NOT LISTED FOR SALE
9 Beds
5 Baths
4,200 Sq Ft
8,276 Sq Ft Lot

Last Sold December 21, 2020

Last sale price $712,500 $170 Per Sq Ft

8 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Living Room
  • Chico Junior High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of December 2020

Income opportunity! Great location near shopping, schools and public transportation. Low maintenance, and tenants already in place/fully rented. Two newer (2006) 3bd / 2ba units and one older 3bd / 1 ba unit, all on one lot. Interesting property for the astute investor!

Last Agent to Sell the Property

Tamara Lambert

Thrive Real Estate Company License #01728469 Listed on: 11/02/2020

Last Buyer's Agent

Erica Thau

eXp Realty of California, Inc. License #01377489

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Northeast Facing Home
  • Wrought Iron Fence
  • Level Lot
  • Front Yard

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Living Room
  • Carpet
  • Neighborhood Views
  • Disposal
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 004010004000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,214
  • Maintenance Expense $200
  • Pest Control $420
  • Trash Expense $360
  • Water Sewer Expense $2,640
  • New Taxes Expense $7,975
  • Operating Expense $14,529
  • Gross Income $57,000
  • Net Operating Income $42,471

Property Details

Home Type

Multi-Family

Year Built

Built in 2006 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.90
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 2640.00
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 004010004000
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 169.64
  • Room Type: Living Room
  • Window Features: Blinds

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Inside
  • Pest Control Expense: 420.00
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900
  • Latitude Manual: 39.72285300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 57000.00
  • Gross Operating Income: 57000.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 2214.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 200.00
  • Net Operating Income: 42471.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 14529.00
  • Rent Control: No
  • Total Actual Rent: 4750.00
  • Total Expenses: 14529.00

Tax Info

  • New Taxes Expense: 7975.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/21/2020 12/21/20 Sold $712,500 -1.7% $170 / Sq Ft
11/06/2020 11/06/20 For Sale $725,000 +1.8% $173 / Sq Ft
11/02/2020 11/02/20 Off Market $712,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,378 $771,232 $184,013 $587,219
2024 $8,378 $756,110 $180,405 $575,705
2023 $8,279 $741,285 $176,868 $564,417
2022 $8,146 $726,750 $173,400 $553,350
2021 $7,993 $712,500 $170,000 $542,500
2020 $6,204 $548,243 $96,001 $452,242
2019 $6,092 $537,494 $94,119 $443,375
2018 $5,980 $526,956 $92,274 $434,682
2017 $5,858 $516,624 $90,465 $426,159
2016 $5,347 $506,495 $88,692 $417,803
2015 $5,347 $498,888 $87,360 $411,528
2014 $4,273 $400,000 $115,000 $285,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20230695

California Regional Multiple Listing Service (CRMLS)