NOT LISTED FOR SALE

Estimated Value: $320,998 - $576,000

24 Beds
2 Baths
7,894 Sq Ft
$58/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $1,680,000 $213 Per Sq Ft

Current estimated payment $2,688/month

66 Days on Market

Highlights

  • 0.44 Acre Lot
  • Property is near public transit
  • Paved or Partially Paved Lot
  • Chico Junior High School Rated A-
  • Laundry Room
  • 3-minute walk to Rotary Park

About This Home

As of March 2024

This is a once in a life time opportunity to acquire a unique portfolio of properties located less than 2 blocks from the heart of Chico State University and downtown Chico. This standout investment opportunity features four single-family homes, encompassing a total of six units across four parcels, and is an ideal choice for those looking to diversify their investment portfolio in the real estate sector. These four Victorian homes have housed students for many years. Properties include a large private parking lot as an extra bonus. Built to last, these homes include beautiful hardwood floors, intricate woodworking details, and timeless character. Upgrades have been made over the years to all of the homes. Two of the houses had basement conversions to create bedrooms and two homes have large unfinished basements for extra storage. There may be additional room for another ADU behind one of the homes (buyer to verify). The location in this sought-after neighborhood drives strong rental demand, thanks to its close proximity to essential amenities, schools, and transportation. This investment is perfectly suited for both seasoned and first-time investors, offering a unique blend of the stability and growth potential inherent in real estate, making it a valuable and sustainable addition to any investment portfolio.

Last Agent to Sell the Property

Kimberly Babb-Shaffer

Century 21 Select Real Estate, Inc. License #01415693 Listed on: 11/18/2023

Century 21 Select Real Estate, Inc.

Co-Listed By

Frank Ross

Century 21 Select Real Estate, Inc. License #01014400

Last Buyer's Agent

Irene Bianco

Intero Real Estate Services License #01393904

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,954

Year Built

  • Built in 1910

Lot Details

  • 0.44 Acre Lot
  • Paved or Partially Paved Lot
  • 004-124-010, 004-124-008,004-124-003

Home Design

  • Split Level Home

Interior Spaces

  • 24 Bedrooms
  • 7,894 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 004124009000

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 4 Separate Water Meters

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,954

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Price Per Unit: 299833
  • Professional Management Expense: 11340.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6342.00
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 004124009000
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One, Two, Three Or More, Multi/Split
  • Price Per Square Foot: 212.82

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 004-124-010, 004-124-008,004-124-003
  • Land Lease: No
  • Lot Features: Near Public Transit, Paved
  • Lot Size Sq Ft: 19166.00
  • Lot Size Acres: 0.4400

Multi Family

  • Gross Income: 162000.00
  • Gross Scheduled Income: 166000.00
  • Insurance Expense: 6465.00
  • Lot Size Area: 19166.0000 Square Feet
  • Net Operating Income: 117063.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 6
  • Operating Expense: 44937.00
  • Rent Control: No
  • Total Expenses: 44937.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2023
Closed on
Feb 26, 2024
Sold by
Keesling Karen K and Red Barn Revocable Trust
Bought by
420 W 4 C Llc
Seller's Agent
Kimberly Babb-Shaffer
Century 21 Select Real Estate, Inc.
Buyer's Agent
Irene Bianco
Intero Real Estate Services
List Price
$1,799,000
Sold Price
$1,680,000
Premium/Discount to List
-$119,000
-6.61%
Views
54
Current Estimated Value
$455,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,225,000
Avg. Annual Appreciation
-61.18%
Original Mortgage
$221,900
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2021
Sold by
Keesling Kyle K
Bought by
Keesling Kyle K and The Red Barn Revocable Trust

Purchase Details

Closed on
Jan 7, 2018
Sold by
Keesling Keith K and Keesling Kyle K
Bought by
Keesling Kyle K and Keesling Kenneth K

Purchase Details

Closed on
Sep 1, 2016
Sold by
Keesling Keith K and Keesling Kyle K
Bought by
Keesling David M and Keesling Barbara J
Source: Public Records

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Range of Values:

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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
420 W 4 C Llc $317,000 Mid Valley Title
Keesling Kyle K -- None Available
Keesling Kenneth -- None Available
Keesling Kyle K -- None Available
Keesling David M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 420 W 4 C Llc $226,200
Closed 420 W 4 C Llc $221,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $1,680,000 -6.6% $213 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $1,799,000 0.0% $228 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/18/2023 11/18/23 For Sale $1,799,000 -- $228 / 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
2024 $1,954 $175,218 $59,728 $115,490
2023 $1,931 $172,583 $58,557 $114,026
2022 $1,899 $169,215 $57,409 $111,806
2021 $1,864 $165,914 $56,284 $109,630
2020 $1,859 $164,222 $55,707 $108,515
2019 $1,825 $161,018 $54,615 $106,403
2018 $1,792 $157,878 $53,545 $104,333
2017 $1,756 $154,799 $52,496 $102,303
2016 $1,603 $151,780 $51,467 $100,313
2015 $1,603 $149,513 $50,694 $98,819
2014 $1,565 $146,600 $49,701 $96,899
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23213806

California Regional Multiple Listing Service (CRMLS)

APN: 004-124-009-000