1531 Laurel St Chico, CA 95928
Mulberry Neighborhood
12
Beds
5
Baths
4,269
Sq Ft
8,712
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Back and Front Yard
- Harry M. Marsh Junior High School Rated A-
About This Home
As of July 2019This is an exceptional chance to own a fourplex consisting of four large 3 bedroom units making 9.22% annual rent to capital and fully net income positive. Comprising a single family home and a triplex built in 1984, this investment is fully rented with the ability to raise rents further in November. With the lack of inventory in Chico, this is an excellent chance to buy into this booming rental market. Full top to bottom remodels have been done on 3/4 units and the last one has been updated with new flooring, paint, etc. The owner has made extensive repairs and improvements to make all units easy to rent. There is no owner PG&E
Last Agent to Sell the Property
Constance Carter
Catalyst Real Estate Professionals License #01358287 Listed on: 06/06/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 8,712 Sq Ft Lot
- Two or More Common Walls
- Back and Front Yard
Home Design
- Quadruplex
Interior Spaces
- 4,269 Sq Ft Home
- Laminate Flooring
Bedrooms and Bathrooms
- 12 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Parking
- Parking Available
- Parking Lot
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Assessor Parcel Number 005213007000
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $2,552
- Trash Expense $1,204
- Water Sewer Expense $2,128
- New Taxes Expense $4,934
- Operating Expense $15,278
- Net Operating Income $43,798
Similar Homes in Chico, CA
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2019 07/29/19 | Sold | $650,000 | +0.8% | $152 / Sq Ft |
| 06/17/2019 06/17/19 | Pending | -- | -- | -- |
| 06/06/2019 06/06/19 | For Sale | $645,000 | +54.7% | $151 / Sq Ft |
| 05/23/2017 05/23/17 | Sold | $417,000 | -7.3% | $139 / Sq Ft |
| 04/17/2017 04/17/17 | Pending | -- | -- | -- |
| 03/20/2017 03/20/17 | For Sale | $450,000 | +23.8% | $150 / Sq Ft |
| 10/31/2014 10/31/14 | Sold | $363,500 | -3.1% | $85 / Sq Ft |
| 10/02/2014 10/02/14 | Pending | -- | -- | -- |
| 09/19/2014 09/19/14 | For Sale | $375,000 | -- | $88 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
C
Seller's Agent in 2019
Constance Carter
Catalyst Real Estate Professionals
-
NoEmail NoEmail
N
Buyer's Agent in 2019
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,849 Total Sales
-
Ryan Vaught
Seller's Agent in 2017
Ryan Vaught
Ryno Company
(530) 343-2959
18 Total Sales
-
Kiersten Morgan
Seller's Agent in 2014
Kiersten Morgan
Crane Realty
(530) 680-8884
1 in this area
129 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN19132826
APN: 005-213-007
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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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