NOT LISTED FOR SALE

1237 Citrus Ave Chico, CA 95926

Chico Vecino Neighborhood
3 Beds
2 Baths
9,060 Sq Ft
0.43 Acres

Last Sold July 25, 2017

Last sale price $1,337,000 $148 Per Sq Ft

39 Days on Market

Highlights

  • 18,731 Sq Ft lot
  • Contemporary Architecture
  • Granite Countertops
  • Chico Junior High School Rated A-
  • Property is near public transit
  • Neighborhood Views

About This Home

As of July 2017

CLOSE TO SCHOOLS AND UNIVERSITY. RECENT REMODEL ALL 3 BEDROOM 2 BATH UNITS. 8 APARTMENT UNITS AND ONE HOUSE ON PROPERTY. EXCELLENT RENTAL HISTORY. GOOD CONDITION WITH UPGRADES.

Last Agent to Sell the Property

Jim Aguilar

Century 21 Select Real Estate, Inc. License #01862725 Listed on: 03/06/2017

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Robin Miller

Parkway Real Estate Co. License #01483965

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 0.43 Acre Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is 16-20 Units/Acre

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 9,060 Sq Ft Home
  • Ceiling Fan
  • Laminate Flooring
  • Neighborhood Views
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 003052008000

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Insurance Expense $1,526
  • Professional Management Expense $6,000
  • Trash Expense $1,332
  • Water Sewer Expense $4,800
  • New Taxes Expense $8,066
  • Operating Expense $15,730
  • Gross Income $117,900
  • Net Operating Income $70,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1983 | Remodeled

Lot Details

0

Listing Details

  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: R-2
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 003052008000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 147.57

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Natural Gas
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1332.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Lot 10000-19999 Sqft, Level, Near Public Transit, Paved
  • Lot Size Sq Ft: 18731.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1080.00
  • Gross Income: 117900.00
  • Gross Scheduled Income: 117900.00
  • Insurance Expense: 1526.00
  • Net Operating Income: 70740.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 47160.00
  • Operating Expense Percent: 40.00
  • Rent Control: No
  • Total Expenses: 15729.66

Tax Info

  • New Taxes Expense: 8066.10
  • Tax Census Tract: 6.03

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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List Price
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
07/25/2017 07/25/17 Sold $1,337,000 -10.0% $148 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $1,485,000 -- $164 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jim Aguilar

    Century 21 Select Real Estate, Inc.

    Section Image

  • R

    Buyer's Agent in 2017

    Robin Miller

    Parkway Real Estate Co.

    (530) 809-3700

    29 Total Sales

    Robin Miller
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH17047362

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

1237 Citrus Ave, Chico, CA

Not Listed for Sale

MultiFamily

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