NOT LISTED FOR SALE

2 Peacock Ln Chico, CA 95926

18 Beds
12 Baths
6,912 Sq Ft
0.99 Acres

Last Sold October 30, 2015

Last sale price $825,000 $119 Per Sq Ft

235 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Laundry Room
  • Neal Dow Elementary School Rated A-
  • Neighborhood Views
  • Central Heating and Cooling System

About This Home

As of October 2015

Rare and unique investment property with long rental history. Property has six units each with three bedrooms, two baths. Each unit has a two car garage, inside laundry and private backyard. The units have one common wall which is shared at the garage. The whole property is on .99 of an acre with lots of shared lawn area. This fantastic property is turn key ready so bring your investors because they will not want to miss out!

Last Agent to Sell the Property

Tamara Lambert

Thrive Real Estate Company License #01728469 Listed on: 10/12/2015

Last Buyer's Agent

Kim Tonge

Century 21 Select Real Estate, Inc. License #01318330

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.99 Acre Lot
  • 1 Common Wall
  • Partially Fenced Property
  • Sprinkler System

Parking

  • 12 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,912 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 015270050000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $4,260
  • Insurance Expense $2,337
  • Trash Expense $2,040
  • Water Sewer Expense $3,360
  • Gross Income $4,300
  • Net Operating Income $39,603

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

12

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3360.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 4260.00
  • Parcel Number: 015270050000
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 119.36
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Concrete Perimeter
  • View: Neighborhood
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage
  • Total Parking Spaces: 24.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Disposal
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Inside
  • Sewer: Conventional Septic
  • Trash Expense: 2040.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 43124.00
  • Price Per Lot Square Foot: 19.13
  • Lot Size Acres: 0.9900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4300.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 2337.00
  • Lot Size Area: 0.9900 Acres
  • Net Operating Income: 39603.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Operating Expense: 11997.00
  • Rent Control: No

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
10/30/2015 10/30/15 Sold $825,000 -13.6% $119 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $955,000 -- $138 / 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: CH15033948

California Regional Multiple Listing Service (CRMLS)