NOT LISTED FOR SALE
8 Beds
8 Baths
2,856 Sq Ft
8,712 Sq Ft Lot

Last Sold September 14, 2022

Last sale price $865,000 $303 Per Sq Ft

13 Days on Market

Highlights

  • Fireplace in Kitchen
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Harry M. Marsh Junior High School Rated A-
  • Double Pane Windows
  • Laundry Room

About This Home

As of September 2022

Here is a hard to find apartment complex in Chico, made up of 8 Studio Apartments. Most of the units have been renovated over the recent years with new vinyl flooring, new light and plumbing fixtures, newer split unit heat and cool wall units, and newer exterior paint with fresh decorative shake siding. The roof is around 10 years old and is in good condition. The roof over laundry is only 2 years old. All windows were replaced with vinyl dual pane. Laundry on site. Great source of income and a great opportunity for an investor!

Last Agent to Sell the Property

MaryAnn Scott

Parkway Real Estate Co. License #00784476 Listed on: 07/29/2022

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • Paved or Partially Paved Lot

Home Design

  • Apartment
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,856 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Fireplace in Kitchen
  • Laundry Room

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • Parking Available
  • Paved Parking
  • Parking Lot

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 005174016000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Gardener Expense $2,400
  • Insurance Expense $2,200
  • Maintenance Expense $1,000
  • Trash Expense $1,500
  • Water Sewer Expense $3,300
  • New Taxes Expense $11,875
  • Operating Expense $25,275
  • Gross Income $78,300
  • Net Operating Income $51,459

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 3300.00
  • Zoning: R-2
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 005174016000
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl
  • Fireplace Features: Kitchen
  • Levels: Two
  • Price Per Square Foot: 302.87
  • Room Type: Laundry
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, Parking Space

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Average Studio Area: 357 Square Feet
  • Electric Expense: 3000.00
  • Gross Income: 78300.00
  • Gross Operating Income: 76734.00
  • Gross Scheduled Income: 78300.00
  • Insurance Expense: 2200.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 100.00
  • Lot Size Area: 8712.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 51459.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 25275.00
  • Rent Control: No
  • Total Expenses: 25275.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 11875.00
  • Tax Census Tract: 13.00
  • Tax Lot: 6

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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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 Prior Sale
09/14/2022 09/14/22 Sold $865,000 -8.9% $303 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $950,000 +107.0% $333 / Sq Ft
12/02/2013 12/02/13 Sold $459,000 0.0% $161 / Sq Ft View Prior Sale
10/04/2013 10/04/13 Pending -- -- --
10/01/2013 10/01/13 For Sale $459,000 -- $161 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22166940

California Regional Multiple Listing Service (CRMLS)