NOT LISTED FOR SALE
7 Beds
3 Baths
2,460 Sq Ft
1 Acres

Last Sold August 03, 2021

Last sale price $679,000 $276 Per Sq Ft

9 Days on Market

Highlights

  • 1 Acre Lot
  • Wood Flooring
  • Neighborhood Views
  • Chico Junior High School Rated A-
  • No HOA
  • Double Pane Windows

About This Home

As of August 2021

Turn key investment! Huge 1 acre lot in town with a duplex in the front of the property that has two 2 bed 1 bath units and another building that is a 3 bed 1 bath. The units have been renovated between 2014-2021. Renovations include all new roofs, HVAC units, dual pane windows, front and rear entry doors and lighting, exterior and interior paint, water heaters in units B and C, grounded electrical in units A & B, new kitchen cabinets, appliances, countertops, sinks and faucets, new kitchen flooring in units A & B, replaced all tub/shower areas and installed new tile, new toilets, bathroom floors, new cabinets, sinks, faucets and mirrors, the existing hardwood flooring was refinished... the list goes on and on. Each unit has a washer and a dryer, private outside area, and tons of parking. Live in one and rent out the others, or rent them all out. Great rental income. Development potential. There is lots of room in the back of the property for the potential of infill building. Take a look at the Matterport virtual tours of the units to get a feel for the layout.

Last Agent to Sell the Property

Emmett Jacobi

Century 21 Select Real Estate, Inc. License #01896904 Listed on: 06/16/2021

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Sandi Bauman

Chico Homes License #01460929

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 1 Acre Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 12 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Triplex
  • Turnkey
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,460 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Neighborhood Views
  • Gas Cooktop

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Outbuilding
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Water Heater
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 48
  • Assessor Parcel Number 003580017000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,604
  • Maintenance Expense $3,141
  • Professional Management Expense $4,385
  • Trash Expense $650
  • Water Sewer Expense $801
  • New Taxes Expense $6,790
  • Operating Expense $14,340
  • Gross Income $48,924
  • Net Operating Income $34,584

Property Details

Home Type

Multi-Family

Year Built

Built in 1958 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 4385.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • View: Yes
  • Water Sewer Expenses: 801.00
  • Zoning: SR
  • Architectural Style: Ranch
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 003580017000
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Vinyl, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 276.02
  • Room Type: All Bedrooms Down, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Outbuilding
  • Exterior Features: Barbecue Private
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Lap Siding, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 12.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Water Heater
  • Heating Type: Central, Natural Gas
  • Laundry Features: In Kitchen
  • Sewer: Conventional Septic
  • Trash Expense: 650.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 43560.00
  • Lot Size Acres: 1.0000

Multi Family

  • Gross Income: 48924.00
  • Gross Scheduled Income: 48924.00
  • Insurance Expense: 1604.00
  • Lot Size Area: 43560.0000 Square Feet
  • Maintenance Expense: 3141.00
  • Net Operating Income: 34584.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 14340.00
  • Rent Control: Yes
  • Total Expenses: 14340.00

Tax Info

  • New Taxes Expense: 6790.00
  • Tax Census Tract: 6.01
  • Tax Lot: 48

Range of Values:

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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
08/03/2021 08/03/21 Sold $679,000 0.0% $276 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $679,000 +142.5% $276 / Sq Ft
07/23/2014 07/23/14 Sold $280,000 -16.4% $114 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
05/29/2014 05/29/14 For Sale $335,000 -- $136 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21129888

California Regional Multiple Listing Service (CRMLS)