609 Rancheria Dr Chico, CA 95926
Chico Vecino NeighborhoodEstimated payment $7,578/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 newer 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 newer water heaters. Fully leased through June 2026, offering stable income in a high-demand location. Seller may consider financing with acceptable terms.
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 $9,446
- Gross Income $113,700
- Net Operating Income $104,254
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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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
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