Seller's Agent in 2023
Steven Depa
RE/MAX
(530) 520-8672
131 Total Sales
20
Beds
10
Baths
24,640
Sq Ft
1.49
Acres
Highlights
- Laundry Room
- Central Heating and Cooling System
- 1-Story Property
- Chico Junior High School Rated A-
- Back Yard
About This Home
As of March 2023Shasta East is a duplex community consisting of (28) 2 bedroom 1 bath units. Each unit has indoor laundry, and an oversized one car garage along with a private & spacious yard. These units enjoy near 100% occupancy with many long term tenants. Current owners have been upgrading units, as they turn over. Property offers significant upside, by improving rents to meet local market value, as well as the ability to add/build out amenities to the underutilized portions of the property. Purchase also includes 194 E Shasta Ave.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 1.49 Acre Lot
- 1 Common Wall
- Back Yard
- 006-380-003
Parking
- 28 Car Garage
Home Design
- Apartment
Interior Spaces
- 24,640 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 20 Bedrooms
- 10 Bathrooms
Utilities
- Central Heating and Cooling System
- Conventional Septic
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 006380002000
Community Details
Overview
- 14 Buildings
- 28 Units
Building Details
- Rent Control
- 30 Separate Electric Meters
- 30 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $331
- Gardener Expense $8,388
- Insurance Expense $9,207
- Maintenance Expense $53,592
- Pest Control $2,530
- Professional Management Expense $22,506
- Trash Expense $8,413
- Water Sewer Expense $7,385
- New Taxes Expense $59,600
- Operating Expense $171,952
- Gross Income $38,545
- Net Operating Income $310,383
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/29/2023 03/29/23 | Sold | $4,950,000 | -6.5% | $201 / Sq Ft | |
| 02/06/2023 02/06/23 | Pending | -- | -- | -- | |
| 02/03/2023 02/03/23 | For Sale | $5,295,000 | +69.4% | $215 / Sq Ft | |
| 01/14/2019 01/14/19 | Sold | $3,125,000 | -10.6% | $127 / Sq Ft | View Prior Sale |
| 11/18/2018 11/18/18 | Pending | -- | -- | -- | |
| 10/25/2018 10/25/18 | Price Changed | $3,495,000 | -2.8% | $142 / Sq Ft | |
| 10/22/2018 10/22/18 | Price Changed | $3,595,000 | -3.1% | $146 / Sq Ft | |
| 09/19/2018 09/19/18 | For Sale | $3,710,000 | -- | $151 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $27,917 | $2,574,707 | $520,200 | $2,054,507 |
| 2024 | $27,917 | $2,517,360 | $510,000 | $2,007,360 |
| 2023 | $18,692 | $1,674,808 | $482,490 | $1,192,318 |
| 2022 | $18,392 | $1,642,107 | $473,030 | $1,169,077 |
| 2021 | $18,047 | $1,610,047 | $463,755 | $1,146,292 |
| 2020 | $17,997 | $1,593,610 | $459,000 | $1,134,610 |
| 2019 | $14,305 | $1,263,747 | $391,140 | $872,607 |
| 2018 | $14,045 | $1,239,106 | $383,471 | $855,635 |
| 2017 | $13,760 | $1,214,948 | $375,952 | $838,996 |
| 2016 | $12,561 | $1,191,264 | $368,581 | $822,683 |
| 2015 | $12,562 | $1,173,476 | $363,045 | $810,431 |
| 2014 | $10,750 | $1,007,000 | $330,000 | $677,000 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Depa
-
Emmett Jacobi
Buyer's Agent in 2023
Emmett Jacobi
Century 21 Select Real Estate, Inc.
(530) 519-6333
103 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN23013609
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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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