NOT LISTED FOR SALE

2598 E 20th St Chico, CA 95928

1 Bed
1 Bath
17,134 Sq Ft
0.72 Acres

Last Sold April 12, 2022

Last sale price $4,900,000 $286 Per Sq Ft

7 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Corner Lot
  • No HOA
  • Harry M. Marsh Junior High School Rated A-
  • Granite Countertops
  • SEER Rated 13-15 Air Conditioning Units

About This Home

As of April 2022

This home is located at 2598 E 20th St, Chico, CA 95928 since 19 July 2021. This property was built in 2014. 2598 E 20th St is a home located in Butte County with nearby schools including Little Chico Creek Elementary School, Harry M. Marsh Junior High School, and Chico High School.

Last Agent to Sell the Property

William Sheridan

SFInvest Real Estate License #00864265 Listed on: 07/19/2021

Co-Listed By

Jerad Prevost

SFInvest Real Estate License #02102116

Last Buyer's Agent

Ryan Vaught

Ryno Company License #01444141

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2014

Lot Details

  • 0.72 Acre Lot
  • Two or More Common Walls
  • Corner Lot
  • Sprinkler System
  • Density is 16-20 Units/Acre
  • 018490066000

Home Design

  • Apartment
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 17,134 Sq Ft Home
  • 3-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Den with Fireplace

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 1 Bedroom
  • Fireplace in Primary Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Suburban Location

Utilities

  • SEER Rated 13-15 Air Conditioning Units
  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 018490165000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 22 Units

Building Details

  • 22 Leased Units
  • Rent Control
  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • Electric Expense $4,928
  • Fuel Expense $650
  • Insurance Expense $9,228
  • Professional Management Expense $15,576
  • Trash Expense $4,451
  • Water Sewer Expense $10,068
  • Operating Expense $123,039
  • Gross Income $342,000
  • Net Operating Income $218,961

Property Details

Home Type

Multi-Family

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Professional Management Expense: 15576.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 10068.00
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 018490165000
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Den, Kitchen, Living Room, Master Bedroom, Electric, Gas
  • Levels: Two
  • Price Per Square Foot: 285.98

Exterior Features

  • Foundation: Concrete Perimeter, Slab
  • Pool Private: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 4451.00
  • Water Source: Public
  • Cooling: Central Air, Seer Rated 13-15
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 018490066000
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Corner Lot, Lot 20000-39999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 31364.00
  • Lot Size Acres: 0.7200

Multi Family

  • Average1 Bed Area: 779 Square Feet
  • Electric Expense: 4928.00
  • Fuel Expense: 650.00
  • Gross Income: 342000.00
  • Gross Scheduled Income: 342000.00
  • Insurance Expense: 9228.00
  • Lot Size Area: 31364.0000 Square Feet
  • Net Operating Income: 218961.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Units Leased: 22
  • Number Of Units Total: 22
  • Operating Expense: 123039.00
  • Rent Control: Yes
  • Total Expenses: 123039.00

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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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2022 04/12/22 Sold $4,900,000 0.0% $286 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $4,900,000 -- $286 / Sq Ft
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 $29,654 $2,598,735 $408,565 $2,190,170
2024 $29,654 $2,528,172 $400,554 $2,127,618
2023 $29,279 $2,498,600 $392,700 $2,105,900
2022 $17,459 $1,440,296 $302,467 $1,137,829
2021 $17,120 $1,412,056 $296,537 $1,115,519
2020 $17,037 $1,397,578 $293,497 $1,104,081
2019 $16,663 $1,370,176 $287,743 $1,082,433
2018 $16,224 $1,343,310 $282,101 $1,061,209
2017 $15,487 $1,316,971 $276,570 $1,040,401
2016 $14,196 $1,291,149 $271,148 $1,020,001
2015 $13,892 $1,271,756 $267,076 $1,004,680
2014 $1,954 $154,000 $154,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21158042

California Regional Multiple Listing Service (CRMLS)