NOT LISTED FOR SALE

260 E Lassen Ave Chico, CA 95973

10 Beds
5 Baths
10,448 Sq Ft
1.03 Acres

Last Sold April 01, 2016

Last sale price $1,200,000 $115 Per Sq Ft

6 Days on Market

Highlights

  • Private Pool
  • Lawn
  • Central Heating and Cooling System
  • Bidwell Junior High School Rated A-
  • Laundry Room

About This Home

As of April 2016

This well maintained property was updated in 2011 with cabinets, counter tops, fixtures, and appliances. The exterior was repainted and landscaped. The property has a very stable tenant mix and maintains a steady occupancy. Behind the building on Mefford is a 1350 sq. ft. double-wide mobile on permitted foundation that is currently rented but could provide additional ground to build more units.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 02/17/2016

Re/Max of Chico

Last Buyer's Agent

Blake Anderson

Re/Max Pacific License #01927715

Re/Max Pacific

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 1.03 Acre Lot
  • Two or More Common Walls
  • Lawn

Home Design

  • 10,448 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • 40 Parking Spaces
  • 12 Carport Spaces

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Additional Features

  • Laundry Room
  • Private Pool

Listing and Financial Details

  • Assessor Parcel Number 006230014000

Community Details

Overview

  • 3 Buildings
  • 13 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 14 Separate Electric Meters
  • 15 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,176
  • Gardener Expense $3,166
  • Insurance Expense $2,948
  • Maintenance Expense $8,250
  • Other Expense $6,232
  • Pest Control $864
  • Pool Expense $2,456
  • Professional Management Expense $6,201
  • Trash Expense $1,427
  • Water Sewer Expense $1,451
  • New Taxes Expense $14,440
  • Gross Income $11,200
  • Net Operating Income $84,613

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 7.00
  • Professional Management Expense: 6201.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1451.00
  • Property Type: Residential Income
  • Gardener Expense: 3166.00
  • Parcel Number: 006230014000
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 114.85

Exterior Features

  • Pool Expense: 2456.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 12.00
  • Total Parking Spaces: 40.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Pest Control Expense: 864.00
  • Sewer: Conventional Septic
  • Trash Expense: 1427.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lawn
  • Lot Size Sq Ft: 44867.00
  • Price Per Lot Square Foot: 26.75
  • Lot Size Acres: 1.0300

Multi Family

  • Electric Expense: 1176.00
  • Gross Income: 11200.00
  • Gross Multiplier: 9.00
  • Gross Scheduled Income: 134400.00
  • Insurance Expense: 2948.00
  • Lot Size Area: 44867.0000 Square Feet
  • Maintenance Expense: 8250.00
  • Net Operating Income: 84613.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 13
  • Operating Expense: 49787.00
  • Other Expense: 6232.00
  • Other Expense Description: Misc Exp
  • Rent Control: No

Tax Info

  • New Taxes Expense: 14440.00

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
04/01/2016 04/01/16 Sold $1,200,000 0.0% $115 / Sq Ft
02/23/2016 02/23/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $1,200,000 -- $115 / 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 $19,961 $1,839,598 $541,216 $1,298,382
2024 $19,961 $1,797,155 $530,604 $1,266,551
2023 $19,727 $1,768,417 $520,200 $1,248,217
2022 $19,412 $1,337,868 $401,585 $936,283
2021 $14,711 $1,311,763 $393,711 $918,052
2020 $14,670 $1,298,380 $389,674 $908,706
2019 $14,406 $1,273,050 $382,034 $891,016
2018 $14,144 $1,248,217 $374,544 $873,673
2017 $13,857 $1,223,870 $367,200 $856,670
2016 $7,467 $706,467 $270,564 $435,903
2015 $7,468 $695,901 $266,500 $429,401
2014 $7,301 $682,329 $261,280 $421,049
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16033003

California Regional Multiple Listing Service (CRMLS)