Sell the Property

John Barroso

Parkway Real Estate Co. License #01434090 Listed on: 02/08/2022

Last Buyer's Agent

Angela Garey

Parkway Real Estate Co. License #01520611

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls

Home Design

  • Split Level Home
  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,469 Sq Ft Home
  • Ceiling Fan
  • Carpet
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • Parking Available
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Legal Lot and Block 3 / 10
  • Assessor Parcel Number 004331002000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $1,707
  • Pest Control $600
  • Professional Management Expense $4,488
  • Supplies Expense $264
  • Trash Expense $1,280
  • Water Sewer Expense $614
  • Operating Expense $19,115
  • Gross Income $46,200
  • Net Operating Income $27,085

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Professional Management Expense: 4488.00
  • Property Attached: Yes
  • Supplies Expense: 264.00
  • View: Yes
  • Water Sewer Expenses: 614.00
  • Zoning: AR
  • Property Type: Residential Income
  • Parcel Number: 004331002000
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Multi/Split
  • Price Per Square Foot: 161.43

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Gravel, Off Street

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Heating Type: Wall Furnace
  • Pest Control Expense: 600.00
  • Sewer: Conventional Septic
  • Trash Expense: 1280.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

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

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Gross Income: 46200.00
  • Gross Scheduled Income: 46200.00
  • Lot Size Area: 11326.0000 Square Feet
  • Maintenance Expense: 1707.00
  • Net Operating Income: 27085.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 19115.00
  • Rent Control: No
  • Total Actual Rent: 3850.00
  • Total Expenses: 19115.00

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 10.00
  • Tax Lot: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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 List to Sale Price per Sq Ft
04/20/2022 04/20/22 Sold $560,000 -3.3% $161 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $579,000 -- $167 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Barroso

    Seller's Agent in 2022

    John Barroso

    Parkway Real Estate Co.

    (530) 570-8489

    13 in this area

    282 Total Sales

    John Barroso
    Section Image
  • Angela Garey

    Buyer's Agent in 2022

    Angela Garey

    Parkway Real Estate Co.

    (530) 774-4150

    2 in this area

    68 Total Sales

    Angela Garey
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22025329

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95928 East Streets

1175 E 8th St, Chico, CA

Not Listed for Sale

MultiFamily

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