J
Seller's Agent in 2025
James Bach
Paradise Corner Realty
(951) 659-2602
5 Total Sales
2051 Forest Ave Chico, CA 95928
Chico Area
28
Beds
28
Baths
13,800
Sq Ft
1.63
Acre Lot
Highlights
- Golf Course Community
- Near a National Forest
- Hiking Trails
- Harry M. Marsh Junior High School Rated A-
- No HOA
- Park
About This Home
As of February 2025Exceptional multi-family opportunity. Directly across from Walmart on Forest Ave. This 5 building 31 unit office complex can easily be converted to a 28 unit with clubhouse/office multi family complex. Entitlement level architectural floor plans and elevations have been completed. The office unit floor plans facilitate easy conversion to 1 bedroom units. Office Mixed Use/Office Commercial Land Use/Zoning are consistent and allow multi family and emergency housing by plot plan approval. Sixty parking spaces would give 2.14/1 parking ratio. As infill the project would be CEQA exempt. Potential GRM 9/10 would be 3.6m to 4.0m. L/O BROKER OWNED
Last Agent to Sell the Property
Paradise Corner Realty Brokerage Phone: 951-599-5567 License #01938962 Listed on: 12/13/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1992
Lot Details
- 1.63 Acre Lot
- Two or More Common Walls
- Rural Setting
- Rectangular Lot
- Sprinkler System
- Density is 16-20 Units/Acre
- 060,061,062
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 13,800 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 28 Bedrooms
- 28 Bathrooms
Parking
- 60 Open Parking Spaces
- 60 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 1-4 / 132
- Assessor Parcel Number 002370059000
- $19,300 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 28 Units
- Near a National Forest
- Mountainous Community
- Property is near a preserve or public land
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Park
- Dog Park
- Horse Trails
- Hiking Trails
- Bike Trail
Building Details
- 28 Separate Electric Meters
- Professional Management Expense $40,000
- Operating Expense $40,000
- Gross Income $403,200
- Net Operating Income $249,200
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 13, 2024
Closed on
Feb 27, 2025
Sold by
Bought by
Seller's Agent
James Bach
Paradise Corner Realty
Buyer's Agent
Matt Depa
Capital Rivers Commercial Inc
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Views
35
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0695%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 22, 2023
Sold by
Bought by
Purchase Details
Closed on
Oct 15, 2009
Sold by
Bought by
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Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,500,000 | Mid Valley Title | ||
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | None Available |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,000,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 02/27/2025 02/27/25 | Sold | $1,500,000 | -6.3% | $109 / Sq Ft |
| 01/22/2025 01/22/25 | Pending | -- | -- | -- |
| 12/13/2024 12/13/24 | For Sale | $1,600,000 | -- | $116 / 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 | $3,051 | $275,400 | $117,300 | $158,100 |
| 2024 | $3,051 | $270,000 | $115,000 | $155,000 |
| 2023 | $3,218 | $282,508 | $121,075 | $161,433 |
| 2022 | $3,173 | $276,969 | $118,701 | $158,268 |
| 2021 | $3,104 | $271,539 | $116,374 | $155,165 |
| 2020 | $3,105 | $268,755 | $115,181 | $153,574 |
| 2019 | $3,051 | $263,486 | $112,923 | $150,563 |
| 2018 | $2,993 | $258,320 | $110,709 | $147,611 |
| 2017 | $2,933 | $253,256 | $108,539 | $144,717 |
| 2016 | $2,683 | $248,291 | $106,411 | $141,880 |
| 2015 | $2,682 | $244,562 | $104,813 | $139,749 |
| 2014 | $2,622 | $239,772 | $102,760 | $137,012 |
Source: Public Records
Agents Affiliated with this Home
-
James Bach
-
Matt Depa
Buyer's Agent in 2025
Matt Depa
Capital Rivers Commercial Inc
(530) 514-6288
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW24249447
APN: 002-370-060-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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