Seller's Agent in 2023
Ryan Vaught
Ryno Company
(530) 343-2959
3 in this area
14 Total Sales
377 E 7th Ave Chico, CA 95926
Chico Vecino Neighborhood
5
Beds
4
Baths
2,861
Sq Ft
9,148
Sq Ft Lot
Highlights
- Private Yard
- Double Pane Windows
- Laundry Room
- Chico Junior High School Rated A-
- Ductless Heating Or Cooling System
- Ceiling Fan
About This Home
As of January 2023Updated, clean and fully occupied 5 units in the heart of Chico, CA. This property consists of a 4 unit building consisting of all 1 bedroom units and a newly constructed detached 2 bedroom house. Combined income of all units is over $9300/month. One of the one bedroom units is a fully furnished short term rental unit with several years of documented income averaging $3000/month. The unfurnished 1 bedrooms are approx $1400/mo and the 2 bedroom house is leased for over 2K/month. All leases are month to month. This property is professionally managed and management is willing to stay on if desired. Additionally a private first mortgage is assumable for 450K at 5% for 20 years if desired. See virtual tour and included document package.
Co-Listed By
Lauren Kennedy
Ryno Company License #01957950
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963 | Remodeled
Lot Details
- 9,148 Sq Ft Lot
- Property fronts an alley
- 1 Common Wall
- Wrought Iron Fence
- Front Yard Sprinklers
- Private Yard
- Lawn
Home Design
- Property Attached
- Turnkey
- Raised Foundation
- Slab Foundation
- Fire Rated Drywall
- Cement Siding
Interior Spaces
- 2,861 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Double Pane Windows
- Laundry Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Parking Available
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Rain Gutters
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 1 / 35
- Assessor Parcel Number 003403012000
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $500
- Gardener Expense $1,800
- Insurance Expense $850
- Maintenance Expense $2,500
- Professional Management Expense $6,728
- Supplies Expense $1,200
- Trash Expense $1,200
- Water Sewer Expense $1,140
- Operating Expense $31,163
- Gross Income $112,140
- Net Operating Income $77,612
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/04/2023 01/04/23 | Sold | $1,200,000 | -7.3% | $419 / Sq Ft | |
| 12/05/2022 12/05/22 | Pending | -- | -- | -- | |
| 06/21/2022 06/21/22 | For Sale | $1,295,000 | +159.0% | $453 / Sq Ft | |
| 10/14/2020 10/14/20 | Sold | $500,000 | -9.1% | $237 / Sq Ft | View Prior Sale |
| 09/25/2020 09/25/20 | Pending | -- | -- | -- | |
| 09/04/2020 09/04/20 | Price Changed | $550,000 | -2.7% | $260 / Sq Ft | |
| 08/26/2020 08/26/20 | For Sale | $565,000 | -- | $268 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 | $13,522 | $1,247,752 | $260,100 | $987,652 |
| 2024 | $13,522 | $1,205,640 | $255,000 | $950,640 |
| 2023 | $6,987 | $626,200 | $182,070 | $444,130 |
| 2022 | $6,317 | $564,000 | $178,500 | $385,500 |
| 2021 | $5,651 | $504,000 | $175,000 | $329,000 |
| 2020 | $3,045 | $268,740 | $94,548 | $174,192 |
| 2019 | $2,991 | $263,550 | $92,695 | $170,855 |
| 2018 | $2,938 | $258,462 | $90,878 | $167,584 |
| 2017 | $2,878 | $253,474 | $89,097 | $164,377 |
| 2016 | $2,628 | $248,583 | $87,350 | $161,233 |
| 2015 | $2,629 | $244,910 | $86,038 | $158,872 |
| 2014 | $2,579 | $240,192 | $84,353 | $155,839 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Vaught
-
L
Seller Co-Listing Agent in 2023
Lauren Kennedy
Ryno Company
-
NoEmail NoEmail
N
Buyer's Agent in 2023
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,223 Total Sales
-
Sandy Stoner
Seller's Agent in 2020
Sandy Stoner
Century 21 Select Real Estate, Inc.
(530) 345-6618
8 in this area
66 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN22134807
APN: 003-403-012
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.
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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