NOT LISTED FOR SALE

180 E 1st Ave Chico, CA 95926

Chico Vecino Neighborhood
16 Beds
9 Baths
6,920 Sq Ft
0.25 Acres

Last Sold April 25, 2012

Last sale price $572,000 $83 Per Sq Ft

25 Days on Market

Highlights

  • Multi-Level Bedroom
  • Contemporary Architecture
  • Lawn
  • Chico Junior High School Rated A-
  • Property is near a park
  • No HOA

About This Home

As of April 2012

Well maintained 8-unit apartment complex. 2 separate buildings with partial covered garage parking. Units include 1-3 bedroom unit, 6-2 bedroom units and 1-1 bedroom unit. Total monthly rents $4,685. Total annual rents $56,220. Apartment units have F/A heating and air, w-w carpets, tubs with showers, vinyl kitchen and bathroom floors, partial garage parking. Complex has laundry room with washer and dryer, outside patio area and landscaped common area with grass and trees. Great location close to downtown. Assumable first trust deed financing in the amount of $331,000.

Last Agent to Sell the Property

Frank Zebley

Zebley & Associates License #00561259 Listed on: 02/20/2012

Last Buyer's Agent

Steven Depa

Re/Max of Chico License #00813533

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 0.25 Acre Lot
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System
  • Lawn

Parking

  • 5 Car Garage
  • Parking Available
  • Combination Of Materials Used In The Driveway
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Turnkey
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 6,920 Sq Ft Home
  • Blinds
  • Window Screens
  • Living Room
  • Storage
  • Utility Room
  • Neighborhood Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Multi-Level Bedroom
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Location

  • Property is near a park

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Assessor Parcel Number 0031010130

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Insurance Expense $2,000
  • Maintenance Expense $3,000
  • Professional Management Expense $3,000
  • Trash Expense $1,000
  • New Taxes Expense $6,000
  • Gross Income $4,685
  • Net Operating Income $46,220

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Parking

5

Listing Details

  • Inclusions: 8- refrigerators, 8-stoves, 1-washing machine, 1-clothes dryer
  • Professional Management Expense: 3000.00
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 0031010130
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Storage
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 82.66
  • Room Type: Living Room, Multi-Level Bedroom, Utility Room
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Raised
  • Exterior Features: Barbecue Private, Lighting
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway - Combination, Driveway, Garage, Off Street
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Common Area, Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: Lawn, Landscaped, Rectangular Lot, Level with Street, Lot 10000-19999 Sqft, Paved, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 4685.00
  • Gross Scheduled Income: 56220.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 10890.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 46220.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 10000.00
  • Other Income Description: 80
  • Rent Control: No
  • Total Actual Rent: 4685.00

Tax Info

  • New Taxes Expense: 6000.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
04/25/2012 04/25/12 Sold $572,000 -4.5% $83 / Sq Ft
03/16/2012 03/16/12 Pending -- -- --
02/20/2012 02/20/12 For Sale $599,000 -- $87 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2012

    Frank Zebley

    Zebley & Associates

  • Steven Depa

    Buyer's Agent in 2012

    Steven Depa

    RE/MAX

    (530) 520-8672

    21 in this area

    133 Total Sales

    Steven Depa
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH12022969

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95926 Chico Vecino

180 E 1st Ave, Chico, CA

Not Listed for Sale

MultiFamily

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