NOT LISTED FOR SALE

648 W 2nd Ave Chico, CA 95926

Chico Vecino Neighborhood
3 Beds
2 Baths
13,338 Sq Ft
0.52 Acres

Last Sold May 24, 2018

Last sale price $1,660,000 $124 Per Sq Ft

8 Days on Market

Highlights

  • 22,651 Sq Ft lot
  • Contemporary Architecture
  • Living Room
  • Chico Junior High School Rated A-
  • Neighborhood Views
  • Laundry Room

About This Home

As of May 2018

9 HUGE 3 BEDROOM 2 BATH UNITS, 1482 SQUARE FEET PER UNIT WITH WASHER AND DRYER. EVERY UNIT HAS ITS OWN WATER METER, GAS METER AND ELECTRIC METER. LOCATED VERY CLOSE TO THE UNIVERSITY IN A STUDENT NEIGHBORHOOD WITH AN EASY WALK OR BIKE RIDE TO CAMPUS. WELL MAINTAINED MATURE LANDSCAPING. ALL UNITS ARE TOWNHOUSES WITH OFF STREET PARKING. WELL MAINTAINED UNITS WITH EXCELLENT RENTAL HISTORY AND PROFESSIONAL MANAGEMENT.

Last Agent to Sell the Property

Jim Aguilar

Century 21 Select Real Estate, Inc. License #01862725 Listed on: 03/21/2018

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

Jim Aguilar

Century 21 Select Real Estate, Inc. License #01862725 Listed on: 03/21/2018

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.52 Acre Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • Landscaped
  • Rectangular Lot

Home Design

  • Contemporary Architecture
  • Apartment
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 13,338 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Carpet
  • Neighborhood Views
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Available
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Septic Type Unknown

Additional Features

  • Accessible Parking
  • Rain Gutters
  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 043150023000

Community Details

Overview

  • 9 Units

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Electric Expense $1,739
  • Fuel Expense $1,739
  • Insurance Expense $3,600
  • Professional Management Expense $8,097
  • Trash Expense $2,055
  • Water Sewer Expense $7,514
  • New Taxes Expense $12,000
  • Operating Expense $36,744
  • Gross Income $140,400
  • Net Operating Income $88,522

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 8096.90
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 7514.20
  • Zoning: R3
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 043150023000
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 124.46
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Off Street, Parking Space, Unassigned

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Washer Included
  • Sewer: Unknown
  • Trash Expense: 2054.80
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 20000-39999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 22651.00

Multi Family

  • Average3 Bed Area: 1482 Square Feet
  • Electric Expense: 1739.20
  • Fuel Expense: 1739.20
  • Gross Income: 140400.00
  • Gross Scheduled Income: 140400.00
  • Insurance Expense: 3600.00
  • Net Operating Income: 88522.20
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Number With Carpet: 9
  • Number With Dishwasher: 9
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Operating Expense: 47665.80
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 11700.00
  • Total Expenses: 36744.30
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 6.04

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2018 05/24/18 Sold $1,660,000 -3.8% $124 / Sq Ft
03/29/2018 03/29/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $1,725,000 -- $129 / 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 $20,501 $1,887,688 $540,466 $1,347,222
2024 $20,501 $1,842,832 $529,869 $1,312,963
2023 $20,261 $1,814,699 $519,480 $1,295,219
2022 $19,942 $1,779,275 $509,295 $1,269,980
2021 $19,569 $1,744,545 $499,309 $1,245,236
2020 $19,515 $1,726,740 $494,190 $1,232,550
2019 $19,163 $1,693,040 $484,500 $1,208,540
2018 $12,917 $1,137,501 $392,017 $745,484
2017 $12,738 $1,115,355 $384,331 $731,024
2016 $11,637 $1,093,644 $376,796 $716,848
2015 $9,407 $868,000 $200,000 $668,000
2014 $8,833 $818,000 $200,000 $618,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jim Aguilar

    Century 21 Select Real Estate, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN18064088

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95926 Chico Vecino

648 W 2nd Ave, Chico, CA

Not Listed for Sale

MultiFamily

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