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

Sale Details

Date Sold: May 1, 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
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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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2020
Closed on
Apr 17, 2020
Sold by
Bought by
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Brandi Laffins
Re/Max of Chico
List Price
$595,000
Sold Price
$520,000
Premium/Discount to List
-$75,000
-12.61%

Purchase Details

Closed on
Aug 24, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$520,000 Mid Valley Title & Escrow Co
$375,000 Mid Valley Title & Escrow
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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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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