Seller's Agent in 2022
Steven Depa
RE/MAX
(530) 520-8672
22 in this area
138 Total Sales
1252 Warner St Chico, CA 95926
Chico Vecino Neighborhood
--
Bed
10
Baths
3,983
Sq Ft
9,583
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Chico Junior High School Rated A-
- Laundry Room
About This Home
As of February 2022What’s better than predictable cash flow in a fast-growing town? Don’t hesitate to act on this solid income-producing asset. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-paid PGE bill keeps expenses minimal and predictable. Just blocks away from Enloe hospital, Chico State, restaurants, and shopping. The scarcity of affordable studios, and sharply increasing demand makes this property a trophy asset that cannot be replicated. The strong Chico rental market has 2 colleges, the biggest hospital north of Sacramento, and a budding tech and startup scene. Chico is a hidden gem of California and is an ultra-attractive destination for young professionals and families moving outside of cities, seniors looking for a glorious retirement location, as well as students looking for an unparalleled college experience. Do not miss the opportunity to get in on a cash-flowing asset of this caliber, with management already in place will only make this a turnkey property that will pay dividends for years and years.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 9,583 Sq Ft Lot
- Two or More Common Walls
- No Landscaping
Home Design
- 3,983 Sq Ft Home
- Property Attached
Additional Features
- 10 Bathrooms
- Laundry Room
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Legal Lot and Block 17 / 6
- Assessor Parcel Number 003051028000
Community Details
Building Details
- 10 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,103
- Gardener Expense $960
- Insurance Expense $2,400
- Maintenance Expense $7,886
- Professional Management Expense $7,911
- Trash Expense $1,843
- Water Sewer Expense $3,690
- New Taxes Expense $12,765
- Operating Expense $39,559
- Gross Income $9,419
- Net Operating Income $73,469
Additional Features
- 10 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2022 02/25/22 | Sold | $1,175,000 | +2.2% | $295 / Sq Ft |
| 02/07/2022 02/07/22 | Pending | -- | -- | -- |
| 02/02/2022 02/02/22 | For Sale | $1,150,000 | +53.3% | $289 / Sq Ft |
| 01/26/2018 01/26/18 | Sold | $750,000 | -3.2% | $188 / Sq Ft |
| 10/24/2017 10/24/17 | Pending | -- | -- | -- |
| 08/22/2017 08/22/17 | For Sale | $775,000 | -- | $195 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Steven Depa
-
John Barroso
Buyer's Agent in 2022
John Barroso
Parkway Real Estate Co.
(530) 570-8489
35 in this area
285 Total Sales
-
F
Seller's Agent in 2018
Frank Ross
Century 21 Select Real Estate, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN22020165
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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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