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

Sale Details

Date 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
  • Wall Furnace
  • Chico Junior High School Rated A-
  • Landscaped

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

  • 16,553 Sq Ft 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 in unit
  • 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

0.38 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2022
Sold by
Bought by

Purchase Details

Listed on
Oct 29, 2020
Closed on
Dec 28, 2020
Sold by
Bought by
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Rob Haley
Keller Williams Realty Chico Area
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
0.027%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 4, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 19, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 13, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
0.0362%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2011
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Richard D Hardin Inc
$1,600,000 Mid Valley Title
-- None Available
-- Mid Valley Title & Escrow Co
$725,000 Fidelity Natl Title Co Of Ca
-- Fidelity Natl Title Co Of Ca
-- Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,200,000
Previous Owner $109,206
Previous Owner $142,461
Previous Owner $729,750
Previous Owner $126,000
Previous Owner $152,500
Previous Owner $152,500
Previous Owner $500,000
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,987 $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)
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