NOT LISTED FOR SALE

286 E 8th Ave Chico, CA 95926

Chico Vecino Neighborhood
6 Beds
4 Baths
2,750 Sq Ft
9,148 Sq Ft Lot

Last Sold June 29, 2022

Last sale price $653,205 $238 Per Sq Ft

9 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Front Yard
  • Chico Junior High School Rated A-
  • Wall Furnace

About This Home

As of June 2022

Irresistible investment opportunity! In a prime location just a few blocks off the Esplanade, on the corner of 8th Avenue & Laburnum Avenue, two duplexes create an inviting garden community of 4 units; (2) two bedroom/ 1 bath units, & (2) one bedroom/ 1 bath units. Commodious units feature several updates, and residents enjoy the simplicity of walking and biking in the heart of Chico to local coffee shops & restaurants. All units were updated with energy efficient windows in 2020, and a new roof was installed on the west building. Property was connected to city sewer in 2017. These units have a solid rental history, and would be an appealing addition to any investment portfolio.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 05/04/2022

Re/Max of Chico

Last Buyer's Agent

Casey Smyth

NextHome North Valley Realty License #01941937

NextHome North Valley Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • 2,750 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 4 / 42
  • Assessor Parcel Number 003392007000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $363
  • Insurance Expense $2,000
  • Trash Expense $801
  • Water Sewer Expense $2,137
  • New Taxes Expense $7,305
  • Operating Expense $12,606
  • Gross Income $4,035
  • Net Operating Income $36,814

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 162250
  • Property Attached: Yes
  • Water Sewer Expenses: 2137.00
  • Zoning: R1
  • Property Type: Residential Income
  • Parcel Number: 003392007000
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 237.53

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 801.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Electric Expense: 363.00
  • Gross Income: 4035.00
  • Gross Scheduled Income: 49420.00
  • Insurance Expense: 2000.00
  • Laundry Income: 1000.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 36814.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 12606.00
  • Rent Control: Yes
  • Total Expenses: 12606.00

Tax Info

  • New Taxes Expense: 7305.00
  • Tax Block: 42
  • Tax Census Tract: 7.00
  • Tax Lot: 4

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $653,205 +0.6% $238 / Sq Ft
05/04/2022 05/04/22 For Sale $649,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steven Depa

    Seller's Agent in 2022

    Steven Depa

    RE/MAX

    (530) 520-8672

    22 in this area

    143 Total Sales

    Steven Depa
    Section Image

  • C

    Buyer's Agent in 2022

    Casey Smyth

    NextHome North Valley Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22091245

California Regional Multiple Listing Service (CRMLS)

APN: 003-392-007

California Butte County Chico 95926 Chico Vecino

286 E 8th Ave, Chico, CA

This home is located at 286 E 8th Ave, Chico, CA 95926 since 04 May 2022. This property was built in 1951. 286 E 8th Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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