S
Seller's Agent in 2022
Shan Srivastava
Marcus & Millichap
(909) 456-3410
1 in this area
8 Total Sales
390 Ash St Chico, CA 95928
South Campus NeighborhoodEstimated Value: $831,561 - $925,000
11
Beds
6
Baths
3,874
Sq Ft
$225/Sq Ft
Est. Value
About This Home
As of July 2022This four unit apartment complex is an exceptional investment opportunity with newer construction of two of the larger units in 1987. The other two units have been updated and remodeled in 2015-2017. Overall, the units are considered to be in good condition. Continuous upkeep and pride of ownership is apparent. The unit mix offers the prospective owner the ability to rent on a per bedroom basis considering the close proximity to the campus. Oriented on a corner, the property benefits from having good street parking and four on-site open concrete spaces. The building is comprised of wood frame construction with the newer addition two stories. The roof is newer composition replaced in 2017 and the property in built on a slab foundation. The property features a shared laundry room with coin operated washer/dryer. The units feature central heating and air-conditioning, newer carpeting replaced in 2020 and newer appliances replaced as needed.
The subject property offers an investor the ability to capitalize on positive population growth in the area with minimal new housing starts and location in a city influenced by California State University, Chico.
Current rents are below comparable units in the market leaving an opportunity to move rents to market levels.
Last Agent to Sell the Property
Marcus & Millichap License #01734411 Listed on: 04/13/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,688
Year Built
- Built in 1987
Lot Details
- 8,276 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 3,874 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Electric Dryer Hookup
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Listing and Financial Details
- Legal Lot and Block 7,8 / 5
- Assessor Parcel Number 004102005000
- $672 per year additional tax assessments
Community Details
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,000
- Fuel Expense $300
- Insurance Expense $1,621
- Trash Expense $727
- Water Sewer Expense $1,000
- New Taxes Expense $9,552
- Operating Expense $28,089
- Gross Income $69,840
- Net Operating Income $35,931
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2022
Closed on
Jul 5, 2022
Sold by
Campos Properties Limited Partnership
Bought by
Larsen Trenton
Seller's Agent
Shan Srivastava
Marcus & Millichap
Buyer's Agent
Dustin Cheatham
Upside Real Estate
List Price
$875,000
Sold Price
$855,000
Premium/Discount to List
-$20,000
-2.29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,640
Avg. Annual Appreciation
0.60%
Original Mortgage
$641,250
Outstanding Balance
$611,895
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$259,745
Purchase Details
Closed on
Dec 17, 2019
Sold by
Collar Lynne and The Lynne Collar Revocable Tru
Bought by
Campos Properties Limited Partnership
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Dec 4, 2019
Sold by
Campos Michael D and Campos Nancy J
Bought by
Campos Properties Limited Partnership
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jun 25, 2018
Sold by
Collar Lynne M and Collar Lynne
Bought by
Collar Lynne and The Lynne Collar Revocable Trust
Purchase Details
Closed on
May 25, 2018
Sold by
Collar Lynne M and Campos Christopher James
Bought by
Collar Lynne M
Purchase Details
Closed on
Dec 17, 2015
Sold by
Campos Michael D and Campos Nancy
Bought by
The Mike & Nancy Campos Family Trust
Purchase Details
Listed on
Jun 21, 2015
Closed on
Sep 30, 2015
Sold by
Bleakly Timothy A and Bleakly Jennifer A
Bought by
Campos Michael D and Campos Nancy
Seller's Agent
Lee Jones
LKJ Realty Inc.
Buyer's Agent
Lee Jones
LKJ Realty Inc.
List Price
$499,900
Sold Price
$435,000
Premium/Discount to List
-$64,900
-12.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$326,250
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 5, 2006
Sold by
Weissinger Rochanah and The Izabella L Ositis Revocabl
Bought by
Bleakly Timothy A and Bleakly Jennifer A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Mar 17, 1998
Sold by
Ositis Izabella
Bought by
Ositis Izabella L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Larsen Trenton | $855,000 | New Title Company Name | |
| Campos Properties Limited Partnership | $1,256,500 | None Available | |
| Campos Properties Limited Partnership | -- | None Available | |
| Campos Michael D | -- | None Available | |
| Collar Lynne | -- | None Available | |
| Collar Lynne M | -- | None Available | |
| The Mike & Nancy Campos Family Trust | -- | Mid Valley Title & Escrow Co | |
| Campos Michael D | $435,000 | Mid Valley Title & Escrow Co | |
| Bleakly Timothy A | $513,409 | Fidelity Natl Title Co Of Ca | |
| Ositis Izabella L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Larsen Trenton | $641,250 | |
| Previous Owner | Campos Michael D | $326,250 | |
| Previous Owner | Bleakly Timothy A | $365,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2022 07/07/22 | Sold | $855,000 | 0.0% | $221 / Sq Ft |
| 06/07/2022 06/07/22 | Pending | -- | -- | -- |
| 05/26/2022 05/26/22 | Price Changed | $855,000 | -2.3% | $221 / Sq Ft |
| 04/13/2022 04/13/22 | For Sale | $875,000 | +101.1% | $226 / Sq Ft |
| 10/08/2015 10/08/15 | Sold | $435,000 | -13.0% | $112 / Sq Ft |
| 09/06/2015 09/06/15 | Pending | -- | -- | -- |
| 06/21/2015 06/21/15 | For Sale | $499,900 | -- | $128 / 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 | $9,688 | $893,542 | $218,484 | $675,058 |
| 2024 | $9,688 | $872,100 | $214,200 | $657,900 |
| 2023 | $9,574 | $859,000 | $210,000 | $649,000 |
| 2022 | $6,346 | $566,614 | $176,414 | $390,200 |
| 2021 | $6,228 | $555,583 | $172,955 | $382,628 |
| 2020 | $5,366 | $474,856 | $162,364 | $312,492 |
| 2019 | $5,269 | $465,625 | $159,181 | $306,444 |
| 2018 | $5,174 | $456,574 | $156,060 | $300,514 |
| 2017 | $5,069 | $447,700 | $153,000 | $294,700 |
| 2016 | $4,628 | $439,000 | $150,000 | $289,000 |
| 2015 | $5,231 | $489,000 | $130,000 | $359,000 |
| 2014 | $3,509 | $329,000 | $105,000 | $224,000 |
Source: Public Records
Agents Affiliated with this Home
-
Shan Srivastava
-
Dustin Cheatham
Buyer's Agent in 2022
Dustin Cheatham
Upside Real Estate
(530) 298-8205
1 in this area
95 Total Sales
-
Lee Jones
Seller's Agent in 2015
Lee Jones
LKJ Realty Inc.
(530) 809-3762
73 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OR22074316
APN: 004-102-005-000
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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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