NOT LISTED FOR SALE

Estimated Value: $1,009,000 - $1,051,964

4 Beds
2 Baths
5,148 Sq Ft
$199/Sq Ft Est. Value

Last Sold December 27, 2022

Last sale price $975,000 $189 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,363/month

36 Days on Market

Highlights

  • Park
  • Laundry Room
  • Central Heating and Cooling System
  • Chico Junior High School Rated A-
  • Foothills
  • Bike Trail

About This Home

As of December 2022

**Pre-Leasing for Summer 2021** MOVE IN SPECIAL - Spacious 4 Bedrooms - **$400 Move In Special**

These spacious 4 bedroom/2 bath apartments have an open layout with nicely upgraded laminate flooring, updated lighting and ceiling fans in every bedrooms. Central AC & Heat and dual pane windows for extra efficiency. Includes a full-size washer/dryer, dishwasher, & private front patio or backyard. Off street parking available.

Located in a quiet neighborhood at 2nd Avenue & Hobart Streets, this property is a short distance to campus and downtown.

Water and Garbage service included. Water/Sewer surcharge of $10 is assessed monthly per tenant.

***Only 1 unit left!***

Call us today to schedule an in-person tour!!!

(RLNE2717059)

Last Agent to Sell the Property

Spencer Moyer

Alive Commercial Real Estate License #01940191 Listed on: 10/10/2022

Last Buyer's Agent

Michael Moller

Moller Realty Group License #00606878

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,029

Year Built

  • Built in 1986

Lot Details

  • 9,583 Sq Ft Lot
  • 1 Common Wall
  • Back Yard
  • Density is 16-20 Units/Acre

Home Design

  • 5,148 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Available
  • Driveway

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 22 / 7
  • Assessor Parcel Number 003054001000
  • $100 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Foothills

Recreation

  • Park
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $118
  • Gardener Expense $1,800
  • Insurance Expense $2,000
  • Maintenance Expense $4,000
  • Other Expense $1,200
  • Pest Control $300
  • Professional Management Expense $5,034
  • Trash Expense $1,817
  • Water Sewer Expense $2,500
  • New Taxes Expense $12,016
  • Operating Expense $30,785
  • Gross Income $2,880
  • Net Operating Income $53,109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,029

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.18
  • Price Per Unit: 256250
  • Professional Management Expense: 5034.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 003054001000
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 189.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Pest Control Expense: 300.00
  • Sewer: Public Sewer
  • Trash Expense: 1817.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Foothills, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Back Yard
  • Lot Size Sq Ft: 9583.20
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 118.00
  • Gross Income: 2880.00
  • Gross Operating Income: 81014.00
  • Gross Scheduled Income: 83520.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 0.2200 Acres
  • Maintenance Expense: 4000.00
  • Net Operating Income: 53109.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 30785.00
  • Other Expense: 1200.00
  • Other Expense Description: Reserves
  • Other Income1: 2880.00
  • Other Income Description: Utility Reimbursement
  • Rent Control: No
  • Total Expenses: 30785.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12016.00
  • Tax Block: 7
  • Tax Census Tract: 6.03
  • Tax Lot: 22
  • TaxOtherAnnualAssessmentAmount: 100.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Dec 16, 2022
Sold by
Sundberg Trust
Bought by
Kessener Family Trust
Seller's Agent
Spencer Moyer
Alive Commercial Real Estate
Buyer's Agent
Michael Moller
Moller Realty Group
List Price
$1,025,000
Sold Price
$975,000
Premium/Discount to List
-$50,000
-4.88%
Views
29
Current Estimated Value
$1,026,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,988
Avg. Annual Appreciation
1.89%

Purchase Details

Closed on
Jul 5, 2019
Sold by
Buckingham James Richard and Buckingham Linda Louise Beatty
Bought by
Buckingham James Richard and Buckingham Linda Louise Beatty

Purchase Details

Closed on
Jul 3, 2019
Sold by
Buckingham William D
Bought by
Buckingham James Richard and Buckingham Linda Beatty

Purchase Details

Closed on
Feb 8, 2013
Sold by
Laffins Ronald J and Laffins Claudine J
Bought by
Sundberg Dixie Ford

Purchase Details

Closed on
Feb 17, 2000
Sold by
Laffins Ronald J
Bought by
Laffins Ronald J and Laffins Claudine J

Purchase Details

Closed on
Feb 3, 1997
Sold by
Brownfield Marilyn A
Bought by
Laffins Ronald J
Source: Public Records

Range of Values:

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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
Kessener Family Trust $975,000 Mid Valley Title
Buckingham James Richard -- None Available
Buckingham James Richard $21,000 None Available
Sundberg Dixie Ford $440,000 Fidelity Natl Title Co Of Ca
Laffins Ronald J -- --
Laffins Ronald J -- Bidwell Title & Escrow Compa
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2025 09/17/25 Off Market -- -- --
02/26/2025 02/26/25 Price Changed $1,850 0.0% $1 / Sq Ft
02/26/2025 02/26/25 For Rent $1,850 0.0% --
12/27/2022 12/27/22 Sold $975,000 -4.9% $189 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $1,025,000 0.0% $199 / Sq Ft
08/23/2022 08/23/22 For Rent $1,716 -- --
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 $11,029 $1,017,590 $171,666 $845,924
2024 $11,029 $994,500 $168,300 $826,200
2023 $10,900 $978,200 $165,000 $813,200
2022 $6,024 $537,739 $135,238 $402,501
2021 $5,911 $527,259 $132,587 $394,672
2020 $5,895 $521,886 $131,228 $390,658
2019 $5,532 $488,913 $126,947 $361,966
2018 $5,431 $479,390 $124,458 $354,932
2017 $5,322 $470,054 $122,018 $348,036
2016 $4,858 $460,901 $119,626 $341,275
2015 $4,858 $454,027 $117,830 $336,197
2014 $4,742 $445,197 $115,522 $329,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN22219119

California Regional Multiple Listing Service (CRMLS)

APN: 003-054-001-000