NOT LISTED FOR SALE
3 Beds
2 Baths
4,266 Sq Ft
6,970 Sq Ft

Last Sold April 06, 2018

Last sale price $695,000 $163 Per Sq Ft

4 Days on Market

Highlights

  • Private Yard
  • Chico Junior High School Rated A-
  • Laundry Room

About This Home

As of April 2018

Well maintained and clean 6 unit building with plenty of upside in rents. Great location, near CSU Chico, downtown and Chico High School. 4 1/1 Units averaging $650/month and 2 2/1 Units averaging $840/month. Tenants also pay a water fee. Other similar 1 bedroom units in this area are leased for as much as $895/mo. Units share a coin laundry room that generates additional income each month, and one garage is available to a unit.

Last Agent to Sell the Property

Ryan Vaught

Ryno Company License #01444141 Listed on: 02/23/2018

Last Buyer's Agent

Kenneth Winslow

Re/Max of Chico License #00956005

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • 4,266 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Assessor Parcel Number 003092011000

Community Details

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,140
  • Insurance Expense $2,388
  • Maintenance Expense $1,000
  • Other Expense $1,500
  • Professional Management Expense $4,098
  • Trash Expense $1,380
  • Water Sewer Expense $2,100
  • New Taxes Expense $7,645
  • Operating Expense $21,251
  • Gross Income $4,400
  • Net Operating Income $29,976

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

6,970 Sq Ft Lot

Parking

1

Listing Details

  • Professional Management Expense: 4098.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1140.00
  • Parcel Number: 003092011000
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 162.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1380.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52812.00
  • Insurance Expense: 2388.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 29976.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 21251.00
  • Other Expense: 1500.00
  • Other Expense Description: Turnover
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Total Expenses: 21251.00

Tax Info

  • New Taxes Expense: 7645.00
  • Tax Census Tract: 6.03
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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 Prior Sale
04/06/2018 04/06/18 Sold $695,000 0.0% $163 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $695,000 +66.3% $163 / Sq Ft
05/14/2014 05/14/14 Sold $418,000 -1.4% $98 / Sq Ft View Prior Sale
02/06/2014 02/06/14 Pending -- -- --
01/02/2014 01/02/14 For Sale $424,000 -- $99 / 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 $8,589 $790,511 $238,942 $551,569
2024 $8,589 $773,051 $234,257 $538,794
2023 $8,488 $759,894 $229,664 $530,230
2022 $8,351 $745,034 $225,161 $519,873
2021 $8,195 $730,466 $220,747 $509,719
2020 $8,172 $722,997 $218,484 $504,513
2019 $8,025 $708,860 $214,200 $494,660
2018 $5,139 $452,336 $172,376 $279,960
2017 $5,034 $443,507 $168,997 $274,510
2016 $4,596 $434,851 $165,684 $269,167
2015 $4,596 $428,350 $163,196 $265,154
2014 $1,318 $121,406 $15,830 $105,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18042995

California Regional Multiple Listing Service (CRMLS)
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