NOT LISTED FOR SALE

803 Normal Ave Unit 1 Chico, CA 95928

South Campus Neighborhood
6 Beds
4 Baths
2,390 Sq Ft
8,712 Sq Ft Lot

Last Sold October 25, 2024

Last sale price $419,000 $175 Per Sq Ft

230 Days on Market

Highlights

  • View of Trees or Woods
  • Property is near public transit
  • Private Yard
  • Chico Junior High School Rated A-
  • Corner Lot
  • No HOA

About This Home

As of October 2024

Rare investment opportunity near Chico State University and beautiful downtown Chico!

Situated at the intersection of W 8th St and Normal Ave, this 6-bedroom, 4-bathroom duplex is conveniently located in a highly desirable area. The lower unit comprises 5 bedrooms and 3 bathrooms, along with an indoor laundry room, while the upper unit consists of 1 bedroom and 1 bathroom. Forced air heating and cooling in Unit 1 and new split heating and cooling system in Unit 2. Additionally, the property includes a 6-space parking lot on the southern side, which could be used to build an additional dwelling unit.

Don't miss out on this investment opportunity! Consistent rental in a great location. Seller may finance, terms negotiable.

Last Agent to Sell the Property

Michael Lee

Ryno Company Brokerage Phone: 5305703222 License #02216710 Listed on: 02/09/2024

Co-Listed By

Ryan Vaught

Ryno Company Brokerage Phone: 5305703222 License #01444141

Last Buyer's Agent

Jon Kressin

Kressin Real Estate License #01467065

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • No Landscaping
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Private Yard
  • Front Yard

Property Views

  • Woods
  • Neighborhood

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 2,390 Sq Ft Home
  • 2-Story Property
  • Wainscoting
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Living Room

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Gas Range
  • Free-Standing Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Side by Side Parking
  • Gravel Driveway
  • Driveway Level
  • Parking Lot

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Overhead Utilities
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 7,8 / 42
  • Assessor Parcel Number 004284001000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,100
  • Insurance Expense $1,650
  • Professional Management Expense $4,938
  • Trash Expense $1,825
  • Water Sewer Expense $900
  • New Taxes Expense $6,985
  • Operating Expense $18,708
  • Gross Income $50,880
  • Net Operating Income $31,154

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Professional Management Expense: 4938.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: R-P
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 004284001000
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Pantry, Wainscoting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 175.31
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Exterior Features: Lighting
  • View: Neighborhood, Trees/Woods
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Gravel, Driveway Level, On Site, Oversized, Parking Space, Side by Side
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Refrigerator, Self Cleaning Oven, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1825.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Corners Marked, Front Yard, Level with Street, Rectangular Lot, Near Public Transit, No Landscaping, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 50880.00
  • Gross Operating Income: 49862.00
  • Gross Scheduled Income: 50880.00
  • Insurance Expense: 1650.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 31154.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 18708.00
  • Rent Control: No
  • Total Actual Rent: 4240.00
  • Total Expenses: 18708.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 6985.00
  • Tax Block: 42
  • Tax Census Tract: 10.00
  • Tax Lot: 7,8

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
10/25/2024 10/25/24 Sold $419,000 0.0% $175 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/10/2024 09/10/24 Price Changed $419,000 -10.7% $175 / Sq Ft
06/27/2024 06/27/24 Price Changed $469,000 -2.1% $196 / Sq Ft
05/16/2024 05/16/24 Price Changed $479,000 0.0% $200 / Sq Ft
05/16/2024 05/16/24 For Sale $479,000 -3.2% $200 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $495,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24026616

California Regional Multiple Listing Service (CRMLS)