NOT LISTED FOR SALE
6 Beds
5 Baths
3,399 Sq Ft
7,405 Sq Ft Lot

Last Sold January 19, 2024

Last sale price $830,000 $244 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Chico Junior High School Rated A-
  • Double Pane Windows
  • Drip System Landscaping

About This Home

As of January 2024

This exceptional 3-unit investment property is in immaculate condition, offering a unique and private haven for each home. All three units feature private access to their own storage garage, two parking spots, indoor laundry and private patios. Unit #1 welcomes you with an inviting large front patio and features stunning high beamed wood ceilings in the open living and dining areas. The kitchen seamlessly connects to the living spaces, complemented by a charming dining nook. The spacious bedroom and bathroom with not disappoint. Unit #2 offers an elegant ambiance with soaring ceilings and abundant natural light, featuring three bedrooms and two bathrooms. An enclosed fireplace adds sophistication to the spacious living room, with a well-thought-out layout that includes a dining area, kitchen, pantry, and laundry. Upstairs, three generous bedrooms provide privacy, versatility and comfort. Unit #3 impresses with a gracious foyer entry and an inviting living room with an enclosed fireplace and ample natural light. The kitchen, dining bar, and cozy dining nook create a charming dining area. This unit offers the luxury of a bedroom and bathroom on both the upper and lower levels and an adorable office or workout space with French-style glass doors enhances the layout. This 3-plex is not only about exceptional residences; it also enjoys a prime location near Downtown Chico, schools, the University, and Enloe Hospital. The location and remarkable 11-year vacancy-free history make this property an outstanding investment opportunity.

Last Agent to Sell the Property

John Barroso

Parkway Real Estate Co. License #01434090 Listed on: 11/14/2023

Last Buyer's Agent

Kelsey Grabin

Re/Max of Chico License #02005715

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2001

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Drip System Landscaping
  • Rectangular Lot

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Shared Driveway
  • Off-Street Parking

Home Design

  • Triplex
  • Entry on the 1st floor
  • Turnkey
  • Asphalt Roof

Interior Spaces

  • 3,399 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 1,2 / 50
  • Assessor Parcel Number 003101004000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $130
  • Gardener Expense $1,560
  • Insurance Expense $2,041
  • Other Expense $100
  • Trash Expense $1,680
  • Water Sewer Expense $2,400
  • Operating Expense $7,961
  • Gross Income $52,200
  • Net Operating Income $37,739

Property Details

Home Type

Multi-Family

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 283333
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: RP
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 003101004000
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 244.19
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage Faces Side, Off Street, Shared Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Heating Type: Fireplace(s), Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, In Closet, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Rectangular Lot, Sprinklers Drip System, Walkstreet
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 130.00
  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 2041.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 37739.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 14461.00
  • Other Expense: 100.00
  • Rent Control: No
  • Total Actual Rent: 4350.00
  • Total Expenses: 7961.00

Tax Info

  • Tax Block: 50
  • Tax Census Tract: 7.00
  • Tax Lot: 1,2

Range of Values:

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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 Change Sq Ft Price
01/19/2024 01/19/24 Sold $830,000 -2.4% $244 / Sq Ft
11/19/2023 11/19/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $850,000 +77.1% $250 / Sq Ft
08/28/2012 08/28/12 Sold $480,000 -3.8% $141 / Sq Ft
08/13/2012 08/13/12 Pending -- -- --
08/08/2012 08/08/12 For Sale $499,000 -- $147 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23208756

California Regional Multiple Listing Service (CRMLS)