NOT LISTED FOR SALE

1443 W 7th St Chico, CA 95928

6 Beds
6 Baths
2,234 Sq Ft
6,970 Sq Ft Lot

Last Sold September 11, 2019

Last sale price $395,000 $177 Per Sq Ft

7 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Carpet
  • 1-Story Property
  • Chico Junior High School Rated A-
  • Wall Furnace

About This Home

As of September 2019

Lovely six unit investment property or live in one unit and rent out the others. The property consists of 4 1-bedroom units and 2 studios between 4 structures with a tremendous rental history. There is also a centrally located structure that used to be showers and a toilet. In need of some repairs this is an "As-Is" sale, inspections are on file. Proforma cap rate is 8.57% and is currently producing income. Property has mature landscaping, 7 electrical meters, and is on city water. Perfect college rental with many students still looking for housing for the 2019-2020 school year.

Last Agent to Sell the Property

Candace Andel

Century 21 Select Real Estate, Inc. License #02040053 Listed on: 08/19/2019

Century 21 Select Real Estate, Inc.

Co-Listed By

Teresa Larson

Parkway Real Estate Co.

Last Buyer's Agent

Kristen Keller

Keller Williams Realty Chico Area License #01952832

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,234 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Range
  • Freezer

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Utilities

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

Listing and Financial Details

  • Tax Lot 21-23
  • Assessor Parcel Number 004500028000

Community Details

Overview

  • 4 Buildings
  • 6 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $194
  • Gardener Expense $1,451
  • Insurance Expense $1,934
  • Professional Management Expense $410
  • Trash Expense $954
  • Water Sewer Expense $913
  • New Taxes Expense $3,870
  • Operating Expense $17,728
  • Gross Income $45,360
  • Net Operating Income $27,632

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • CapRate: 8.57
  • Professional Management Expense: 410.00
  • Property Attached: Yes
  • Water Sewer Expenses: 913.00
  • Zoning: R2
  • Property Type: Residential Income
  • Gardener Expense: 1451.00
  • Parcel Number: 004500028000
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 176.81

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Utilities: Electricity Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Freezer, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Sewer: Conventional Septic
  • Trash Expense: 954.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 194.00
  • Gross Income: 45360.00
  • Gross Scheduled Income: 45360.00
  • Insurance Expense: 1934.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 27632.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 6
  • Operating Expense: 17728.00
  • Rent Control: Yes
  • Total Expenses: 17728.00

Tax Info

  • New Taxes Expense: 3870.00
  • Tax Census Tract: 11.00
  • Tax Lot: 21-23

Range of Values:

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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 Change Sq Ft Price
09/11/2019 09/11/19 Sold $395,000 +22.5% $177 / Sq Ft
08/26/2019 08/26/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $322,500 -- $144 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Candace Andel

    Century 21 Select Real Estate, Inc.

    Section Image
  • Teresa Larson

    Seller Co-Listing Agent in 2019

    Teresa Larson

    Parkway Real Estate Co.

    (530) 899-5925

    130 Total Sales

    Teresa Larson
    Section Image

  • K

    Buyer's Agent in 2019

    Kristen Keller

    Keller Williams Realty Chico Area

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19198728

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95928

1443 W 7th St, Chico, CA

This home is located at 1443 W 7th St, Chico, CA 95928 since 19 August 2019. This property was built in 1940. 1443 W 7th St is a home located in Butte County with nearby schools including Emma Wilson Elementary School, Chico Junior High School, and Chico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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