NOT LISTED FOR SALE

Estimated Value: $716,000 - $899,000

12 Beds
5 Baths
2,078 Sq Ft
$372/Sq Ft Est. Value

Last Sold May 02, 2025

Last sale price $738,000 $355 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,653/month

10 Days on Market

Highlights

  • Primary Bedroom Suite
  • Contemporary Architecture
  • Attic
  • Chico Junior High School Rated A-
  • Main Floor Primary Bedroom
  • Great Room

About This Home

As of May 2025

Don’t miss this incredible investment opportunity in a highly desirable avenue location of Chico! This well-maintained fourplex features two spacious downstairs units, each offering 3 bedrooms, 1 bath, an open floor plan, a bright and inviting living room, and a cozy kitchen that flows seamlessly into the dining area. The dining rooms open to charming patios and private fenced yards, perfect for outdoor relaxation.
Unit A has just been upgraded with quartz countertops, laminate flooring, new light fixtures, stainless steel appliances, new sinks, faucets, a new shower head, and fresh interior paint.
The two upstairs units each feature 2 bedrooms, 1 bath, a generously sized living room, and a cozy kitchen that opens to the dining area. Sliding glass doors of the dining room lead to a quaint balcony, ideal for enjoying morning coffee or evening barbecues.
The unit D was remodeled in 2023.
According to the seller, " A new roof was installed a year ago and all the fences were replaced 3 years ago ". All units are equipped with central heat and air and have their own individual water heaters.
Located near downtown Chico, Bidwell Park, CSUC, Enloe Hospital, coffee shops, and shopping, this property offers convenience and charm in one package. Whether you’re an investor looking for a solid income-producing asset or a buyer looking for a multi-unit opportunity, this fourplex is a must-see!
Schedule your private showing today!

Last Agent to Sell the Property

Effie Khaki

Century 21 Select Real Estate, Inc. Brokerage Phone: 530-514-3334 License #01024181 Listed on: 03/24/2025

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Effie Khaki

Century 21 Select Real Estate, Inc. Brokerage Phone: 530-514-3334 License #01024181 Listed on: 03/24/2025

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.25 Acre Lot
  • No Common Walls
  • Wood Fence
  • Landscaped
  • Front and Back Yard Sprinklers
  • Private Yard
  • Lawn
  • Back and Front Yard

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Entry on the 2nd floor
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,078 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Sliding Doors
  • Great Room
  • Neighborhood Views
  • Attic

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Uncovered Parking
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 1 / 8
  • Assessor Parcel Number 003413002000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,715
  • Other Expense $125
  • Pest Control $720
  • Water Sewer Expense $2,613
  • Operating Expense $7,536
  • Gross Income $56,418
  • Net Operating Income $53,210

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2613.00
  • Zoning: CITY
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 003413002000
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Quartz Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 355.15
  • Room Type: Attic, Great Room, Kitchen, Main Floor Primary Bedroom, Primary Suite
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned, Uncovered

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Range Hood, Refrigerator
  • Heating Type: Central, Natural Gas
  • Laundry Features: Community, Individual Room, Outside
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Gross Income: 56418.00
  • Gross Scheduled Income: 56418.00
  • Insurance Expense: 1715.00
  • Laundry Income: 852.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 53210.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 3208.00
  • Other Expense: 125.00
  • Other Expense Description: fire ins
  • Rent Control: Yes
  • Total Expenses: 7536.00

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 7.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2025
Closed on
Apr 28, 2025
Sold by
Kathleen Hayes Family Trust and Hayes Kathleen Marie
Bought by
567 E 7Th Avenue Llc and Tsai
Seller's Agent
Effie Khaki
Century 21 Select Real Estate, Inc.
Buyer's Agent
Effie Khaki
Century 21 Select Real Estate, Inc.
List Price
$698,500
Sold Price
$738,000
Premium/Discount to List
$39,500
5.65%
Views
53
Current Estimated Value
$773,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,388
Avg. Annual Appreciation
8.12%

Purchase Details

Closed on
Nov 27, 2007
Sold by
Hayes Kathleen Marie and Hayes Kathleen M
Bought by
Hayes Kathleen Marie and Kathleen Hayes Family Trust

Purchase Details

Closed on
Jul 6, 2004
Sold by
Leach Joshua G and Leach Katherine A
Bought by
Hayes Kathleen M

Purchase Details

Closed on
Jan 7, 2004
Sold by
Chen Joyce L
Bought by
Leach Joshua G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
567 E 7Th Avenue Llc $738,000 Mid Valley Title
Hayes Kathleen Marie -- None Available
Hayes Kathleen M $465,000 Mid Valley Title & Escrow Co
Leach Joshua G $360,000 Fidelity Natl Title Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leach Joshua G $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2025 05/02/25 Sold $738,000 +5.7% $355 / Sq Ft
04/03/2025 04/03/25 Pending -- -- --
03/24/2025 03/24/25 For Sale $698,500 -- $336 / 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
2025 $7,067 $651,151 $250,896 $400,255
2024 $7,067 $635,443 $245,977 $389,466
2023 $6,984 $625,984 $241,154 $384,830
2022 $6,873 $613,770 $236,426 $377,344
2021 $6,744 $601,795 $231,791 $370,004
2020 $6,725 $595,656 $229,415 $366,241
2019 $5,972 $528,000 $125,000 $403,000
2018 $5,416 $478,000 $125,000 $353,000
2017 $4,903 $433,000 $125,000 $308,000
2016 $3,987 $378,000 $135,000 $243,000
2015 $4,048 $378,000 $135,000 $243,000
2014 $2,915 $273,000 $135,000 $138,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25062269

California Regional Multiple Listing Service (CRMLS)

APN: 003-413-002-000