NOT LISTED FOR SALE

670 E 5th Ave Chico, CA 95926

Chico Area
18 Beds
8 Baths
7,162 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: November 7, 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

  • 12,197 Sq Ft 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2015
Sold by
Bought by

Purchase Details

Listed on
Oct 1, 2014
Closed on
Nov 4, 2014
Sold by
Bought by
Seller's Agent
Adam Pearce
Adam Pearce, Broker
Buyer's Agent
Sarah Nielsen
Independent Realty Group
List Price
$630,000
Sold Price
$600,000
Premium/Discount to List
-$30,000
-4.76%

Purchase Details

Closed on
Aug 9, 2012
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 13, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 14, 2002
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 1998
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
-- None Available
$600,000 Bidwell Title & Escrow Co
-- None Available
-- Mid Valley Title & Escrow Co
$795,000 Mid Valley Title & Escrow Co
-- Mid Valley Title & Escrow Co
$202,000 First American Title Ins Co
-- --
-- --
$168,000 Fidelity National Title
-- Fidelity National Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,372 $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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