$535,000

40 Coral Cir Chico, CA 95973

Estimated payment $3,173/month

Total Views 990
1 Bed
1 Bath
2,285 Sq Ft
$234 Price per Sq Ft

Highlights

  • Fishing
  • Contemporary Architecture
  • Double Pane Windows
  • Bidwell Junior High School Rated A-
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

Four 1-bedroom units in this great 4plex. Rents quickly, Tenants will stay for more than 1 year reducing turnover cost. The property is located in a quiet Cul-De-Sac with very little traffic. Each unit has a gas meter and an electric meter. Landlord pays garbage @$87/month, and the complex has 1 water meter and the water heater with gas meter @ $200/month Insurance is $3000/year. This is a great property to start to build your retirement with.

Listing Agent

John Wallace

Century 21 Select Real Estate, Inc. Brokerage Phone: 530-514-2405 License #01110326 Listed on: 08/01/2025

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,930

Year Built

  • Built in 1971

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is 16-20 Units/Acre

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,285 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Kitchen

  • Built-In Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • Carport
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Natural Gas Connected

Additional Features

  • Rain Gutters
  • Urban Location

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 007290008000
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Mountainous Community

Recreation

  • Fishing
  • Hunting
  • Dog Park
  • Water Sports

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $150
  • Insurance Expense $3,000
  • Trash Expense $1,044
  • Water Sewer Expense $2,500
  • New Taxes Expense $5,350
  • Operating Expense $11,794
  • Gross Income $42,300
  • Net Operating Income $30,506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,930

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 133750
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2500.00
  • Zoning: R3
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 007290008000
  • Year Built: 1971
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 234.14
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Built-In Range, Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1044.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Fishing, Gutters, Hunting, Watersports, Mountainous, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000
  • Latitude Manual: 39.76971500

Rental Info

  • Tenant Pays: All Utilities, Cable TV

Multi Family

  • Average1 Bed Area: 580 Square Feet
  • Electric Expense: 150.00
  • Gross Income: 42300.00
  • Gross Operating Income: 42300.00
  • Gross Scheduled Income: 42300.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 13068.0000 Square Feet
  • Net Operating Income: 30506.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 11794.00
  • Rent Control: No
  • Total Expenses: 11794.00

Tax Info

  • New Taxes Expense: 5350.00
  • Tax Census Tract: 2.02
  • Tax Lot: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $2,930 $189,688 $91,352 $98,336
2024 $2,930 $184,009 $89,561 $94,448
2023 $2,906 $182,402 $87,805 $94,597
2022 $2,871 $178,866 $86,084 $92,782
2021 $2,834 $175,399 $84,397 $91,002
2020 $2,829 $173,622 $83,532 $90,090
2019 $2,793 $170,258 $81,895 $88,363
2018 $1,905 $166,960 $80,290 $86,670
2017 $1,865 $163,726 $78,716 $85,010
2016 $1,704 $160,556 $77,173 $83,383
2015 $1,704 $158,175 $76,014 $82,161
2014 $1,677 $155,116 $74,525 $80,591
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $535,000 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Mid Valley Title & Escrow Co
Interfamily Deed Transfer -- Mid Valley Title & Escrow Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $136,500 Purchase Money Mortgage
Closed $136,050 Unknown
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25172538

California Regional Multiple Listing Service (CRMLS)

APN: 007-290-008-000