Seller's Agent in 2025
Alisha Simpkins
Keller Williams Realty Chico Area
(530) 354-4244
280 Total Sales
6
Beds
3
Baths
3,484
Sq Ft
0.29
Acres
Highlights
- Property is near public transit
- Wooded Lot
- No HOA
- Bidwell Junior High School Rated A-
- Lawn
- Neighborhood Views
About This Home
As of February 2025Welcome to your next great investment! This centrally located four-unit property offers incredible income potential and peace of mind, even with a unit vacant. Each unit is approximately 900 sq. ft, featuring 2 bedrooms and 1 bathroom, and rents for approximately $1,150 per month. With rental income that can cover your mortgage even if one unit is unoccupied, this property is a smart additional to any portfolio! Unit 1 has been recently updated with laminate wood flooring in the kitchen, fresh interior paint, plush carpet, and an updated bathroom featuring a brand-new shower/tub. The other units also feature updates throughout. Beyond rental income, this property includes an on-site laundry room with coin-operated machines, providing an additional revenue stream. On-site parking is available for all tenants, offering added convenience. This property is connected to City Sewer, features a newer roof, and has a history of long-term tenants. Centrally located with easy freeway access, close to schools, shopping and local amenities, this property is a gem that offers both convenience and profitability. Whether you're a seasoned investor or looking to begin building your portfolio, this 4-plex offers a rare opportunity in the heart of Chico! Schedule your showing today and start earning!
Last Agent to Sell the Property
Keller Williams Realty Chico Area Brokerage Phone: 530-354-4244 License #01772692 Listed on: 01/22/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 0.29 Acre Lot
- Two or More Common Walls
- Partially Fenced Property
- Chain Link Fence
- Rectangular Lot
- Level Lot
- Wooded Lot
- Lawn
Home Design
- Quadruplex
- Entry on the 1st floor
- Slab Foundation
- Composition Roof
Interior Spaces
- 3,484 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Blinds
- Window Screens
- Sliding Doors
- Living Room
- Living Room Balcony
- Storage
- Neighborhood Views
Kitchen
- Electric Oven
- Self-Cleaning Oven
- Electric Range
- Free-Standing Range
- Range Hood
- Recirculated Exhaust Fan
- Laminate Countertops
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Washer
- 220 Volts In Laundry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Driveway Level
- Paved Parking
- Parking Lot
- Off-Street Parking
- Unassigned Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection, water
- Tax Lot 9
- Assessor Parcel Number 006290009000
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $242
- Maintenance Expense $4,805
- Professional Management Expense $4,649
- Operating Expense $9,696
- Gross Income $53,280
- Net Operating Income $46,459
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2025
Closed on
Feb 7, 2025
Sold by
Lofgren Family Trust and Lofgren Bruce A
Bought by
Mitchell F And Amanda E Miller Family Trust and Miller
Seller's Agent
Alisha Simpkins
Keller Williams Realty Chico Area
Buyer's Agent
Brandi Laffins
Re/Max of Chico
List Price
$525,000
Sold Price
$580,000
Premium/Discount to List
$55,000
10.48%
Views
25
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
$47,171
Avg. Annual Appreciation
8.22%
Purchase Details
Closed on
Aug 16, 2018
Sold by
Lofgren Bruce A and Lofgren Mildred J
Bought by
Lofgren Bruce A and Lofgren Mildred J
Purchase Details
Closed on
Jan 21, 1997
Sold by
Weir Thurlow T and Weir Patricia A
Bought by
Lofgren Mildred J and Lofgren Bruce A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.58%
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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $580,000 | Mid Valley Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $160,000 | Mid Valley Title & Escrow Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $112,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/18/2025 02/18/25 | Sold | $580,000 | +10.5% | $166 / Sq Ft |
| 01/25/2025 01/25/25 | Pending | -- | -- | -- |
| 01/22/2025 01/22/25 | For Sale | $525,000 | -- | $151 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $2,829 | $259,302 | $94,449 | $164,853 |
| 2024 | $2,829 | $252,258 | $92,598 | $159,660 |
| 2023 | $2,796 | $249,313 | $90,783 | $158,530 |
| 2022 | $2,750 | $244,464 | $89,003 | $155,461 |
| 2021 | $2,699 | $239,710 | $87,258 | $152,452 |
| 2020 | $2,691 | $237,274 | $86,364 | $150,910 |
| 2019 | $2,643 | $232,662 | $84,671 | $147,991 |
| 2018 | $2,595 | $228,140 | $83,011 | $145,129 |
| 2017 | $2,542 | $223,707 | $81,384 | $142,323 |
| 2016 | $2,321 | $219,361 | $79,789 | $139,572 |
| 2015 | $2,322 | $216,097 | $78,591 | $137,506 |
| 2014 | $2,279 | $211,904 | $77,052 | $134,852 |
Source: Public Records
Agents Affiliated with this Home
-
Alisha Simpkins
-
Brandi Laffins
Buyer's Agent in 2025
Brandi Laffins
RE/MAX
(530) 321-9562
148 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN25015903
APN: 006-290-009-000
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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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