NOT LISTED FOR SALE

1372 Vallombrosa Ave Chico, CA 95926

5 Beds
4 Baths
2,625 Sq Ft
0.95 Acres

Last Sold December 08, 2023

Last sale price $840,000 $320 Per Sq Ft

123 Days on Market

Highlights

  • Property is near park
  • Wood Flooring
  • No HOA
  • Sierra View Elementary School Rated A
  • Private Yard
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2023

Bidwell Park at your door step! Great investment opportunity featuring three buildings with a total of four units. The front unit is so adorable! This unit features two bedrooms and one bathroom with an attached garage. Inside you will find hardwood flooring, a cute and spacious kitchen, lots of light and bright windows and a washer and dryer. This unit also features a private fenced yard. The back unit is a one bedroom one bathroom and also has a garage, washer and dryer and a private fenced yard. The other building is a duplex, each unit having one bedroom and one bathroom. All units are currently rented and two of the buildings have a brand new roof. Beautiful location with park views just across the street. The seller has done a lot of leg work to maximize the potential of this unduplicatable parcel by the park. Preliminary drawings, by North Star Engineering are provided to give some ideas to maximize the best use of the property. The 4 units can generate income while you develop the rest of the property.

Last Agent to Sell the Property

John Barroso

Parkway Real Estate Co. License #01434090 Listed on: 07/11/2023

Last Buyer's Agent

Ralph Norton

Rodeo Realty License #01005061

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 0.95 Acre Lot
  • 1 Common Wall
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,625 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Property is near park

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 5
  • Assessor Parcel Number 045312035000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $2,400
  • Maintenance Expense $414
  • Supplies Expense $300
  • Trash Expense $1,368
  • Water Sewer Expense $1,080
  • New Taxes Expense $10,518
  • Operating Expense $18,480
  • Gross Income $60,324
  • Net Operating Income $40,034

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Supplies Expense: 300.00
  • Water Sewer Expenses: 1080.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 045312035000
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 320.00
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Trash Expense: 1368.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Park Nearby, Yard
  • Lot Size Sq Ft: 41411.00
  • Lot Size Acres: 0.9507

Rental Info

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

Multi Family

  • Gross Income: 60324.00
  • Gross Operating Income: 58514.00
  • Gross Scheduled Income: 60324.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 41411.0000 Square Feet
  • Maintenance Expense: 414.00
  • Net Operating Income: 40034.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 18480.00
  • Rent Control: No
  • Total Expenses: 18480.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10518.00
  • Tax Census Tract: 8.00
  • Tax Lot: 5
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Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $840,000 -6.6% $320 / Sq Ft
11/12/2023 11/12/23 Pending -- -- --
09/05/2023 09/05/23 Price Changed $899,000 -3.9% $342 / Sq Ft
07/11/2023 07/11/23 For Sale $935,000 +11.3% $356 / Sq Ft
07/06/2023 07/06/23 Off Market $840,000 -- --
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
2023 $6,844 $612,000 $255,000 $357,000
2022 $6,731 $130,951 $64,445 $66,506
2021 $1,467 $128,384 $63,182 $65,202
2020 $1,463 $127,069 $62,535 $64,534
2019 $1,437 $124,578 $61,309 $63,269
2018 $1,411 $122,136 $60,107 $62,029
2017 $1,380 $119,742 $58,929 $60,813
2016 $1,262 $117,395 $57,774 $59,621
2015 $1,262 $115,633 $56,907 $58,726
2014 $1,232 $113,369 $55,793 $57,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23109783

California Regional Multiple Listing Service (CRMLS)