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

Sale Details

Date 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

8,712 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)

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)
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