NOT LISTED FOR SALE
5 Beds
6 Baths
2,691 Sq Ft
10,019 Sq Ft Lot

Last Sold October 16, 2023

Last sale price $622,500 $231 Per Sq Ft

87 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Hiking Trails
  • Parkview Elementary School Rated A-
  • Neighborhood Views
  • Built-In Features

About This Home

As of October 2023

Welcome to 765 Humboldt Ave. This is your opportunity to own an exceptional 6-unit property located only a short distance from Downtown Chico and Bidwell Park. Backing up to Little Chico Creek, this prime real estate gem offers the perfect blend of convenience, comfort, and potential, making it an ideal prospect for investors looking to expand their portfolios. The main building on this property consists of 4 cozy one-bedroom units and 1 studio unit. The back building hosts a separate one-bedroom unit, offering a little more privacy. Plenty of on-site and street parking is available. Separate gas/electric meters ensure a hassle-free billing system for the tenants. The basement of the main building hosts separate water heaters for each unit, allowing for quick and efficient maintenance. Recent improvements to the property consist of new exterior paint on the front and side of the main building and some new exterior siding. Whole house and pest inspections are listed on file. Don't miss out on this rare 6-unit investment property in a prime location.

Last Agent to Sell the Property

Chenoa Rivera

Keller Williams Realty Chico Area License #02020337 Listed on: 07/14/2023

Keller Williams Realty Chico Area

Last Buyer's Agent

Chenoa Rivera

Keller Williams Realty Chico Area License #02020337 Listed on: 07/14/2023

Keller Williams Realty Chico Area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 10,019 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Rectangular Lot
  • Density is 6-10 Units/Acre

Parking

  • 8 Parking Spaces

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 2,691 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Neighborhood Views
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling Available
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Assessor Parcel Number 004450009000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $216
  • Insurance Expense $4,250
  • Maintenance Expense $120
  • Trash Expense $1,320
  • Water Sewer Expense $2,880
  • Operating Expense $8,786
  • Gross Income $50,880
  • Net Operating Income $42,094

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2880.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 004450009000
  • Year Built: 1885
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 231.33

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Rectangular Lot
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 216.00
  • Gross Income: 50880.00
  • Gross Scheduled Income: 50880.00
  • Insurance Expense: 4250.00
  • Lot Size Area: 10019.0000 Square Feet
  • Maintenance Expense: 120.00
  • Net Operating Income: 42094.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 8786.00
  • Rent Control: No
  • Total Expenses: 8786.00

Tax Info

  • Tax Census Tract: 10.00
  • Tax Lot: 4
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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
10/16/2023 10/16/23 Sold $622,500 -10.9% $231 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $699,000 -- $260 / 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 $7,058 $647,600 $183,600 $464,000
2024 $7,058 $630,000 $180,000 $450,000
2023 $2,996 $264,626 $79,647 $184,979
2022 $2,948 $259,487 $78,086 $181,401
2021 $2,890 $254,449 $76,555 $177,894
2020 $2,885 $251,867 $75,771 $176,096
2019 $2,837 $246,979 $74,286 $172,693
2018 $2,784 $242,186 $72,830 $169,356
2017 $2,724 $237,487 $71,402 $166,085
2016 $2,490 $232,880 $70,002 $162,878
2015 $2,490 $229,420 $68,951 $160,469
2014 $2,436 $224,976 $67,601 $157,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23125549

California Regional Multiple Listing Service (CRMLS)
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