NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold April 06, 2023

Last sale price $950,000

About This Home

Rare opportunity to own a 5-unit boutique multi-family property located in the most prime student housing neighborhood that Chico has to offer. Student properties that are located from West 2nd St. to West 5th St and from Normal St. to Orange St., this area makes up what is called the “Golden Rectangle” of Chico student housing. This is the most in-demand location for student housing and thus offers the highest income potential in the area. This property offers the easiest walk to Chico State, Historic Downtown Chico, the best college bar in America; Rileys Bar, multiple fraternities & sororities, fantastic local restaurants, coffee shops, and the location for both Thursday and Saturday Farmer’s Markets. Many students live in this neighborhood and don’t need a car because they can walk and bike almost anywhere that they need to go. It’s almost 100% student housing, but the advantages are that you have a constant steady flow of renters. The current owner just completed an extensive remodel of the larger three-bedroom, one-bath unit in September of 2022. This remodel was complete with new paint, flooring, countertops, HVAC system, fixtures, and more. The three-bedroom is the newest of the remodeled units, but the entire property has been well-maintained and is ready for its new owners. Call your favorite realtor and set up a tour!

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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 Prior Sale
04/06/2023 04/06/23 Sold $950,000 -13.2% $286 / Sq Ft View Prior Sale
10/06/2022 10/06/22 For Sale $1,095,000 +79.5% $329 / Sq Ft
01/05/2018 01/05/18 Sold $610,000 -0.8% $183 / Sq Ft View Prior Sale
12/02/2017 12/02/17 Pending -- -- --
11/30/2017 11/30/17 For Sale $615,000 -- $185 / Sq Ft

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 $10,713 $988,339 $208,080 $780,259
2024 $10,713 $967,980 $204,000 $763,980
2023 $7,441 $667,027 $196,855 $470,172
2022 $7,322 $653,969 $192,996 $460,973
2021 $7,185 $641,166 $189,212 $451,954
2020 $7,164 $634,603 $187,272 $447,331
2019 $7,035 $622,180 $183,600 $438,580
2018 $2,761 $242,774 $54,022 $188,752
2017 $2,704 $238,034 $52,963 $185,071
2016 $2,469 $233,387 $51,925 $181,462
2015 $2,470 $229,898 $51,146 $178,752
2014 $2,411 $225,416 $50,145 $175,271
Source: Public Records

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