NOT LISTED FOR SALE

20 Fremont St Chico, CA 95928

20 Beds
10 Baths
17,380 Sq Ft
0.9 Acres Lot

Sale Details

Date Sold: September 1, 2021

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

35 Days on Market

Highlights

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

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

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 39,204 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn

Home Design

  • Property Attached

Interior Spaces

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

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
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21077337

California Regional Multiple Listing Service (CRMLS)
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