NOT LISTED FOR SALE
6 Beds
4 Baths
2,750 Sq Ft
9,148 Sq Ft Lot

Sale Details

Date 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
  • Wall Furnace
  • Front Yard
  • Chico Junior High School Rated A-

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 in unit
  • 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

9,148 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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
2025 $7,856 $724,180 $175,099 $549,081
2024 $7,856 $709,981 $171,666 $538,315
2023 $7,597 $681,060 $168,300 $512,760
2022 $2,952 $262,573 $102,614 $159,959
2021 $2,896 $257,425 $100,602 $156,823
2020 $2,888 $254,786 $99,571 $155,215
2019 $2,836 $249,791 $97,619 $152,172
2018 $2,785 $244,894 $95,705 $149,189
2017 $2,727 $240,093 $93,829 $146,264
2016 $2,490 $235,387 $91,990 $143,397
2015 $2,490 $231,853 $90,609 $141,244
2014 $2,443 $227,313 $88,835 $138,478
Source: Public Records

Agents Affiliated with this Home

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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

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