NOT LISTED FOR SALE

719 Chestnut St Unit 1 Chico, CA 95928

South Campus Neighborhood
24 Beds
16 Baths
6,000 Sq Ft
7,841 Sq Ft Lot

Last Sold May 26, 2023

Last sale price $2,360,000 $393 Per Sq Ft

10 Days on Market

Highlights

  • Corner Lot
  • Chico Junior High School Rated A-
  • Laundry Room

About This Home

As of May 2023

Attention all investors! Are you looking for top-notch student property near CSU,Chico in the heart of downtown Chico? Look no further than this amazing income property, with not one, not two, but three buildings spread across two lots— For a whopping total of 24 bedrooms and 16 bathrooms! There’s 2 units in each building; with one building featuring 2 newer construction 4bed/4 bath units— That’s 6 upgraded units! Complete with granite counters, wood style plank flooring, and stainless appliances. 4 units are furnished with mini split heat/ac; great for roommates, so they can control the temperature in their own personal space. Plus tenants love the conveinence of having a washer/dryer in unit. All of this, within a stone's throw of local bus routes and just a hop, skip, and jump away from everything downtown has to offer, including CSU Chico, delicious eateries, and an array of shopping and convenience stores.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 03/29/2023

Re/Max of Chico

Last Buyer's Agent

Ralph Norton

Rodeo Realty License #01005061

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2019

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • 004274001000

Home Design

  • Apartment

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 7 / 92
  • Assessor Parcel Number 004274016000

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,500
  • Insurance Expense $2,387
  • Professional Management Expense $17,059
  • Trash Expense $1,500
  • Water Sewer Expense $4,500
  • New Taxes Expense $28,050
  • Operating Expense $54,996
  • Gross Income $16,770
  • Net Operating Income $158,244

Property Details

Home Type

Multi-Family

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Price Per Unit: 425000
  • Professional Management Expense: 17059.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4500.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 004274016000
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 393.33

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 004274001000
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 16770.00
  • Gross Scheduled Income: 213240.00
  • Insurance Expense: 2387.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 158244.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 6
  • Number Wall A C: 2
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 54996.00
  • Other Income1: 200.00
  • Other Income2: 800.00
  • Other Income Description: RUBS & Maintenace
  • Rent Control: Yes
  • Total Expenses: 54996.00

Tax Info

  • New Taxes Expense: 28050.00
  • Tax Block: 92
  • Tax Census Tract: 10.00
  • Tax Lot: 7

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
05/26/2023 05/26/23 Sold $2,360,000 -7.5% $393 / Sq Ft
04/08/2023 04/08/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $2,550,000 -- $425 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steven Depa

    Seller's Agent in 2023

    Steven Depa

    RE/MAX

    (530) 520-8672

    11 in this area

    144 Total Sales

    Section Image
  • Ralph Norton

    Buyer's Agent in 2023

    Ralph Norton

    Rodeo Realty

    (818) 349-9997

    1 in this area

    39 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23049947

California Regional Multiple Listing Service (CRMLS)

California Butte County Chico 95928 South Campus

719 Chestnut St Unit 1, Chico, CA

This home is located at 719 Chestnut St Unit 1, Chico, CA 95928 since 29 March 2023. This property was built in 2019. 719 Chestnut St Unit 1 is a home located in Butte County with nearby schools including Citrus Avenue 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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