NOT LISTED FOR SALE

Estimated Value: $1,147,000 - $1,220,000

4 Beds
2 Baths
5,600 Sq Ft
$213/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2021

Last sale price $1,185,000 $212 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,605 / mo

47 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.28 Acre Lot
  • Fireplace in Bathroom
  • Chico Junior High School Rated A-
  • Open Floorplan
  • Property is near park and public transit

About This Home

As of May 2021

This premier student property consists of 4 recently upgraded luxury units located near CSU Chico and
downtown Chico, CA. These 4 bedroom 2 bath units feature granite counters, wood style plank flooring, and
laundry rooms with washer/dryers. Units have kitchens equipped with range, microwave, stove and
refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants,
shopping and convenience stores. Market rent for all units is $2,195. Private financing can be assumed for $465k at 5%. Property has been professionally managed by Locale Residential and they are willing to stay on for the buyer if desired.

Last Agent to Sell the Property

James Lowe

Ryno Company License #02114688 Listed on: 02/12/2021

Co-Listed By

Ryan Vaught

Ryno Company License #01444141

Last Buyer's Agent

James Lowe

Ryno Company License #02114688 Listed on: 02/12/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991 | Remodeled

Lot Details

  • 12,197 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Wooded Lot
  • Lawn
  • Density is 2-5 Units/Acre

Home Design

  • Traditional Architecture
  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 5,600 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Fireplace Features Blower Fan
  • Electric Fireplace
  • Gas Fireplace
  • Blinds
  • Window Screens
  • Living Room with Fireplace
  • Laminate Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • Parking Available
  • Private Parking
  • Driveway
  • On-Site Parking
  • Parking Lot

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors swing in
  • Doors are 32 inches wide or more

Outdoor Features

  • Exterior Lighting

Location

  • Property is near park and public transit
  • Urban Location

Utilities

  • Cooling System Powered By Gas
  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, water
  • Tax Lot 1
  • Assessor Parcel Number 004102006000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $3,600
  • Insurance Expense $2,100
  • Maintenance Expense $2,500
  • Other Expense $100
  • Pest Control $500
  • Professional Management Expense $7,997
  • Trash Expense $3,500
  • Water Sewer Expense $2,500
  • New Taxes Expense $12,500
  • Operating Expense $35,297
  • Gross Income $99,960
  • Net Operating Income $62,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1991 | Remodeled

Lot Details

0.28 Acres

Listing Details

  • CapRate: 4.97
  • Professional Management Expense: 7997.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Fire and Smoke Detection System, Fire Rated Drywall, Smoke Detector(s)
  • Water Sewer Expenses: 2500.00
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 004102006000
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan, Partially Furnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Accessibility Features: 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, Doors - Swing In
  • Appliances: Yes
  • Fireplace Features: Bath, Kitchen, Living Room, Electric, Gas, Blower Fan
  • Levels: Two
  • Price Per Square Foot: 211.61
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Slab
  • Fence: No
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Drywall Walls, Glass, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, On Site, Parking Space, Private

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Self Cleaning Oven, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Closet
  • Pest Control Expense: 500.00
  • Sewer: Public Sewer
  • Trash Expense: 3500.00
  • Water Source: Public
  • Cooling: Central Air, Electric, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Park, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Treed Lot, Walkstreet
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Water

Multi Family

  • Gross Income: 99960.00
  • Gross Multiplier: 12.25
  • Gross Operating Income: 99960.00
  • Gross Scheduled Income: 102000.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 12197.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 62163.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 37797.00
  • Other Expense: 100.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 8500.00
  • Total Expenses: 35297.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Census Tract: 11.00
  • Tax Lot: 1

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 12, 2021
Closed on
May 18, 2021
Sold by
Bought by
Seller's Agent
James Lowe
Ryno Company
Buyer's Agent
James Lowe
Ryno Company
List Price
$1,250,000
Sold Price
$1,185,000
Premium/Discount to List
-$65,000
-5.2%
Current Estimated Value
$1,193,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,631
Avg. Annual Appreciation
0.15%
Original Mortgage
$536,755
Interest Rate
0.031%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2019
Sold by
Bought by

Purchase Details

Closed on
May 13, 2019
Sold by
Bought by

Purchase Details

Listed on
Sep 14, 2017
Closed on
Dec 21, 2017
Sold by
Bought by
Seller's Agent
Effie Khaki
Century 21 Select Real Estate, Inc.
Buyer's Agent
Ciana Wallace
RE/MAX GOLD Sacramento
List Price
$847,750
Sold Price
$827,000
Premium/Discount to List
-$20,750
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$247,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 2003
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
$242,500
Interest Rate
0.0622%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,185,000 Mid Valley Title & Escrow Co
-- Mid Valley Title & Escrow Co
$347,000 Mid Valley Title & Escrow Co
$827,000 Mid Valley Title & Escrow Co
-- Mid Valley Title & Escrow Co
-- None Available
-- Bidwell Title & Escrow Co
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
Closed $536,755
Closed $247,000
Closed $495,000
Closed $215,185
Closed $242,500
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 Prior Sale
05/20/2021 05/20/21 Sold $1,185,000 -5.2% $212 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $1,250,000 +51.1% $223 / Sq Ft
01/04/2018 01/04/18 Sold $827,000 -2.4% $142 / Sq Ft View Prior Sale
10/03/2017 10/03/17 Pending -- -- --
09/14/2017 09/14/17 For Sale $847,750 -- $146 / 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 $13,893 $1,282,383 $227,310 $1,055,073
2024 $13,893 $1,253,709 $222,853 $1,030,856
2023 $13,730 $1,232,728 $218,484 $1,014,244
2022 $13,514 $1,208,628 $214,200 $994,428
2021 $9,541 $852,168 $231,877 $620,291
2020 $9,515 $843,468 $229,500 $613,968
2019 $9,529 $843,468 $229,500 $613,968
2018 $6,100 $538,665 $150,583 $388,082
2017 $5,969 $528,175 $147,631 $380,544
2016 $5,447 $517,890 $144,737 $373,153
2015 $5,448 $510,165 $142,563 $367,602
2014 $5,317 $500,243 $139,771 $360,472
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21027857

California Regional Multiple Listing Service (CRMLS)

APN: 004-102-006-000

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