NOT LISTED FOR SALE

726 W 2nd Ave Chico, CA 95926

Chico Vecino Neighborhood
19 Beds
9 Baths
6,910 Sq Ft
0.39 Acres

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

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

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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Barroso

    Seller's Agent in 2019

    John Barroso

    Parkway Real Estate Co.

    (530) 570-8489

    35 in this area

    285 Total Sales

    John Barroso
    Section Image

  • R

    Buyer's Agent in 2019

    Robin Miller

    Parkway Real Estate Co.

    (530) 809-3700

    31 Total Sales

    Robin Miller
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19127860

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

726 W 2nd Ave, Chico, CA

This home is located at 726 W 2nd Ave, Chico, CA 95926 since 06 June 2019. This property was built in 1989. 726 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.

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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