$1,426,000

Estimated payment $8,211/month

Total Views 16
8 Beds
-- Bath
3,415 Sq Ft
$418 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Room
  • Chico Junior High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

536 W?3rd?Street, Chico, CA is a two-story, fully-leased investment opportunity just one block from California State University, Chico. As part of the distinguished Language Houses, the property features original mahogany flooring, built-in elements, and historic architectural charm. The multi-tenant building offers consistent annual rental increases and a history of early pre-leasing typically reaching full occupancy by January for summer move-in. Amenities include off-street parking and in-unit coin-operated laundry, ensuring both tenant convenience and strong investor appeal. Property can be purchased with 544 W 3rd St or separately.

Listing Agent

Carrie Welch

Capital Rivers Commercial Inc Brokerage Phone: 530-570-5107 License #01926238 Listed on: 06/26/2025

Co-Listing Agent

Kelsey Watt

Capital Rivers Commercial Inc Brokerage Phone: 530-570-5107 License #02035244

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,570

Year Built

  • Built in 1999

Lot Details

  • 5,663 Sq Ft Lot
  • Landscaped
  • Level Lot

Interior Spaces

  • 8 Bedrooms
  • 3,415 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Parking

  • Parking Available
  • Off-Street Parking

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 5,6 / 66
  • Assessor Parcel Number 004047014000

Community Details

Overview

  • No Home Owners Association

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,570

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Price Per Unit: 1426000
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 004047014000
  • Year Built: 1999
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 417.57

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 346.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level, Walkstreet
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 101725.00
  • Gross Scheduled Income: 101725.00
  • Insurance Expense: 1314.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 78374.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 23351.00
  • Rent Control: No
  • Total Expenses: 23351.00

Tax Info

  • Tax Block: 66
  • Tax Census Tract: 10.00
  • Tax Lot: 5,6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,570 $322,452 $82,956 $239,496
2023 $3,527 $316,130 $81,330 $234,800
2022 $3,471 $309,933 $79,736 $230,197
2021 $3,406 $303,857 $78,173 $225,684
2020 $3,396 $300,742 $77,372 $223,370
2019 $3,335 $294,846 $75,855 $218,991
2018 $3,274 $289,066 $74,368 $214,698
2017 $3,207 $283,399 $72,910 $210,489
2016 $2,927 $277,843 $71,481 $206,362
2015 $2,927 $273,671 $70,408 $203,263
2014 $2,856 $268,311 $69,029 $199,282
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $1,426,000 -- $418 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $297,937 Purchase Money Mortgage
Closed $1,500,000 Credit Line Revolving
Closed $202,500 Unknown
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25143631

California Regional Multiple Listing Service (CRMLS)

APN: 004-047-014-000