NOT LISTED FOR SALE

406 Nord Ave Chico, CA 95926

6 Beds
4 Baths
25,628 Sq Ft
1.15 Acres

Last Sold July 14, 2021

Last sale price $4,700,000 $183 Per Sq Ft

23 Days on Market

Highlights

  • No Units Above
  • Contemporary Architecture
  • No HOA
  • Chico Junior High School Rated A-
  • Property is near public transit
  • Neighborhood Views

About This Home

As of July 2021

19 units plus a managers unit with office. There are 8 two bedroom two bath units and 11 four bedroom two bath units. This property backs up to the university and its a short walk to campus and downtown. Full size washer and dryer in every unit and separate water, electric and gas meters for each unit. Seller built these units to be low maintenance. The parking lot is six inch concrete, 30 lb felt on the roofs and all of the buildings are stucco just to name a few extra things he did. This property has everything you would want, quality construction, location and pride of ownership.

Last Agent to Sell the Property

Jim Aguilar

Century 21 Select Real Estate, Inc. License #01862725 Listed on: 04/08/2021

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Ryan Vaught

Ryno Company License #01444141

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 1.15 Acre Lot
  • Property fronts a highway
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Fence is in good condition
  • Landscaped
  • Level Lot
  • Irregular Lot
  • Sprinklers on Timer
  • Density is 16-20 Units/Acre

Parking

  • 1 Car Garage
  • 15 Carport Spaces
  • Parking Available
  • Driveway Level
  • Parking Lot

Home Design

  • Contemporary Architecture
  • Apartment
  • Turnkey
  • Slab Foundation
  • Blown-In Insulation
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 25,628 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Neighborhood Views
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors swing in
  • Accessible Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, sewer, telephone, water
  • Tax Lot 9,10
  • Assessor Parcel Number 043230004000

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 19 Units

Building Details

  • 19 Leased Units
  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 21 Separate Water Meters
  • Electric Expense $2,442
  • Fuel Expense $20
  • Gardener Expense $7,200
  • Insurance Expense $4,965
  • Maintenance Expense $19,284
  • Pest Control $2,425
  • Professional Management Expense $31,373
  • Trash Expense $10,175
  • Water Sewer Expense $1,650
  • New Taxes Expense $49,731
  • Operating Expense $129,265
  • Gross Income $374,051
  • Net Operating Income $244,786

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 31373.00
  • Property Attached: Yes
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Resident Manager, Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1650.00
  • Zoning: C1
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 7200.00
  • Parcel Number: 043230004000
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 3
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Laminate
  • Accessibility Features: Doors - Swing In, Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 183.39
  • Room Type: Laundry, Living Room
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Good Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Blown-In Insulation, Concrete, Stucco

Garage/Parking

  • Carport Spaces: 15.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport, Concrete, Driveway Level, On Site, Parking Space
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Pest Control Expense: 2425.00
  • Sewer: Public Sewer
  • Trash Expense: 10175.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Landscaped, Level with Street, Lot Over 40000 Sqft, Irregular Lot, Level, Near Public Transit, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 50094.00
  • Lot Size Acres: 1.1500

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Sewer, Telephone, Water

Multi Family

  • Average2 Bed Area: 1040 Square Feet
  • Average3 Bed Area: 1508 Square Feet
  • Electric Expense: 2442.00
  • Fuel Expense: 20.00
  • Gross Income: 374051.00
  • Gross Scheduled Income: 374051.00
  • Insurance Expense: 4965.00
  • Lot Size Area: 50094.0000 Square Feet
  • Maintenance Expense: 19284.00
  • Net Operating Income: 244786.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 21
  • Number Of Units Leased: 19
  • Number Of Units Total: 19
  • Number With Dishwasher: 20
  • Number With Disposal: 20
  • Number With Range: 20
  • Number With Refrigerator: 20
  • Operating Expense: 129265.00
  • Rent Control: No
  • Total Actual Rent: 379200.00
  • Total Expenses: 129265.00

Tax Info

  • New Taxes Expense: 49731.00
  • Tax Census Tract: 5.02
  • Tax Lot: 9,10

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2021 07/14/21 Sold $4,700,000 -2.6% $183 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $4,825,000 -- $188 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jim Aguilar

    Century 21 Select Real Estate, Inc.

    Section Image
  • Ryan Vaught

    Buyer's Agent in 2021

    Ryan Vaught

    Ryno Company

    (530) 343-2959

    15 Total Sales

    Ryan Vaught
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21072553

California Regional Multiple Listing Service (CRMLS)

APN: 910-001-408-000

California Butte County Chico 95926

406 Nord Ave, Chico, CA

Not Listed for Sale

MultiFamily

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes