$550,000

Estimated payment $3,614/month

Total Views 45
4 Beds
2 Baths
3,232 Sq Ft
$170 Price per Sq Ft

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property
  • Chico Junior High School Rated A-
  • Bike Trail

About This Home

Discover an exceptional opportunity with this newly listed, multi-family property, perfect for discerning investors or anyone looking to dive into the world of rental properties. Comprising both a single-family home (4 bedrooms) and duplex (4 bedrooms) each side making it a prime candidate for generating substantial rental income. Unit C has been recently remodeled to include modern finishes. Located strategically near Chico State University and the lively downtown Chico area, this property offers residents quick access to educational facilities and a vibrant city life. Ideal for those looking to expand their real estate portfolio or for stepping confidently into the rental property scene, this multifamily dwelling is a financially sound, strategic investment. Be part of Chico’s thriving community and set the stage for a prosperous and rewarding investment future.

Listing Agent

Ashley Higginson

Parkway Real Estate Co. Brokerage Phone: 5308649349 License #01434581

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 9,583 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex

Interior Spaces

  • 3,232 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Driveway Level

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 18 / 6
  • Assessor Parcel Number 003051022000
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $23,371
  • Gross Income $47,468
  • Net Operating Income $24,097

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 183333
  • Property Attached: Yes
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 003051022000
  • Year Built: 1980
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 170.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway Level
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Multi Family

  • Gross Income: 47467.50
  • Gross Scheduled Income: 47467.50
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 24096.85
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 23370.60
  • Rent Control: No
  • Total Actual Rent: 3190.00
  • Total Expenses: 23370.65

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 6.03
  • Tax Lot: 18

Map

Range of Values:

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Average Value
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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
05/20/2025 05/20/25 For Sale $550,000 -- $170 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25105345

California Regional Multiple Listing Service (CRMLS)