NOT LISTED FOR SALE

2672 White Ave Chico, CA 95973

Chico Area

Estimated Value: $658,000 - $715,210

8 Beds
4 Baths
3,640 Sq Ft
$191/Sq Ft Est. Value

Sale Details

Date Sold: October 29, 2019

Last sale price $625,000 $172 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,370 / mo

7 Days on Market

Highlights

  • 25 Acre Lot
  • Open Floorplan
  • Living Room with Attached Deck
  • Bidwell Junior High School Rated A-
  • Property is near public transit
  • Lawn

About This Home

As of October 2019

Turn-key Growth Opportunity in Chico! Independently conducted rental analysis: "Apartment building is $1,000/month under current market rents." Additionally, this 4-plex apartment has GREAT Curb Appeal - following extensive interior and exterior renovations! Renovations include new: roof, carpet, 6-panel interior doors, brushed nickel handles, fixtures, faucets, 3-color exterior paint, 2-color interior paint, 3" baseboard, blown attic insulation, water heaters, seal coated parking lot, landscaping, 100 feet of new fencing (stained) and most 30" ovens are new, and Large Capacity washer/dryer units are new. Two years ago, plumber replaced/upgraded all sink & toilet water valves. Storage supply room located in the back of building (estimated 5ft X 8ft). Large 2 Bedroom Apartment leases include smoke free, drug free, pet free policies, and are leased thru 12/31/2020. Tenants enjoy relaxing in the spacious grassy private backyard, gardening in their planter boxes, or walking to the movies and popular eateries.

Last Agent to Sell the Property

Jonathan Minerick

Homecoin.com License #01523060 Listed on: 09/11/2019

Last Buyer's Agent

Steven Ziel

Pryde Realty License #00979466

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 Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,689

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • 25 Acre Lot
  • 1 Common Wall
  • West Facing Home
  • Wood Fence
  • New Fence
  • Landscaped
  • Sprinklers on Timer
  • Lawn
  • Back Yard

Home Design

  • Quadruplex
  • Turnkey
  • Brick Exterior Construction
  • Slab Foundation
  • Fire Rated Drywall
  • Blown-In Insulation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,640 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Blinds
  • Solar Screens
  • Window Screens
  • Panel Doors
  • Living Room with Attached Deck

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Underground Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Assessor Parcel Number 007180081000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $240
  • Insurance Expense $1,200
  • Maintenance Expense $1,080
  • Pest Control $180
  • Trash Expense $900
  • Water Sewer Expense $1,920
  • New Taxes Expense $3,689
  • Operating Expense $9,209
  • Gross Income $44,280
  • Net Operating Income $34,628

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,689

Year Built

Built in 1985 | Remodeled

Lot Details

25 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 5.54
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1920.00
  • Zoning: CITY
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 007180081000
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Interior Amenities: Living Room Deck Attached, Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking, See Remarks
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 171.70
  • Window Features: Blinds, Screens, Solar Screens

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Other Structures: Storage
  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fencing: New Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Blown-In Insulation, Brick Veneer, Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Asphalt, Paved, Off Street, On Site, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Gas Water Heater, Refrigerator, Vented Exhaust Fan
  • Electric: Standard
  • Heating Type: Central, Natural Gas
  • Laundry Features: Dryer Included, In Closet, Stackable, Washer Included
  • Pest Control Expense: 180.00
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Near Public Transit, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 1089000.00
  • Lot Size Acres: 25.0000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 910 Square Feet
  • Electric Expense: 240.00
  • Gross Income: 44280.00
  • Gross Multiplier: 14.11
  • Gross Operating Income: 43837.00
  • Gross Scheduled Income: 44280.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 25.0000 Acres
  • Maintenance Expense: 1080.00
  • Net Operating Income: 34628.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 9209.00
  • Rent Control: No
  • Total Actual Rent: 3690.00
  • Total Expenses: 9209.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 3689.00
  • Tax Census Tract: 2.02
  • Tax Lot: 7
  • Tax Rate: 1.00
  • Tax Annual Amount: 3689.00
  • Tax Year: 2019

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

Closed on
Apr 14, 2022
Sold by
Genna Daniel B and Genna Jodi L
Bought by
Current Estimated Value
$690,516

Purchase Details

Listed on
Sep 11, 2019
Closed on
Oct 18, 2019
Sold by
Dahlberg David B and Dahlberg Jamie L
Bought by
Genna Daniel B and Genna Jodi L
Seller's Agent
Jonathan Minerick
Homecoin.com
Buyer's Agent
Steven Ziel
Pryde Realty
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.56%

Purchase Details

Closed on
Aug 23, 2017
Sold by
Dahlberg David B
Bought by
Dahlberg David B and Dahlberg Jamie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2017
Sold by
Proctor Patrick T
Bought by
Dahlberg David B and Dahlberg Jamie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2016
Sold by
Proctor Patrick Terrance
Bought by
Proctor Patrick T and The Proctor Yates Family Trust

Purchase Details

Closed on
Feb 16, 2007
Sold by
Archbold Kevin
Bought by
Proctor Patrick Terrance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2002
Sold by
Weir James Moffat
Bought by
Archbold Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.16%
Mortgage Type
Unknown
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
-- None Listed On Document
Genna Daniel B $625,000 Mid Valley Title & Escrow Co
Dahlberg David B -- Mid Valley Title & Escrow Co
Dahlberg David B $325,000 Mid Valley Title & Escrow Co
Proctor Patrick T -- None Available
Proctor Patrick Terrance $420,000 Fidelity Natl Title Co Of Ca
Proctor Patrick -- Fidelity Natl Title Co Of Ca
Archbold Kevin $292,000 Bidwell Title & Escrow Co
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
Previous Owner $243,000
Previous Owner Proctor Patrick Terrance $290,400
Previous Owner Proctor Patrick Terrance $289,000
Previous Owner Archbold Kevin $100,000
Previous Owner Archbold Kevin $90,000
Previous Owner Archbold Kevin $199,490
Previous Owner Weir James Moffat $107,000
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
10/29/2019 10/29/19 Sold $625,000 0.0% $172 / Sq Ft
09/18/2019 09/18/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $625,000 -- $172 / Sq Ft
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
2026 $6,940 $611,993 $228,731 $383,262
2025 $6,513 $600,002 $224,247 $375,755
2024 $6,513 $587,846 $219,850 $367,996
2023 $6,436 $576,721 $215,540 $361,181
2022 $6,333 $565,421 $211,314 $354,107
2021 $6,214 $554,343 $207,171 $347,172
2020 $6,196 $548,664 $205,047 $343,617
2019 $3,757 $331,480 $122,400 $209,080
2018 $3,689 $325,000 $120,000 $205,000
2017 $5,398 $476,800 $115,000 $361,800
2016 $3,660 $346,800 $115,000 $231,800
2015 $3,235 $301,800 $95,000 $206,800
2014 $3,114 $291,800 $90,000 $201,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19217151

California Regional Multiple Listing Service (CRMLS)

APN: 007-180-081-000

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