NOT LISTED FOR SALE
6 Beds
6 Baths
14,518 Sq Ft
17,860 Sq Ft

Last Sold October 20, 2022

Last sale price $2,950,000 $203 Per Sq Ft

95 Days on Market

Highlights

  • Gated Parking
  • Gated Community
  • Courtyard Views
  • Chico Junior High School Rated A-
  • 0.41 Acre Lot
  • Laundry Room

About This Home

As of October 2022

William Tell Apartments, a 17 unit courtyard style multifamily community located in the heart of Chico. The William Tell is located just blocks from one of the largest employers in Chico, Enloe Medical Center. It’s conveniently located within walking distance to downtown Chico as well as Chico State University. William Tell is a courtyard style apartment building. This means residents benefit from the privacy and security of a double entry system. Each unit has a private covered and gated parking space with additional outdoor storage. This apartments offer a mix of unit types including three bedroom units, two bedroom units, on bedrooms, and a remodeled studio apartment. The new owner of William Tell will enjoy significant upside and forced appreciation as rents are currently below market and have much room to rise. Do not delay, properties that this don’t come available very often. Please contact selling agent for financials and offering memorandum.

Last Agent to Sell the Property

Brent Silberbauer

eXp Realty of California, Inc. License #02019819 Listed on: 04/29/2022

eXp Realty of California, Inc.

Last Buyer's Agent

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NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Apartment
  • Turnkey

Interior Spaces

  • 14,518 Sq Ft Home
  • 2-Story Property
  • Courtyard Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 17 Car Garage
  • 17 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Gated Parking
  • Parking Lot

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 3 / 69
  • Assessor Parcel Number 003064005000

Community Details

Building Details

  • 17 Leased Units
  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • Electric Expense $7,800
  • Gardener Expense $2,280
  • Insurance Expense $8,586
  • Maintenance Expense $6,500
  • Other Expense $34,946
  • Pest Control $1,140
  • Professional Management Expense $14,015
  • Trash Expense $2,280
  • Water Sewer Expense $8,400
  • Operating Expense $89,674
  • Gross Income $231,008
  • Net Operating Income $141,334

Additional Features

  • 17 Units
  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.41 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 4.42
  • Professional Management Expense: 14015.00
  • Property Attached: Yes
  • Security: Gated Community
  • View: Yes
  • Water Sewer Expenses: 8400.00
  • Zoning: RP
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2280.00
  • Parcel Number: 003064005000
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 203.20

Exterior Features

  • View: Courtyard
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 17.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Carport, Covered, Gated, Parking Space
  • Total Parking Spaces: 17.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Pest Control Expense: 1140.00
  • Sewer: Public Sewer
  • Trash Expense: 2280.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 17860.00
  • Lot Size Acres: 0.4100

Multi Family

  • Average1 Bed Area: 585 Square Feet
  • Average2 Bed Area: 832 Square Feet
  • Average3 Bed Area: 1040 Square Feet
  • Average Studio Area: 585 Square Feet
  • Electric Expense: 7800.00
  • Gross Income: 231008.00
  • Gross Scheduled Income: 233580.00
  • Insurance Expense: 8586.00
  • Laundry Income: 2100.00
  • Lot Size Area: 17860.0000 Square Feet
  • Maintenance Expense: 6500.00
  • Net Operating Income: 141334.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Units Leased: 17
  • Number Of Units Total: 17
  • Operating Expense: 89674.00
  • Other Expense: 34946.00
  • Other Expense Description: prop tax
  • Rent Control: Yes
  • Total Actual Rent: 228780.00
  • Total Expenses: 89674.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: 69
  • Tax Census Tract: 6.03
  • Tax Lot: 3
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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
10/20/2022 10/20/22 Sold $2,950,000 -1.7% $203 / Sq Ft
10/19/2022 10/19/22 Price Changed $3,000,000 0.0% $207 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
07/22/2022 07/22/22 Price Changed $3,000,000 -6.3% $207 / Sq Ft
07/09/2022 07/09/22 For Sale $3,200,000 0.0% $220 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $3,200,000 -- $220 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $33,549 $2,500,000 $500,000 $2,000,000
2024 $33,549 $3,026,340 $510,000 $2,516,340
2023 $33,156 $2,975,000 $500,000 $2,475,000
2022 $27,793 $2,483,420 $412,226 $2,071,194
2021 $27,271 $2,434,884 $404,144 $2,030,740
2020 $17,276 $1,528,788 $509,111 $1,019,677
2019 $16,964 $1,498,891 $499,129 $999,762
2018 $16,655 $1,469,581 $489,343 $980,238
2017 $16,308 $1,440,096 $479,906 $960,190
2016 $14,885 $1,411,939 $470,497 $941,442
2015 $14,890 $1,391,125 $463,920 $927,205
2014 $14,532 $1,363,954 $454,833 $909,121
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22088263

California Regional Multiple Listing Service (CRMLS)
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