609 Rancheria Dr Chico, CA 95926
Chico Vecino NeighborhoodEstimated payment $7,398/month
Highlights
- Multi-Level Bedroom
- Wooded Lot
- Granite Countertops
- Chico Junior High School Rated A-
- Main Floor Bedroom
- No HOA
About This Home
Exceptional investment opportunity near CSUC. This well-maintained 5-unit complex features spacious 3-bed/2-bath floor plans, each with full-sized washer/dryer. Kitchens have updated cabinets, countertops, and new appliances including stoves and refrigerators. Large upstairs bedrooms with dual closets add to tenant appeal. Major upgrades include dual-pane windows (2007), new roof (2013), upgraded blinds (2017), and new water heaters. Fully leased through June of 2026, offering stable income in a high-demand location.
Listing Agent
Atrix Real Estate Brokerage Phone: 5303551239 License #02040241 Listed on: 12/01/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968 | Remodeled
Lot Details
- 9,148 Sq Ft Lot
- No Common Walls
- Landscaped
- Paved or Partially Paved Lot
- Sprinkler System
- Wooded Lot
Home Design
- Entry on the 1st floor
- Flat Roof Shape
- Slab Foundation
- Tar and Gravel Roof
Interior Spaces
- 8,160 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Living Room
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Granite Countertops
- Tile Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 15 Bedrooms
- Main Floor Bedroom
- Multi-Level Bedroom
- 10 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 043180029000
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Gardener Expense $1,500
- Insurance Expense $4,291
- Maintenance Expense $1,200
- Trash Expense $2,455
- Operating Expense $22,801
- Gross Income $112,500
- Net Operating Income $89,699
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,619 | $792,810 | $222,339 | $570,471 |
| 2024 | $8,619 | $775,305 | $217,980 | $557,325 |
| 2023 | $8,518 | $762,104 | $213,706 | $548,398 |
| 2022 | $8,383 | $747,201 | $209,516 | $537,685 |
| 2021 | $8,226 | $732,590 | $205,408 | $527,182 |
| 2020 | $8,203 | $725,099 | $203,302 | $521,797 |
| 2019 | $8,055 | $710,921 | $199,316 | $511,605 |
| 2018 | $7,904 | $697,021 | $195,408 | $501,613 |
| 2017 | $7,777 | $683,394 | $191,577 | $491,817 |
| 2016 | $7,102 | $670,034 | $187,821 | $482,213 |
| 2015 | $7,103 | $660,000 | $185,000 | $475,000 |
| 2014 | $4,810 | $447,000 | $160,000 | $287,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/01/2025 12/01/25 | For Sale | $1,285,000 | +94.7% | $157 / Sq Ft | |
| 11/14/2014 11/14/14 | Sold | $660,000 | -9.6% | $81 / Sq Ft | View Prior Sale |
| 11/05/2014 11/05/14 | Pending | -- | -- | -- | |
| 08/25/2014 08/25/14 | For Sale | $730,000 | -- | $89 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN25268516
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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
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