NOT LISTED FOR SALE
6 Beds
3 Baths
2,880 Sq Ft
7,841 Sq Ft Lot

Last Sold May 29, 2024

Last sale price $500,000 $174 Per Sq Ft

6 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Back and Front Yard
  • Chico Junior High School Rated A-

About This Home

As of May 2024

Discover the unique investment opportunity with this character-filled residential income property. Situated in a convenient location, this property features a quaint two-bedroom, one-bath house at the front, complete with a welcoming front porch. A laundry room flanks the dwellings— Just beyond the main house lies a two-story duplex; each unit offering spacious two bedrooms and one bathroom. The units are thoughtfully laid out, maximizing space and comfort. Accessed via the alley, this duplex provides privacy and exclusive off-street parking, enhancing tenant appeal. An ideal choice for investors seeking a property with reliable income potential and enduring appeal. Experience a blend of timeless character and practical living with this enticing investment.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 04/24/2024

Re/Max of Chico

Last Buyer's Agent

Jayme Foster

Re/Max of Chico License #02002903

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 005234017000

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $295
  • Insurance Expense $2,045
  • Trash Expense $1,102
  • Water Sewer Expense $1,208
  • New Taxes Expense $5,456
  • Operating Expense $10,106
  • Gross Income $2,445
  • Net Operating Income $19,229

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1208.00
  • Zoning: RD-1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 005234017000
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 173.61

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1102.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Electric Expense: 295.00
  • Gross Income: 2444.58
  • Gross Scheduled Income: 29335.00
  • Insurance Expense: 2045.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 19229.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10106.00
  • Rent Control: Yes
  • Total Expenses: 10106.00

Tax Info

  • New Taxes Expense: 5456.00
  • Tax Census Tract: 12.00
  • Tax Lot: 19
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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
05/29/2024 05/29/24 Sold $500,000 +3.1% $174 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $485,000 -- $168 / 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 $1,757 $510,000 $193,800 $316,200
2024 $1,757 $154,796 $43,149 $111,647
2023 $1,736 $151,761 $42,303 $109,458
2022 $1,709 $148,786 $41,474 $107,312
2021 $1,673 $145,869 $40,661 $105,208
2020 $1,672 $144,375 $40,245 $104,130
2019 $1,644 $141,545 $39,456 $102,089
2018 $1,613 $138,771 $38,683 $100,088
2017 $1,576 $136,051 $37,925 $98,126
2016 $1,443 $133,384 $37,182 $96,202
2015 $1,441 $131,381 $36,624 $94,757
2014 $1,412 $128,808 $35,907 $92,901
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24079849

California Regional Multiple Listing Service (CRMLS)
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