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

Sale Details

Date 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
  • Central Heating and Cooling System

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 in unit

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

Amenities

  • Laundry Facilities

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

8,276 Sq Ft Lot

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

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
Nov 2, 2020
Closed on
Dec 18, 2020
Sold by
Bought by
Seller's Agent
Tamara Lambert
Thrive Real Estate Company
Buyer's Agent
Erica Thau
eXp Realty of California, Inc.
List Price
$725,000
Sold Price
$712,500
Premium/Discount to List
-$12,500
-1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,952
Interest Rate
0.027%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 2, 2020
Closed on
Dec 10, 2020
Sold by
Bought by
Seller's Agent
Tamara Lambert
Thrive Real Estate Company
Buyer's Agent
Erica Thau
eXp Realty of California, Inc.
List Price
$725,000
Sold Price
$712,500
Premium/Discount to List
-$12,500
-1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,952
Interest Rate
0.027%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2020
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
0.0684%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Mid Valley Title
$712,500 Mid Valley Title
-- None Available
-- Bidwell Title & Escrow
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 $403,952
Previous Owner $403,952
Previous Owner $207,000
Previous Owner $205,000
Previous Owner $219,200
Previous Owner $80,500
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
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

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 $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

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20230695

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.