NOT LISTED FOR SALE

3 Berkeley Ln Chico, CA 95926

8 Beds
8 Baths
3,082 Sq Ft
0.26 Acres

Last Sold September 28, 2023

Last sale price $850,000 $276 Per Sq Ft

8 Days on Market

Highlights

  • No Units Above
  • Midcentury Modern Architecture
  • No HOA
  • Neal Dow Elementary School Rated A-
  • Property is near a park
  • Cul-De-Sac

About This Home

As of September 2023

This investment opportunity includes 2 duplexes on 2 parcels that have never been offered for sale before! These mid century modern units have been well maintained and the roofs/gutters have been recently replaced. You can't beat this location which is close to the park, shopping and schools! Each unit is a 2 bedroom, 2 bath and comes with an attached 2 car garage. All units are rented with long term tenants!. The only shared wall is the garage so all tenants have the privacy of a single family residence. Don't miss out on this great investment opportunity, schedule your tour today!

Last Agent to Sell the Property

Jessica Henman

Bill Chance Realty License #01920472 Listed on: 08/04/2023

Co-Listed By

Bill Chance

Bill Chance Realty License #00969209

Last Buyer's Agent

Lora Trenner

Re/Max Home and Investment License #01959391

Re/Max Home and Investment

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 0.26 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Cul-De-Sac
  • 003491043000

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Midcentury Modern Architecture
  • Entry on the 1st floor

Interior Spaces

  • 3,082 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Property is near a park
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 003491044000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $4,000
  • Water Sewer Expense $2,400
  • Operating Expense $6,400
  • Gross Income $49,812
  • Net Operating Income $39,512

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: R2
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 003491044000
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 275.79
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Heating Type: Central
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 003491043000
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Park Nearby
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600

Multi Family

  • Gross Income: 49812.00
  • Gross Scheduled Income: 49812.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 11326.0000 Square Feet
  • Net Operating Income: 39512.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 10300.00
  • Rent Control: No
  • Total Expenses: 6400.00

Tax Info

  • Tax Census Tract: 7.00

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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List Price
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 List to Sale Price per Sq Ft
09/28/2023 09/28/23 Sold $850,000 -2.6% $276 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $873,000 -- $283 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jessica Henman

    Bill Chance Realty

    (530) 520-3109

    28 Total Sales

    Jessica Henman
    Section Image
  • Bill Chance

    Seller Co-Listing Agent in 2023

    Bill Chance

    Bill Chance Realty

    (530) 343-7085

    35 Total Sales

    Bill Chance
    Section Image
  • Lora Trenner

    Buyer's Agent in 2023

    Lora Trenner

    RE/MAX

    (530) 228-9356

    132 Total Sales

    Lora Trenner
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23142774

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95926

3 Berkeley Ln, Chico, CA

Not Listed for Sale

MultiFamily

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