NOT LISTED FOR SALE
19 Beds
9 Baths
6,910 Sq Ft
16,988 Sq Ft Lot

Last Sold December 31, 2019

Last sale price $1,060,000 $153 Per Sq Ft

149 Days on Market

Highlights

  • 0.39 Acre Lot
  • Property is near public transit
  • No HOA
  • Chico Junior High School Rated A-
  • Granite Countertops
  • Neighborhood Views

About This Home

As of December 2019

This five unit complex is a great investment opportunity! First unit is a single family with 3 bedrooms, 1 bath, hardwood floors and fireplace. The structure directly behind the front house consists of four units that are all 4 bedrooms and 2 bathrooms, all recently updated with granite counter tops, new sinks, new flooring and fresh paint. New roof installed in August of 2018 and all four units are equipped with fire sprinklers. The property has six PG&E meters, two water meters and a coin operated laundry room for all tenants to use with two washers and two dryers. Live in the front home and rent out the 4-plex! Great location near Chico State University, downtown and shopping!

Last Agent to Sell the Property

John Barroso

Parkway Real Estate Co. License #01434090 Listed on: 06/06/2019

Last Buyer's Agent

Robin Miller

Parkway Real Estate Co. License #01483965

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.39 Acre Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 6,910 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Private Sewer

Listing and Financial Details

  • Tax Tract Number 6
  • Assessor Parcel Number 043150029000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $647
  • Gardener Expense $2,175
  • Insurance Expense $2,965
  • Maintenance Expense $3,168
  • Trash Expense $2,071
  • Water Sewer Expense $4,703
  • New Taxes Expense $8,040
  • Operating Expense $24,153
  • Gross Income $103,104
  • Net Operating Income $73,796

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0.39 Acres

Listing Details

  • CapRate: 6.25
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 4703.00
  • Zoning: CITY
  • Property Type: Residential Income
  • Gardener Expense: 2175.00
  • Parcel Number: 043150029000
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 153.40

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range
  • Heating Type: Central
  • Laundry Features: Community, Dryer Included, Washer Included
  • Sewer: Private Sewer
  • Trash Expense: 2071.30
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Near Public Transit
  • Lot Size Sq Ft: 16988.00
  • Lot Size Acres: 0.3900

Multi Family

  • Electric Expense: 647.08
  • Gross Income: 103104.00
  • Gross Operating Income: 97948.00
  • Gross Scheduled Income: 103104.00
  • Insurance Expense: 2965.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 514.00
  • Lot Size Area: 16988.0000 Square Feet
  • Maintenance Expense: 3168.00
  • Net Operating Income: 73796.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 5
  • Operating Expense: 24152.80
  • Rent Control: No
  • Total Expenses: 24152.83
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8040.00
  • Tax Tract Number: 6.04
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
12/31/2019 12/31/19 Sold $1,060,000 -11.5% $153 / Sq Ft
11/02/2019 11/02/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $1,198,000 -- $173 / 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 $12,580 $1,159,074 $328,093 $830,981
2024 $12,580 $1,134,387 $321,660 $812,727
2023 $12,432 $1,114,145 $315,353 $798,792
2022 $12,236 $1,092,339 $309,170 $783,169
2021 $12,006 $1,070,960 $303,108 $767,852
2020 $11,973 $1,060,000 $300,000 $760,000
2019 $8,805 $777,459 $343,013 $434,446
2018 $8,645 $762,255 $336,288 $425,967
2017 $7,435 $652,000 $220,000 $432,000
2016 $6,925 $652,000 $220,000 $432,000
2015 $6,283 $582,000 $220,000 $362,000
2014 $5,299 $492,000 $220,000 $272,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19127860

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.