NOT LISTED FOR SALE
18 Beds
10 Baths
7,486 Sq Ft
0.38 Acres

Last Sold December 30, 2020

Last sale price $1,600,000 $214 Per Sq Ft

13 Days on Market

Highlights

  • 0.38 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Chico Junior High School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of December 2020

Great unit mix, six large 1 bedrooms and four 3 three bedroom units in the most desirable college housing location. Just a short
distance from CSU Chico and downtown dining and entertainment. Great occupancy numbers with low expenses this apartment
project an ideal investment for a new or seasoned investor.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 10/29/2020

Re/Max of Chico

Last Buyer's Agent

Rob Haley

Keller Williams Realty Chico Area License #01952160

Keller Williams Realty Chico Area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • 7,486 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 7,8 / 75
  • Assessor Parcel Number 004117001000

Community Details

Building Details

  • 10 Leased Units
  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,467
  • Insurance Expense $5,564
  • Maintenance Expense $13,725
  • Professional Management Expense $8,616
  • Trash Expense $3,525
  • Water Sewer Expense $5,063
  • New Taxes Expense $18,150
  • Operating Expense $56,110
  • Gross Income $12,765
  • Net Operating Income $96,506

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 8616.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5063.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 004117001000
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 213.73

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3525.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 16553.00
  • Lot Size Acres: 0.3800

Multi Family

  • Electric Expense: 1467.00
  • Gross Income: 12765.00
  • Gross Operating Income: 152616.00
  • Gross Scheduled Income: 155680.00
  • Insurance Expense: 5564.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2500.00
  • Lot Size Area: 16553.0000 Square Feet
  • Maintenance Expense: 13725.00
  • Net Operating Income: 96506.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 56110.00
  • Rent Control: Yes
  • Total Actual Rent: 12765.00
  • Total Expenses: 56110.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 18150.00
  • Tax Block: 75
  • Tax Census Tract: 10.00
  • Tax Lot: 7,8

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
12/30/2020 12/30/20 Sold $1,600,000 -3.0% $214 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $1,650,000 -- $220 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $18,781 $1,731,601 $324,729 $1,406,872
2024 $18,781 $1,694,217 $318,362 $1,375,855
2023 $18,561 $1,664,498 $312,120 $1,352,378
2022 $18,265 $1,631,930 $306,000 $1,325,930
2021 $17,922 $1,600,000 $300,000 $1,300,000
2020 $9,237 $816,455 $225,195 $591,260
2019 $9,071 $800,516 $220,780 $579,736
2018 $8,906 $784,889 $216,451 $568,438
2017 $8,724 $769,568 $212,207 $557,361
2016 $7,964 $754,548 $208,047 $546,501
2015 $7,965 $743,267 $204,922 $538,345
2014 $7,774 $728,777 $200,908 $527,869
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20228299

California Regional Multiple Listing Service (CRMLS)