NOT LISTED FOR SALE

724 W 2nd Ave Chico, CA 95926

Chico Vecino Neighborhood
6 Beds
2 Baths
11,504 Sq Ft
0.52 Acres

Last Sold September 14, 2012

Last sale price $600,000 $52 Per Sq Ft

13 Days on Market

Highlights

  • 0.52 Acre Lot
  • Contemporary Architecture
  • Central Heating and Cooling System
  • Chico Junior High School Rated A-
  • Laundry Room

About This Home

As of September 2012

This property consists of 11 units located in Chico CA. The property has a 3 bedroom 1 bath home in front, with apartments in the rear. All 10 apartments are three bedrooms, one bath units and consist of both upstairs and downstairs units. A laundry room is shared by all units located between the house and the apartments. Units have full kitchens equipped with dishwasher, range, stove and refrigerator. Property is located less than one mile from California State University Chico, which is approximately a 10 minute walk to campus. Property is near bus routes, and within a short bike or walking distance to downtown Chico.

Last Agent to Sell the Property

Ryan Vaught

Ryno Company License #01444141 Listed on: 03/08/2012

Last Buyer's Agent

Ryan Vaught

Ryno Company License #01444141 Listed on: 03/08/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.52

Parking

  • 19 Parking Spaces

Home Design

  • 11,504 Sq Ft Home
  • Contemporary Architecture

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • 0.52 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 043150046000

Community Details

Overview

  • 2 Buildings
  • 11 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 11 Separate Water Meters
  • Insurance Expense $2,600
  • Maintenance Expense $8,750
  • Professional Management Expense $7,872
  • Trash Expense $2,100
  • Water Sewer Expense $2,000
  • New Taxes Expense $8,125
  • Gross Income $8,200
  • Net Operating Income $51,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • CapRate: 7.96
  • Professional Management Expense: 7872.00
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 043150046000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 52.16

Garage/Parking

  • Total Parking Spaces: 19.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 2100.00
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 22651.00
  • Lot Size Acres: 0.5200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1025
  • Gross Income: 8200.00
  • Gross Multiplier: 6.61
  • Gross Scheduled Income: 98400.00
  • Insurance Expense: 2600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 22651.0000 Square Feet
  • Maintenance Expense: 8750.00
  • Net Operating Income: 51740.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 11
  • Number With Dishwasher: 11
  • Number With Range: 11
  • Number With Refrigerator: 11
  • Operating Expense: 39772.00
  • Rent Control: No
  • Total Actual Rent: 8000.00
  • Vacancy Allowance: 7

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Year: 2011

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
09/14/2012 09/14/12 Sold $600,000 -7.7% $52 / Sq Ft
03/21/2012 03/21/12 Pending -- -- --
03/08/2012 03/08/12 For Sale $650,000 -- $57 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Vaught

    Seller's Agent in 2012

    Ryan Vaught

    Ryno Company

    (530) 343-2959

    3 in this area

    15 Total Sales

    Ryan Vaught
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH12031850

California Regional Multiple Listing Service (CRMLS)
California Butte County Chico 95926 Chico Vecino

724 W 2nd Ave, Chico, CA

This home is located at 724 W 2nd Ave, Chico, CA 95926 since 08 March 2012. This property was built in 1983. 724 W 2nd Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

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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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