NOT LISTED FOR SALE
24 Beds
6 Baths
8,064 Sq Ft
9,583 Sq Ft Lot

Last Sold February 03, 2022

Last sale price $995,000 $123 Per Sq Ft

23 Days on Market

Highlights

  • Fireplace in Kitchen
  • No HOA
  • Laundry Room
  • Chico Junior High School Rated A-
  • Cul-De-Sac
  • Central Heating and Cooling System

About This Home

As of February 2022

Number 7,8, 9 A and 7,8,9 B total of 6 units.
Great location in this 6-plex consisting of 3 buildings Each building has (2) 4 bed/2 bath townhouse style units with fireplace in the living room, consisting of one bedroom and full bath downstairs and 3 bedrooms and full bath upstairs with outdoor laundry room for all tenant with 4 washer and dryer that brings in about $1000 income.
Some siding repairs needed on the siding and some inside update. Units all being rented with a long-term tenant and fully leased and close to CSUC.

Last Agent to Sell the Property

Sima Saboury

Porchlight Real Estate Brokers License #01792124 Listed on: 12/10/2021

Last Buyer's Agent

Sandi Bauman

Chico Homes License #01460929

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 9,583 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Density is 6-10 Units/Acre

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 8,064 Sq Ft Home
  • Ceiling Fan
  • Dining Room with Fireplace
  • Laminate Flooring

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 24 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer
  • 220 Volts In Laundry

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Assessor Parcel Number 043162030000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $1,440
  • Insurance Expense $2,000
  • Pest Control $350
  • Trash Expense $1,200
  • Water Sewer Expense $5,000
  • New Taxes Expense $10,000
  • Operating Expense $20,590
  • Gross Income $82,500
  • Net Operating Income $61,910

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 5000.00
  • Zoning: 00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 043162030000
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Fireplace Features: Dining Room, Kitchen
  • Levels: Two
  • Price Per Square Foot: 123.39
  • Room Type: All Bedrooms Up, Kitchen

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Gas Water Heater
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Outside, Washer Hookup
  • Pest Control Expense: 350.00
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Cul-De-Sac, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 82500.00
  • Gross Operating Income: 82500.00
  • Gross Scheduled Income: 82500.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1000.00
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 61910.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Expenses: 20590.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Census Tract: 6.04
  • Tax Lot: 4

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
02/03/2022 02/03/22 Sold $995,000 0.0% $123 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
12/10/2021 12/10/21 For Sale $995,000 -- $123 / 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 $11,471 $1,055,716 $122,038 $933,678
2024 $11,471 $1,032,076 $119,646 $912,430
2023 $11,337 $1,014,840 $117,300 $897,540
2022 $3,963 $350,542 $94,778 $255,764
2021 $3,890 $343,728 $92,920 $250,808
2020 $3,879 $340,236 $91,968 $248,268
2019 $3,810 $333,624 $90,165 $243,459
2018 $3,742 $327,143 $88,398 $238,745
2017 $3,714 $320,788 $86,665 $234,123
2016 $3,397 $314,558 $84,966 $229,592
2015 $3,398 $309,879 $83,690 $226,189
2014 $3,319 $303,869 $82,051 $221,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21260377

California Regional Multiple Listing Service (CRMLS)