NOT LISTED FOR SALE

670 E 5th Ave Chico, CA 95926

18 Beds
8 Baths
7,162 Sq Ft
12,197 Sq Ft

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

0.28 Acres

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
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Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $7,860 $723,106 $222,339 $500,767
2024 $7,860 $706,968 $217,980 $488,988
2023 $7,768 $695,106 $213,706 $481,400
2022 $7,642 $681,516 $209,516 $472,000
2021 $7,499 $668,193 $205,408 $462,785
2020 $7,478 $661,363 $203,302 $458,061
2019 $7,344 $648,435 $199,316 $449,119
2018 $6,591 $580,963 $195,408 $385,555
2017 $6,457 $569,612 $191,577 $378,035
2016 $6,447 $611,149 $187,821 $423,328
2015 $6,448 $602,000 $185,000 $417,000
2014 $6,099 $572,000 $150,000 $422,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14216420

California Regional Multiple Listing Service (CRMLS)
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