NOT LISTED FOR SALE
-- Bed
6 Baths
2,256 Sq Ft
6,098 Sq Ft Lot

Last Sold May 01, 2020

Last sale price $520,000 $230 Per Sq Ft

47 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Wall Furnace
  • Chico Junior High School Rated A-

About This Home

As of May 2020

Superb studio six-plex! 6 well appointed studio units, individually metered, with wall heating/air. Building has recently undergone a multitude of renovations including updates to 4 of the 6 units, fresh paint & façade, and a new roof. Parking lot was recently resealed and offers ample off street parking. Located in quiet neighborhood, close to downtown, and the up-and-coming Barber & Brewery Districts. Easy walking & biking distance to pub, restaurants and bike trails. Their solid rental history would be an asset to any investment portfolio.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 02/26/2020

Re/Max of Chico

Last Buyer's Agent

Brandi Laffins

Re/Max of Chico License #01140900

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • 2,256 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bathrooms

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 9 / 1
  • Assessor Parcel Number 005264040000

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,392
  • Professional Management Expense $1,936
  • Trash Expense $1,625
  • Water Sewer Expense $2,858
  • New Taxes Expense $7,140
  • Operating Expense $14,951
  • Gross Income $3,830
  • Net Operating Income $31,009

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 1936.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2858.00
  • Zoning: C2
  • Property Type: Residential Income
  • Parcel Number: 005264040000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 230.50

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1625.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 3830.00
  • Gross Scheduled Income: 45960.00
  • Insurance Expense: 1392.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 31009.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 14951.00
  • Rent Control: Yes
  • Total Expenses: 14951.00

Tax Info

  • New Taxes Expense: 7140.00
  • Tax Block: 1
  • Tax Census Tract: 12.00
  • Tax Lot: 9
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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
05/01/2020 05/01/20 Sold $520,000 -8.0% $230 / Sq Ft
04/13/2020 04/13/20 Pending -- -- --
04/09/2020 04/09/20 Price Changed $565,000 -1.7% $250 / Sq Ft
04/03/2020 04/03/20 Price Changed $575,000 -3.4% $255 / Sq Ft
02/26/2020 02/26/20 For Sale $595,000 -- $264 / 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 $6,207 $568,504 $218,727 $349,777
2024 $6,207 $555,397 $214,439 $340,958
2023 $6,134 $546,508 $210,235 $336,273
2022 $6,038 $535,832 $206,113 $329,719
2021 $5,921 $525,366 $202,072 $323,294
2020 $4,359 $382,460 $153,000 $229,460
2019 $4,284 $375,000 $150,000 $225,000
2018 $2,070 $178,501 $53,545 $124,956
2017 $2,023 $175,002 $52,496 $122,506
2016 $1,851 $171,571 $51,467 $120,104
2015 $1,849 $168,994 $50,694 $118,300
2014 $1,811 $165,684 $49,701 $115,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20041946

California Regional Multiple Listing Service (CRMLS)
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