NOT LISTED FOR SALE

Estimated Value: $686,208 - $756,000

8 Beds
4 Baths
4,167 Sq Ft
$175/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $680,000 $163 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,381/month

54 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Level Lot
  • Chico Junior High School Rated A-
  • Central Heating

About This Home

As of September 2023

Clean and well-located investment property, ready for you to add to your portfolio. Building is comprised of 4 units which are all identical 4 bed/2 baths. There is also plenty of off-street parking, an on-site laundry facility and the property is only a few blocks to Chico State University. Units are well maintained and have a solid rental history. This is truly a great opportunity to secure a cash-flowing asset!

Last Agent to Sell the Property

Daniel Bosch

Re/Max of Chico License #01236305 Listed on: 07/20/2023

Re/Max of Chico

Last Buyer's Agent

Ryan Gulbrandsen

The Stogan Group License #01944516

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Level Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,167 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 4,5 / 8
  • Assessor Parcel Number 004105003000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Operating Expense $21,049
  • Gross Income $64,957
  • Net Operating Income $43,908

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 004105003000
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 163.19

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 64957.00
  • Gross Scheduled Income: 64957.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 43908.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 21049.00
  • Rent Control: No
  • Total Expenses: 21049.00

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 11.00
  • Tax Lot: 4,5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Sep 25, 2023
Sold by
Engrahm Kathleen M
Bought by
Slaen Properties Llc
Seller's Agent
Daniel Bosch
Re/Max of Chico
Buyer's Agent
Ryan Gulbrandsen
The Stogan Group
List Price
$860,000
Sold Price
$680,000
Premium/Discount to List
-$180,000
-20.93%
Views
70
Current Estimated Value
$729,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,552
Avg. Annual Appreciation
2.95%

Purchase Details

Listed on
Apr 8, 2017
Closed on
Jul 21, 2017
Sold by
Campos Properties L P
Bought by
Engrahm Kathleen M
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Daniel Bosch
Re/Max of Chico
List Price
$629,000
Sold Price
$620,000
Premium/Discount to List
-$9,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.53%
Original Mortgage
$383,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2014
Sold by
Campos Michael D
Bought by
Campos Properties Limited Partnership

Purchase Details

Closed on
May 18, 2010
Sold by
Hill Wesley
Bought by
Campos Michael D and Campos Nancy

Purchase Details

Closed on
Nov 6, 2009
Sold by
Tyler Gregg R
Bought by
Hill Wesley and Hill Jeanna

Purchase Details

Closed on
Oct 24, 2005
Sold by
Tyler Gregg
Bought by
Vasquez Sarita

Purchase Details

Closed on
Dec 24, 2003
Sold by
Bucho Kenneth M
Bought by
Tyler Gregg R and Vasquez Sarita G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,400
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2002
Sold by
Miller Gary L
Bought by
Bucho Kenneth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.03%

Purchase Details

Closed on
Mar 26, 2001
Sold by
Miller Gary L
Bought by
Miller Gary L and Miller Zoe Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
6.5%

Purchase Details

Closed on
Nov 28, 2000
Sold by
Miller Gary L
Bought by
Miller Gary L and Miller Zoe Anne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Slaen Properties Llc $680,000 Mid Valley Title
Engrahm Kathleen M $620,000 Mid Valley Title & Escrow
Campos Properties Limited Partnership -- None Available
Campos Michael D $275,000 Mid Valley Title & Escrow Co
Hill Wesley -- Mid Valley Title
Vasquez Sarita -- Mid Valley Title
Tyler Gregg R $443,000 --
Bucho Kenneth M $360,000 Bidwell Title & Escrow Co
Miller Gary L -- Chicago Title Co
Miller Gary L -- Fidelity National Title Co
Miller Gary L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Engrahm Kathleen M $383,000
Previous Owner Tyler Gregg R $354,400
Previous Owner Bucho Kenneth M $288,000
Previous Owner Miller Gary L $143,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2023 09/27/23 Sold $680,000 -2.7% $163 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
08/09/2023 08/09/23 Price Changed $699,000 -18.7% $168 / Sq Ft
07/20/2023 07/20/23 For Sale $860,000 +38.7% $206 / Sq Ft
08/22/2017 08/22/17 Sold $620,000 0.0% $149 / Sq Ft View Prior Sale
06/06/2017 06/06/17 Pending -- -- --
06/01/2017 06/01/17 Off Market $620,000 -- --
04/17/2017 04/17/17 For Sale $629,000 0.0% $151 / Sq Ft
04/10/2017 04/10/17 Pending -- -- --
04/08/2017 04/08/17 For Sale $629,000 -- $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 $7,525 $693,560 $173,400 $520,160
2024 $7,525 $678,000 $170,000 $508,000
2023 $7,560 $677,869 $218,727 $459,142
2022 $7,440 $664,618 $214,439 $450,179
2021 $7,301 $651,627 $210,235 $441,392
2020 $7,280 $644,967 $208,080 $436,887
2019 $7,149 $632,360 $204,000 $428,360
2018 $7,018 $620,000 $200,000 $420,000
2017 $4,536 $400,392 $105,657 $294,735
2016 $4,140 $392,542 $103,586 $288,956
2015 $4,140 $386,647 $102,031 $284,616
2014 $4,040 $379,074 $100,033 $279,041
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23134133

California Regional Multiple Listing Service (CRMLS)

APN: 004-105-003-000

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