NOT LISTED FOR SALE

670 E 5th Ave Chico, CA 95926

18 Beds
8 Baths
7,162 Sq Ft
0.28 Acres

Last Sold November 07, 2014

Last sale price $600,000 $84 Per Sq Ft

14 Days on Market

About This Home

As of November 2014

Well-maintained 8 unit apartment complex in central Chico location! Units have huge bedrooms and convenient parking access, making the property easy to rent. Units 1, 5, and 8 have potential for increased rent with the right updates. Other units have been recently updated with hardwood laminate, new carpet, and paint. New HVAC unit in unit #5 in July.

Last Agent to Sell the Property

Adam Pearce

Adam Pearce, Broker License #01890178 Listed on: 10/01/2014

Last Buyer's Agent

Sarah Nielsen

Independent Realty Group License #01459113

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Density is 31-35 Units/Acre

Home Design

  • 7,162 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Assessor Parcel Number 003421030000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Insurance Expense $2,200
  • Maintenance Expense $22,948
  • Professional Management Expense $4,454
  • Trash Expense $417
  • Water Sewer Expense $4,248
  • New Taxes Expense $6,600
  • Gross Income $6,050
  • Net Operating Income $30,984

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Professional Management Expense: 4454.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4248.00
  • Property Type: Residential Income
  • Parcel Number: 003421030000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 83.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 417.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 31-35 Units/Acre
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Multi Family

  • Gross Income: 6050.00
  • Gross Scheduled Income: 72600.00
  • Insurance Expense: 2200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 0.2800 Acres
  • Maintenance Expense: 22948.00
  • Net Operating Income: 30984.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 41616.00
  • Rent Control: No
  • Total Actual Rent: 6050.00

Tax Info

  • New Taxes Expense: 6600.00

Range of Values:

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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 Change Sq Ft Price
11/07/2014 11/07/14 Sold $600,000 -4.8% $84 / Sq Ft
10/15/2014 10/15/14 Pending -- -- --
10/01/2014 10/01/14 For Sale $630,000 -- $88 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Adam Pearce

    Adam Pearce, Broker

    (530) 624-0618

    12 Total Sales

    Adam Pearce
    Section Image
  • Sarah Nielsen

    Buyer's Agent in 2014

    Sarah Nielsen

    Independent Realty Group

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14216420

California Regional Multiple Listing Service (CRMLS)

California Butte County Chico 95926

670 E 5th Ave, Chico, CA

This home is located at 670 E 5th Ave, Chico, CA 95926 since 01 October 2014. This property was built in 1960. 670 E 5th Ave is a home located in Butte County with nearby schools including Neal Dow Elementary School, Chico Junior High School, and Chico High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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