Great investment opportunity to own a very nice well maintained 4-plex in Chico. Four one bedroom studio apartments are in high demand in the rental market. Each unit has living room, kitchen, bedroom & bathroom. Onsite laundry room with coin-op maintained by Wash, one off street parking for each unit, and a small storage closet with each unit.
Last Agent to Sell the Property
Kimberly Higby
BPS PropertiesLicense #01276246Listed on: 01/26/2016
Last Buyer's Agent
Lori Akers
License #01081260
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$5,105
Year Built
Built in 1954
Lot Details
0.28 Acre Lot
Two or More Common Walls
Partially Fenced Property
Corner Lot
Home Design
Contemporary Architecture
Property Attached
Turnkey
Slab Foundation
Composition Roof
Wood Siding
Interior Spaces
2,400 Sq Ft Home
1-Story Property
Ceiling Fan
Double Pane Windows
Living Room
Neighborhood Views
Gas Cooktop
Flooring
Carpet
Tile
Bedrooms and Bathrooms
1 Bedroom
1 Bathroom
Laundry
Laundry Room
Leased Washer and Dryer
220 Volts In Laundry
Parking
4 Parking Spaces
Parking Available
Assigned Parking
Accessible Home Design
No Interior Steps
Outdoor Features
Exterior Lighting
Outdoor Storage
Utilities
Cooling System Mounted To A Wall/Window
Wall Furnace
220 Volts in Kitchen
Listing and Financial Details
Tenant pays for electricity, gas
Assessor Parcel Number 006350034000
Community Details
Building Details
4 Leased Units
5 Separate Electric Meters
5 Separate Gas Meters
1 Separate Water Meter
Electric Expense $43
Gardener Expense $822
Insurance Expense $1,300
Other Expense $1,200
Trash Expense $962
Water Sewer Expense $2,042
New Taxes Expense $3,227
Gross Income $2,600
Net Operating Income $18,839
Additional Features
4 Units
Laundry Facilities
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$5,105
Year Built
Built in 1954
Lot Details
0
Listing Details
Other Phone Description: (530) 682-1668
Other Phone Number: 530-682-1668
Property Attached: Yes
Road Frontage Type: City Street
View: Yes
Water Sewer Expenses: 2042.00
Architectural Style: Contemporary
Property Condition: Turnkey
Property Type: Residential Income
Gardener Expense: 822.00
Parcel Number: 006350034000
Year Built: 1954
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Fireplace: No
Interior Amenities: Ceiling Fan(s)
Stories: 1
Entry Location: Ground Level No Steps,Living Room
Common Walls: 2+ Common Walls
Flooring: Carpet, Tile
Accessibility Features: No Interior Steps
Appliances: Yes
Levels: One
Price Per Square Foot: 136.77
Room Type: All Bedrooms Down, Living Room
Window Features: Double Pane Windows
Exterior Features
Foundation: Slab
Other Structures: Storage
View: Neighborhood
Fencing: Partial
Pool Private: No
Roof: Composition
Spa: No
Construction Materials: Wood Siding
Garage/Parking
Parking: Yes
Parking Features: Assigned
Total Parking Spaces: 4.00
Utilities
Utilities: Natural Gas Available, Sewer Connected, Water Connected
Heating: Yes
Laundry: Yes
Appliances: Gas Cooktop, Refrigerator
Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Electricity - On Property
Heating Type: Wall Furnace
Laundry Features: Community
Trash Expense: 962.00
Water Source: Public
Cooling: Wall/Window Unit(s)
Cooling: Yes
Condo/Co-op/Association
Senior Community: No
Community Features: Sidewalks, Street Lights
Lot Info
Lot Features: Corner Lot
Lot Size Sq Ft: 12197.00
Price Per Lot Square Foot: 26.91
Lot Size Acres: 0.2800
Rental Info
Tenant Pays: Electricity, Gas
Multi Family
Electric Expense: 43.00
Gross Income: 2600.00
Gross Scheduled Income: 28478.00
Insurance Expense: 1300.00
Laundry Equipment Own Lease: Lease
Lot Size Area: 12197.0000 Square Feet
Net Operating Income: 18839.00
Number Of Separate Electric Meters: 5
Number Of Separate Gas Meters: 5
Number Of Separate Water Meters: 1
Number Of Units Leased: 4
Number Of Units Total: 4
Number Wall A C: 4
Number With Range: 4
Number With Refrigerator: 4
Operating Expense: 9639.00
Other Expense: 1200.00
Other Expense Description: Cleaning
Rent Control: No
Total Actual Rent: 2600.00
Tax Info
New Taxes Expense: 3227.00
Ownership History
DateNameOwned ForOwner Type
Jun 2019 - PresentGaul James W and Gaul Julie A6 Years
Private Individual
Purchase Details
Closed on
Jun 6, 2019
Sold by
Gaul James W and Gaul Julie A
Bought by
Gaul James W and Gaul Julie A
Total Days on Market
21
Current Estimated Value
$590,045
Jun 2018 - Jun 2019Gaul James W and Gaul Julie A1 Year
Private Individual
Purchase Details
Listed on
Apr 3, 2018
Closed on
Jun 13, 2018
Sold by
El Gato Properties 2 Llc
Bought by
Gaul James W and Gaul Julie A
Seller's Agent
Lori Akers
Parkway Real Estate Co.
Buyer's Agent
Daniel Bosch
Re/Max of Chico
List Price
$395,000
Sold Price
$411,500
Premium/Discount to List
$16,500
4.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.32%
Original Mortgage
$308,625
Interest Rate
4.5%
Mortgage Type
New Conventional
Jun 2016 - Jun 2018Gato Properties Llc2 Years
Company
Purchase Details
Closed on
Jun 29, 2016
Sold by
Weiner Mark A and Weiner Sue M
Bought by
Gato Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Apr 2016 - Jun 2016Weiner Mark and Weiner Sue2 Months
Private Individual
Purchase Details
Listed on
Jan 26, 2016
Closed on
Apr 4, 2016
Sold by
Darrow Kevin E and Darrow Carleen Frances
Bought by
Weiner Mark and Weiner Sue
Seller's Agent
Kimberly Higby
BPS Properties
Buyer's Agent
Lori Akers
List Price
$329,000
Sold Price
$328,250
Premium/Discount to List
-$750
-0.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%
Mar 2016 - Apr 2016Darrow Robert L and Darrow Patricia L1 Month
Private Individual
Purchase Details
Listed on
Jan 26, 2016
Closed on
Mar 28, 2016
Sold by
Darrow Kevin E and Darrow Robert Lee
Bought by
Darrow Robert L and Darrow Patricia L
Seller's Agent
Kimberly Higby
BPS Properties
Buyer's Agent
Lori Akers
List Price
$329,000
Sold Price
$328,250
Premium/Discount to List
-$750
-0.23%
May 2011 - Mar 2016Darrow Robert L and Darrow Patricia L4 Years and 10 Months
Private Individual
Purchase Details
Closed on
May 26, 2011
Sold by
Darrow Robert L and Darrow Patricia L
Bought by
Darrow Robert L and Darrow Patricia L
Jul 2009 - May 2011Darrow Robert L and Darrow Patricia L1 Year and 10 Months
Private Individual
Purchase Details
Closed on
Jul 15, 2009
Sold by
Darrow Robert L and Darrow Patricia L
Bought by
Darrow Robert L and Darrow Patricia L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,100
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
May 2009 - Jul 2009Darrow Robert L and Darrow Patricia L2 Months
Private Individual
Purchase Details
Closed on
May 19, 2009
Sold by
Nord Jim and Estate Of Michael Sheridan
Bought by
Darrow Robert L and Darrow Patricia L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,100
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Oct 2005 - May 2009Sheridan Michael Lee3 Years and 7 Months
Private Individual
Purchase Details
Closed on
Oct 7, 2005
Sold by
Steinsiek Donald and Steinsiek Annabel
Bought by
Sheridan Michael Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac
Dec 2003 - Oct 2005Steinsiek Donald1 Year and 10 Months
Private Individual
Purchase Details
Closed on
Dec 17, 2003
Sold by
Steinsiek Donald and Steinsiek Annabel
Bought by
Steinsiek Donald
Mar 2003 - Dec 2003Silacci Steve9 Months
Private Individual
Purchase Details
Closed on
Mar 19, 2003
Sold by
Silacci Steve and Silacci Ann
Bought by
Silacci Steve
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,800
Interest Rate
5.79%
Feb 2002 - Mar 2003Silacci Steve1 Year and 1 Month
Cozy 3-Bedroom Home on Quiet Cul-de-Sac. Great Location! Tucked away on a peaceful cul-de-sac, this 2 or 3 bedroom, 2 bathroom home offers a fantastic opportunity for buyers looking to personalize their space. Featuring a functional layout and solid structure, the home is ideal for those ready to bring their own vision and updates. Located just minutes from top-rated schools, shopping centers,
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Average Value
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List Price
Sold Price
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Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 2837 Esplanade, Chico, CA 95973 and is currently priced at $328,250, approximately $136 per square foot. This property was built in 1954. 2837 Esplanade is a home located in Butte County with nearby schools including Emma Wilson Elementary School, Chico Junior High School, and Chico High School.
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