NOT LISTED FOR SALE
3 Beds
3 Baths
4,676 Sq Ft
10,890 Sq Ft

Last Sold July 15, 2014

Last sale price $354,000 $76 Per Sq Ft

30 Days on Market

About This Home

As of July 2014

Blocks from Chico State on the corner of W. 1st Ave & Magnolia! All 8 units are 1 bedroom 1 bath. Apartment interiors vary. Some units feature: hardwood floors, walk-in closets, open kitchen to living room floor plan, spacious bedroom, etc.



Property also features on site coin operated laundry facility. Additional income! This complex is priced to sell.

Last Agent to Sell the Property

Sarah Nielsen

Independent Realty Group License #01459113 Listed on: 01/02/2014

Last Buyer's Agent

Sarah Nielsen

Independent Realty Group License #01459113 Listed on: 01/02/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 4,676 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Assessor Parcel Number 003095006000

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $798
  • Insurance Expense $2,106
  • Maintenance Expense $3,000
  • Professional Management Expense $3,031
  • Trash Expense $1,228
  • Water Sewer Expense $3,000
  • New Taxes Expense $5,775
  • Gross Income $4,175
  • Net Operating Income $34,754

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.25 Acres

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3031.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 003095006000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 75.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1228.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Electric Expense: 798.00
  • Gross Income: 4175.00
  • Gross Scheduled Income: 50100.00
  • Insurance Expense: 2106.00
  • Lot Size Area: 10890.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 34754.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 15346.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5775.00
  • Tax Year: 2012
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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 List to Sale Price per Sq Ft
07/15/2014 07/15/14 Sold $354,000 -32.6% $76 / Sq Ft
02/01/2014 02/01/14 Pending -- -- --
01/02/2014 01/02/14 For Sale $525,000 -- $112 / 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 $4,993 $457,984 $188,078 $269,906
2024 $4,993 $446,064 $184,391 $261,673
2023 $4,935 $440,319 $180,776 $259,543
2022 $4,854 $431,745 $177,232 $254,513
2021 $4,764 $423,339 $173,757 $249,582
2020 $4,751 $419,030 $171,976 $247,054
2019 $4,666 $410,873 $168,604 $242,269
2018 $4,581 $402,877 $165,299 $237,578
2017 $4,487 $395,037 $162,058 $232,979
2016 $4,097 $387,351 $158,881 $228,470
2015 $4,098 $381,579 $156,495 $225,084
2014 $1,475 $136,158 $21,108 $115,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14000465

California Regional Multiple Listing Service (CRMLS)
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