NOT LISTED FOR SALE

220 W 1st Ave Chico, CA 95926

Chico Vecino Neighborhood
3 Beds
2 Baths
4,266 Sq Ft
6,970 Sq Ft Lot

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

0

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

Range of Values:

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List Price
Sold Price
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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 Change Sq Ft Price
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Vaught

    Seller's Agent in 2018

    Ryan Vaught

    Ryno Company

    (530) 343-2959

    4 in this area

    18 Total Sales

    Ryan Vaught
    Section Image
  • Kenneth Winslow

    Buyer's Agent in 2018

    Kenneth Winslow

    RE/MAX

    (530) 809-3700

    17 Total Sales

    Kenneth Winslow
    Section Image

  • S

    Seller's Agent in 2014

    Sarah Nielsen

    Independent Realty Group

    Section Image

  • D

    Buyer's Agent in 2014

    Dean Gaskey

    Anderson Real Estate Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18042995

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95926 Chico Vecino

220 W 1st Ave, Chico, CA

This home is located at 220 W 1st Ave, Chico, CA 95926 since 23 February 2018. This property was built in 1957. 220 W 1st Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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