Seller's Agent in 2023
Brent Silberbauer
eXp Realty of California, Inc.
3 in this area
94 Total Sales
739 W 3rd St Chico, CA 95928
South Campus Neighborhood
5
Beds
5
Baths
3,327
Sq Ft
3,485
Sq Ft Lot
Highlights
- Property is near public transit
- Wooded Lot
- High Ceiling
- Chico Junior High School Rated A-
- Main Floor Bedroom
- Granite Countertops
About This Home
As of April 2023Rare 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!
Last Listed By
eXp Realty of California, Inc. License #02019819 Listed on: 10/06/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 3,485 Sq Ft Lot
- Two or More Common Walls
- Chain Link Fence
- Rectangular Lot
- Level Lot
- Wooded Lot
- Private Yard
Home Design
- Property Attached
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,327 Sq Ft Home
- 2-Story Property
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Blinds
- Bay Window
- Window Screens
- Living Room
- Storage
- Laminate Flooring
- Neighborhood Views
Kitchen
- Gas Oven
- Self-Cleaning Oven
- Gas Range
- Free-Standing Range
- Microwave
- Dishwasher
- Granite Countertops
- Laminate Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- Jack-and-Jill Bathroom
- 5 Bathrooms
Laundry
- Laundry Room
- 220 Volts In Laundry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Driveway Level
- Paved Parking
- On-Street Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- High Efficiency Air Conditioning
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Wall Furnace
- Overhead Utilities
- Water Heater
- Phone Available
- Cable TV Available
Additional Features
- ENERGY STAR Qualified Equipment
- Property is near public transit
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 7,8 / 71
- Assessor Parcel Number 004121002000
Community Details
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $2,500
- Maintenance Expense $2,000
- Pest Control $500
- Professional Management Expense $6,701
- Water Sewer Expense $1,800
- New Taxes Expense $12,045
- Operating Expense $29,096
- Gross Income $83,760
- Net Operating Income $52,151
Additional Features
- 5 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/06/2023 04/06/23 | Sold | $950,000 | -13.2% | $286 / Sq Ft |
| 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 |
| 12/02/2017 12/02/17 | Pending | -- | -- | -- |
| 11/30/2017 11/30/17 | For Sale | $615,000 | -- | $185 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Brent Silberbauer
-
Kenneth Winslow
Buyer's Agent in 2023
Kenneth Winslow
RE/MAX
(530) 809-3700
2 in this area
17 Total Sales
-
Ryan Vaught
Seller's Agent in 2018
Ryan Vaught
Ryno Company
(530) 343-2959
5 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN22217021
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