421 W 1st Ave Chico, CA 95926
Chico Vecino Neighborhood
12
Beds
6
Baths
3,280
Sq Ft
8,712
Sq Ft Lot
Highlights
- Property is near public transit
- Wood Flooring
- No HOA
- Chico Junior High School Rated A-
- Private Yard
- Neighborhood Views
About This Home
As of December 2024Attention Investors! Here's your chance to add a prime rental property to your portfolio in Chico's highly desirable West Avenues, a hot spot for college rentals. This unique triplex offers a blend of history charm and high rental potential, located blocks from Chico State University and Downtown Chico. The main house, built in 1920, excuses character with original hardwood flooring, offering 3 bedrooms and 2 bathrooms upstairs. Plus, there's an additional bedroom and living space in the basement, providing extra rental opportunities. Behind the main house, you'll find a duplex with two separate units, each featuring 4 bedrooms and 2 bathrooms. The property boasts a fully fenced yard, perfect for tenants seeking an outdoor space, as well as alley access and off-street parking - major conveniences for college students and renters alike. This investment property is perfectly positioned for high demand, thanks to its proximity to the University, shopping, and dining. Don't miss out on this fantastic opportunity, this one won't last long!
Last Agent to Sell the Property
Keller Williams Realty Chico Area Brokerage Phone: 530-354-4244 License #01772692 Listed on: 10/23/2024
Last Buyer's Agent
Keller Williams Realty Chico Area Brokerage Phone: 530-354-4244 License #01772692 Listed on: 10/23/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 8,712 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Rectangular Lot
- Level Lot
- Private Yard
- Back and Front Yard
Home Design
- Triplex
- Split Level Home
- Pillar, Post or Pier Foundation
- Composition Roof
Interior Spaces
- 3,280 Sq Ft Home
- 1-Story Property
- Built-In Features
- Ceiling Fan
- Living Room
- Utility Room
- Neighborhood Views
- Basement
Kitchen
- Gas Oven
- Self-Cleaning Oven
- Gas Range
- Range Hood
- Recirculated Exhaust Fan
- Dishwasher
- Formica Countertops
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
- 220 Volts In Laundry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- On-Street Parking
- Parking Lot
- Off-Street Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Suburban Location
Utilities
- Central Heating and Cooling System
- Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 2 / D
- Assessor Parcel Number 003085004000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Maintenance Expense $2,558
- Professional Management Expense $3,472
- Trash Expense $1,599
- Water Sewer Expense $537
- Operating Expense $12,358
- Gross Income $41,218
- Net Operating Income $28,860
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $585,000 | +6.6% | $178 / Sq Ft |
| 10/30/2024 10/30/24 | Pending | -- | -- | -- |
| 10/23/2024 10/23/24 | For Sale | $549,000 | -- | $167 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2024
Alisha Simpkins
Keller Williams Realty Chico Area
(530) 354-4244
27 in this area
305 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24218654
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