NOT LISTED FOR SALE

20 Fremont St Chico, CA 95928

20 Beds
10 Baths
17,380 Sq Ft
39,204 Sq Ft Lot

Last Sold September 01, 2021

Last sale price $2,725,000 $157 Per Sq Ft

35 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Central Heating
  • Harry M. Marsh Junior High School Rated A-
  • Landscaped

About This Home

As of September 2021

WOW! Check out this solid income-producing asset, surely to be a welcomed addition to any portfolio! 20 spacious 2 bedroom, 1 bath units with private patio space (except unit 1 which has been converted to management office space). Low maintenance landscaping, covered parking & onsite coin op laundry. Tucked away on a quiet cu-de-sac in South Chico, near restaurants and shopping.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 04/14/2021

Re/Max of Chico

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.9 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn

Home Design

  • Property Attached

Interior Spaces

  • 17,380 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number 002260001000

Community Details

Overview

  • 5 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,900
  • Insurance Expense $6,564
  • Maintenance Expense $25,538
  • Professional Management Expense $9,432
  • Trash Expense $4,800
  • Water Sewer Expense $9,600
  • New Taxes Expense $31,900
  • Operating Expense $91,734
  • Gross Income $16,795
  • Net Operating Income $109,806

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0.9 Acres

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 9432.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9600.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 002260001000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 156.79

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 39204.00
  • Lot Size Acres: 0.9000

Multi Family

  • Electric Expense: 3900.00
  • Gross Income: 16795.00
  • Gross Scheduled Income: 201540.00
  • Insurance Expense: 6564.00
  • Laundry Income: 2440.00
  • Lot Size Area: 39204.0000 Square Feet
  • Maintenance Expense: 25538.00
  • Net Operating Income: 109806.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 91734.00
  • Rent Control: Yes
  • Total Expenses: 91734.00

Tax Info

  • New Taxes Expense: 31900.00
  • Tax Census Tract: 9.03
  • Tax Lot: 163
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2021 09/01/21 Sold $2,725,000 -6.0% $157 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $2,900,000 -- $167 / 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 $31,433 $2,891,300 $371,422 $2,519,878
2024 $31,433 $2,826,766 $364,140 $2,462,626
2023 $31,064 $2,779,340 $357,000 $2,422,340
2022 $30,578 $1,340,877 $312,377 $1,028,500
2021 $14,834 $1,314,743 $306,252 $1,008,491
2020 $14,800 $1,301,345 $303,112 $998,233
2019 $14,542 $1,275,986 $297,169 $978,817
2018 $14,275 $1,251,125 $291,343 $959,782
2017 $13,976 $1,226,751 $285,631 $941,120
2016 $12,767 $1,202,855 $280,031 $922,824
2015 $12,765 $1,184,908 $275,825 $909,083
2014 $12,474 $1,161,855 $270,422 $891,433
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21077337

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.