Seller's Agent in 2018
Daniel Bosch
RE/MAX
(530) 321-8330
2 in this area
68 Total Sales
1502 N Cherry St Chico, CA 95926
Chico Vecino Neighborhood
8
Beds
4
Baths
6,520
Sq Ft
0.46
Acres
Highlights
- 20,038 Sq Ft lot
- Laundry Room
- Central Heating
- Chico Junior High School Rated A-
- Landscaped
- 1-Story Property
About This Home
As of May 2018This 8 unit complex is in a great location within close proximity to Chico State University, Enloe Hospital and downtown Chico. The excellent location provides for a very broad tenant base and translates to an extremely solid rental history. Low maintenance stucco exterior, onsite laundry facility and abundant off-street parking add to the appeal as well. Property is under professional management, is fully occupied and ready for an easy transition to new owner... **Long term tenants reside in a number of the units and currently have lower than market rents as a result. There is significant upside on rents for future owner.
Last Agent to Sell the Property
Re/Max of Chico License #01236305 Listed on: 03/23/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1973
Lot Details
- 0.46 Acre Lot
- Two or More Common Walls
- Landscaped
Home Design
- Property Attached
Interior Spaces
- 6,520 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Additional Features
- Rain Gutters
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 043132044000
Community Details
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $19,039
- Gross Income $64,788
- Net Operating Income $45,749
Additional Features
- 8 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/17/2018 05/17/18 | Sold | $715,520 | -8.9% | $110 / Sq Ft |
| 05/12/2018 05/12/18 | Pending | -- | -- | -- |
| 03/23/2018 03/23/18 | For Sale | $785,000 | -- | $120 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,872 | $813,698 | $318,589 | $495,109 |
| 2024 | $8,872 | $794,803 | $312,343 | $482,460 |
| 2023 | $8,769 | $782,219 | $306,219 | $476,000 |
| 2022 | $8,628 | $766,941 | $300,215 | $466,726 |
| 2021 | $8,467 | $751,963 | $294,329 | $457,634 |
| 2020 | $8,444 | $744,285 | $291,312 | $452,973 |
| 2019 | $8,292 | $729,750 | $285,600 | $444,150 |
| 2018 | $8,154 | $718,000 | $300,000 | $418,000 |
| 2017 | $7,897 | $693,000 | $300,000 | $393,000 |
| 2016 | $7,355 | $693,000 | $300,000 | $393,000 |
| 2015 | $7,252 | $673,000 | $300,000 | $373,000 |
| 2014 | $6,317 | $588,000 | $300,000 | $288,000 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Bosch
-
Brandi Laffins
Buyer's Agent in 2018
Brandi Laffins
RE/MAX
(530) 321-9562
12 in this area
149 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN18066053
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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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