NOT LISTED FOR SALE

2568 Esplanade Chico, CA 95973

Studio
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Last Sold August 23, 2022

Last sale price $465,000

14 Days on Market

Highlights

  • No HOA
  • Bidwell Junior High School Rated A-
  • 1-Story Property

About This Home

As of August 2022

6 unit apartment consisting of five (5) studios and one (1) three bedroom unit. Three of the six units have been renovated in the last two years. Owner just leased new laundry machines with WASH. In-place rents produce a 6.5% cap rate while leaving a new owner the remaining units to renovate and lease to produce a 7.3% cap rate. This is a former motel converted to apartments. Contact Marc Guillon for more information.

Last Agent to Sell the Property

Marc Guillon

North Valley Real Estate Advisors License #01839798 Listed on: 07/15/2022

Last Buyer's Agent

Marc Guillon

North Valley Real Estate Advisors License #01839798 Listed on: 07/15/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 1-Story Property
  • Leased Washer and Dryer

Listing and Financial Details

  • Assessor Parcel Number 006-060-057-000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 5 Leased Units
  • 1 Vacant Unit
  • 4 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1950
  • Stories: 1
  • Number of Three Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Price Per Square Foot: 138.39

Exterior Features

  • Construction Materials: Wood, Other
  • Foundation: Other
  • Listing Price: 507000.00
  • Lot Features: Other

Garage/Parking

  • Parking Features: Other
  • Total Parking Spaces: 6.00

Utilities

  • Security: Other
  • Sewer: Other
  • Utilities: Other
  • Cooling: Other
  • Heating: Other
  • Laundry Features: Washer/Dryer Leased
  • Water Source: Other

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Chico Unified

Lot Info

  • Zoning Description: MF
  • Irrigation: Other
  • Lot Size Acres: 0.1600
  • Lot Size Sq Ft: 6970.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Total # Leasable: 6

Multi Family

  • Income Includes: Other
  • Number of Leased Units: 5
  • Number of Month to Month Units: 4
  • Number of Units: 6
  • Number of Vacant Units: 1

Tax Info

  • Assessor Parcel Number: 006-060-057-000
  • Bonds/Assessments/Taxes Description: Other
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): Butte

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2022 08/23/22 Sold $465,000 -8.3% --
07/29/2022 07/29/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $507,000 +19.3% --
03/11/2020 03/11/20 Sold $425,000 -14.1% $126 / Sq Ft View Prior Sale
01/29/2020 01/29/20 Pending -- -- --
05/20/2019 05/20/19 For Sale $495,000 -- $147 / Sq Ft
Source: MetroList

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 $5,281 $483,664 $197,676 $285,988
2024 $5,281 $471,240 $193,800 $277,440
2023 $5,219 $465,000 $190,000 $275,000
2022 $4,931 $437,898 $195,807 $242,091
2021 $4,839 $429,371 $191,968 $237,403
2020 $3,564 $312,860 $120,099 $192,761
2019 $3,463 $306,739 $117,745 $188,994
2018 $3,400 $300,737 $115,437 $185,300
2017 $3,331 $294,853 $113,174 $181,679
2016 $3,040 $289,084 $110,955 $178,129
2015 $3,040 $284,752 $109,289 $175,463
2014 $2,967 $279,187 $107,149 $172,038
Source: Public Records

Agents Affiliated with this Home

  • Marc Guillon

    Seller's Agent in 2022

    Marc Guillon

    North Valley Real Estate Advisors

    (415) 987-7544

    11 Total Sales

    Marc Guillon
    Section Image
  • Brad Williams

    Seller's Agent in 2020

    Brad Williams

    Connect Real Estate Group

    (530) 774-3399

    33 Total Sales

    Brad Williams
    Section Image
  • Larry Ruby

    Seller Co-Listing Agent in 2020

    Larry Ruby

    Larry Ruby, Broker

    (530) 342-2214

    Larry Ruby
    Section Image
  • Brent Silberbauer

    Buyer's Agent in 2020

    Brent Silberbauer

    eXp Realty of California, Inc.

    (530) 864-2404

    92 Total Sales

    Brent Silberbauer
    Section Image
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Map

Source: MetroList

MLS Number: 222095277

MetroList
California Butte County Chico 95973

2568 Esplanade, Chico, CA

Not Listed for Sale

MultiFamily

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