NOT LISTED FOR SALE

1501 W 3rd St Chico, CA 95928

The Morehead Ranch Neighborhood
14 Beds
8 Baths
5,575 Sq Ft
0.31 Acres

Last Sold March 26, 2024

Last sale price $670,000 $120 Per Sq Ft

173 Days on Market

Highlights

  • Evaporated cooling system
  • Laundry Room
  • Back Yard
  • Chico Junior High School Rated A-
  • Wall Furnace
  • 1-Story Property

About This Home

As of March 2024

Your Dream Investment Awaits: Meet the Multi-Unit Marvel Near Chico State! Hello Investors and Real Estate Enthusiasts! Allow me to introduce myself. I'm a charming multi-unit residential property positioned perfectly near Chico State University and the bustling downtown scene, but I'm not just a property; I'm your next portfolio game-changer. I offer four unique units for diverse income; My Front House (Unit #1) is a spacious 5-bedroom, 2-bathroom haven, perfect for roommates who want to balance study and play— With a more intimate 2-bedroom, 2-bath (unit #2) in the lower level. Unit #3 is a freestanding cottage featuring 3 bedrooms and 2 baths, this little gem offers a private fenced yard. Last but not, Unit #4— My 4-bedroom, 2-bath unit, which blends comfort and convenience, rounding out the quartet beautifully. Parking? Plenty! Say goodbye to the parking hunt. I offer ample off-street spots for cars, bikes, and scooters alike. Bonus Cash Flow? My Coin-Op laundry room does more than clean clothes—it adds to your income stream. Think of it as a mini-business within your investment. With a gross annual income of $75,600 and leases already set for the school year, I’m not just attractive—I make financial sense. I'm a turnkey operation, ready to add significant numbers to your bottom line. Come see for yourself why students love living here and why you'll love owning me! Call Your Realtor Today! I'm ready to meet you—are you ready to meet your next great investment?

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico Brokerage Phone: 530-514-6288 License #00813533 Listed on: 09/06/2023

Re/Max of Chico

Last Buyer's Agent

Steven Depa

Re/Max of Chico Brokerage Phone: 530-514-6288 License #00813533 Listed on: 09/06/2023

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Back Yard

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 5,575 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 043682060000

Community Details

Overview

  • 3 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $236
  • Insurance Expense $1,500
  • Trash Expense $2,057
  • Water Sewer Expense $3,365
  • New Taxes Expense $8,988
  • Operating Expense $16,146
  • Gross Income $6,300
  • Net Operating Income $59,454

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 187500
  • Property Attached: Yes
  • Water Sewer Expenses: 3365.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 043682060000
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 120.18

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2057.00
  • Water Source: Public
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 13504.00
  • Lot Size Acres: 0.3100

Multi Family

  • Electric Expense: 236.00
  • Gross Income: 6300.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 13504.0000 Square Feet
  • Net Operating Income: 59454.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16146.00
  • Rent Control: Yes
  • Total Expenses: 16146.00

Tax Info

  • New Taxes Expense: 8988.00
  • Tax Census Tract: 11.00
  • Tax Lot: 20

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/26/2024 03/26/24 Sold $670,000 0.0% $120 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
01/24/2024 01/24/24 Off Market $670,000 -- --
12/18/2023 12/18/23 Price Changed $750,000 0.0% $135 / Sq Ft
12/18/2023 12/18/23 For Sale $750,000 -3.2% $135 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
10/04/2023 10/04/23 Price Changed $775,000 -3.0% $139 / Sq Ft
09/06/2023 09/06/23 For Sale $799,000 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steven Depa

    Seller's Agent in 2024

    Steven Depa

    RE/MAX

    (530) 520-8672

    6 in this area

    139 Total Sales

    Steven Depa
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23165776

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

1501 W 3rd St, Chico, CA

This home is located at 1501 W 3rd St, Chico, CA 95928 since 06 September 2023. This property was built in 1975. 1501 W 3rd 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

Nearby Homes