$900,000

1540 Locust St Unit 2 Chico, CA 95928

Mulberry Neighborhood

Estimated payment $5,289/month

Total Views 29,306
5 Beds
2 Baths
3,492 Sq Ft
$258 Price per Sq Ft

Highlights

  • Park
  • Laundry Room
  • Bike Trail
  • Harry M. Marsh Junior High School Rated A-
  • Central Heating and Cooling System

About This Home

Close to downtown. 4 unit multifamily property built in 1984 The property has 3 three bedroom one bath and 1 2bedroom 1 bath flats. Each are 873 sq ft. Each have washer and dryer hook ups. Each unit has Range, Frig and Dishwasher. Each has patios. The building is stucco exterior with a composition roof. Off street parking. Long term tenants.

Listing Agent

Vickie Houghton

Bidwell Realty Brokerage Phone: 530-990-0510 License #01040914 Listed on: 04/19/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,071

Year Built

  • Built in 1984

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 3,492 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 4 / 4
  • Assessor Parcel Number 005203008000

Community Details

Overview

  • 4 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $2,664
  • Water Sewer Expense $4,320
  • Operating Expense $8,784

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,071

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Price Per Unit: 225000
  • Property Attached: No
  • Water Sewer Expenses: 4320.00
  • Zoning: 00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 005203008000
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 257.73

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2664.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000
  • Latitude Manual: 39.72214800

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average2 Bed Area: 873 Square Feet
  • Average3 Bed Area: 873 Square Feet
  • Gross Scheduled Income: 54300.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 8712.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Rent Control: No
  • Total Expenses: 8784.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 13.00
  • Tax Lot: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $5,071 $464,535 $131,510 $333,025
2024 $5,071 $455,428 $128,932 $326,496
2023 $5,011 $446,499 $126,404 $320,095
2022 $4,934 $437,745 $123,926 $313,819
2021 $3,608 $319,104 $81,225 $237,879
2020 $3,600 $315,833 $80,393 $235,440
2019 $3,538 $309,641 $78,817 $230,824
2018 $3,472 $303,571 $77,272 $226,299
2017 $3,398 $297,619 $75,757 $221,862
2016 $3,105 $291,784 $74,272 $217,512
2015 -- $287,402 $73,157 $214,245
2014 -- $281,773 $71,724 $210,049
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 For Sale $900,000 -- $258 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Timios Title A Ca Corp
Grant Deed $275,000 Fidelity Natl Title Co Of Ca
Interfamily Deed Transfer -- --
Grant Deed $150,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,000 Commercial
Closed $268,028 FHA
Previous Owner $119,500 Unknown
Previous Owner $120,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR23062676

California Regional Multiple Listing Service (CRMLS)

APN: 005-203-008-000