Jacob Darr
NextHome North Valley Realty
(530) 767-3889
113 Total Sales
2 in Eastwood
$165,000 Price Range
550 E 9th St Chico, CA 95928
Eastwood Neighborhood
10
Beds
9
Baths
4,916
Sq Ft
0.26
Acre Lot
Highlights
- No HOA
- Laundry Room
- Bike Trail
- Park
About This Home
As of July 2024Prime investment opportunity with amazing cashflow potential!!! Welcome to your next lucrative investment venture! Nestled in a prime location just minutes away from downtown and the lower park, this apartment complex presents an unparalleled opportunity for savvy investors. This expansive property boasts a total of 10 bedrooms and 9 bathrooms, offering ample space and flexibility for tenants. Comprised of eight 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, this complex caters to a variety of tenant needs, ensuring consistent occupancy and rental income. Residents will appreciate the convenience of shared laundry facilities on-site, enhancing the overall appeal and functionality of the property. With its strategic location and desirable unit mix, this investment property promises substantial cashflow potential, making it an attractive addition to any investment portfolio. Situated just minutes away from downtown amenities and the lower park, tenants enjoy easy access to shopping, dining, entertainment, and outdoor recreational activities, enhancing the property's desirability and marketability. Don't miss out on this incredible opportunity to capitalize on strong rental demand in a sought-after location
Last Agent to Sell the Property
Parkway Real Estate Co. Brokerage Phone: 5302822038 Listed on: 05/23/2024
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 11,326 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 4,916 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Dryer
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Paved Parking
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 5,6 / J
- Assessor Parcel Number 004441009000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 9 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 9 Separate Water Meters
- Electric Expense $6,418
- Insurance Expense $2,000
- Trash Expense $2,389
- Water Sewer Expense $2,832
- New Taxes Expense $9,900
- Operating Expense $23,539
- Gross Income $87,132
- Net Operating Income $63,593
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2024
Closed on
Aug 13, 2024
Sold by
Bought by
Seller's Agent
Lizzy Young
Parkway Real Estate Co.
Buyer's Agent
Lora Trenner
Re/Max Home and Investment
List Price
$900,000
Sold Price
$860,000
Premium/Discount to List
-$40,000
-4.44%
Views
21
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Outstanding Balance
$646,600
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 23, 2024
Closed on
Jul 9, 2024
Sold by
Bought by
Seller's Agent
Lizzy Young
Parkway Real Estate Co.
Buyer's Agent
Lora Trenner
Re/Max Home and Investment
List Price
$900,000
Sold Price
$860,000
Premium/Discount to List
-$40,000
-4.44%
Views
21
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Outstanding Balance
$646,600
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 22, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Eastwood, CA
-
Jacob Darr
-
Lora Trenner
Lora Trenner
Re/Max Home and Investment
(530) 767-4094
119 Total Sales
2 in Eastwood
$341K - $860K Price Range
-
Shane Collins
Shane Collins
Responds QuicklyRe/Max of Chico
(530) 767-3408
148 Total Sales
7 in Eastwood
$230K - $400K Price Range
-
Mariah Thompson
Mariah Thompson
Responds QuicklyPlatinum Partners Real Estate
(530) 767-3807
146 Total Sales
1 in Eastwood
$660,000 Price
-
Becky Johns
Becky Johns
Responds QuicklyeXp of Northern CA
(530) 767-4275
209 Total Sales
1 in Eastwood
$363,100 Price
-
Becky Williams
Becky Williams
Responds QuicklyKeller Williams Realty Chico Area
(530) 236-6612
135 Total Sales
2 in Eastwood
$370,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Mid Valley Title & Escrow | ||
| $860,000 | Mid Valley Title & Escrow | ||
| $850,000 | New Title Company Name |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $660,000 | ||
| Previous Owner | $650,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $161,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/24/2024 07/24/24 | Sold | $860,000 | -4.4% | $175 / Sq Ft |
| 07/22/2024 07/22/24 | For Sale | $900,000 | 0.0% | $183 / Sq Ft |
| 06/07/2024 06/07/24 | Pending | -- | -- | -- |
| 05/23/2024 05/23/24 | For Sale | $900,000 | -- | $183 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $9,980 | $877,100 | $193,800 | $683,300 |
| 2025 | $9,980 | $860,000 | $190,000 | $670,000 |
| 2024 | $9,187 | $884,340 | $166,464 | $717,876 |
| 2023 | $63 | $868,000 | $163,200 | $704,800 |
| 2022 | $5,080 | $449,690 | $127,463 | $322,227 |
| 2021 | $4,982 | $440,893 | $124,964 | $315,929 |
| 2020 | $4,971 | $436,383 | $123,683 | $312,700 |
| 2019 | $4,884 | $427,847 | $121,258 | $306,589 |
| 2018 | $4,794 | $419,479 | $118,881 | $300,598 |
| 2017 | $4,692 | $411,274 | $116,550 | $294,724 |
| 2016 | $4,287 | $403,230 | $114,265 | $288,965 |
| 2015 | $4,286 | $397,189 | $112,549 | $284,640 |
| 2014 | $4,188 | $389,429 | $110,345 | $279,084 |
Source: Public Records
Agents Affiliated with this Home
-
Lizzy Young
L
Seller's Agent in 2024
Lizzy Young
Parkway Real Estate Co.
(530) 809-3700
1 in this area
11 Total Sales
-
Lora Trenner
Buyer's Agent in 2024
Lora Trenner
RE/MAX
(530) 228-9356
2 in this area
119 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24104431
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 667 E 8th St
- 0 California 32
- 735 Pine St
- 740 Orient St
- 754 E 8th St
- 765 Humboldt Ave
- 935 Poplar St
- 358 E 12th St
- 358 E 12th St
- 1326 Mulberry St
- 969 Humboldt Ave
- 1087 E 9th St
- 587 E 3rd St
- 1029 Salem St
- 1095 Woodland Ave
- 1381 Davis St
- 1170 E 9th St
- 555 Vallombrosa Ave Unit 44
- 555 Vallombrosa Ave Unit 86
- 1011 Normal Ave
Your Personal Tour Guide
Ask me questions while you tour the home.