NOT LISTED FOR SALE

811 W 2nd Ave Chico, CA 95926

Chico Vecino Neighborhood
8 Beds
5 Baths
8,880 Sq Ft
0.51 Acres

Last Sold February 13, 2017

Last sale price $1,025,000 $115 Per Sq Ft

56 Days on Market

Highlights

  • 22,216 Sq Ft lot
  • Open Floorplan
  • Lawn
  • Chico Junior High School Rated A-
  • Contemporary Architecture
  • Resident Manager or Management On Site

About This Home

As of February 2017

Currently in escrow but will accept back-up offers. Looking for a solid multi unit investment? Hidden Court is it! This meticulously maintained investment opportunity consists of six 1500 square foot 4 bedroom 2 bath townhouses and one studio located two blocks from CSU, Chico. Hidden Court has NEVER experienced a full semester vacancy with all leases for a 12 month term. Full off street parking with 24 spaces. It has been professionally managed with the same ownership since 1993. All townhouses include a fireplace, central heat and air, back patios, and much more! Laundry room and storage room on-site.

Last Agent to Sell the Property

Larry Ruby

Larry Ruby, Broker License #00890357 Listed on: 11/08/2016

Last Buyer's Agent

B.J. Parsons

Parkway Real Estate Co. License #01009924

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.51 Acre Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Landscaped
  • Front and Back Yard Sprinklers
  • Lawn

Parking

  • 24 Parking Spaces

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 8,880 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Family Room with Fireplace
  • Storage
  • Laundry Room

Kitchen

  • Self-Cleaning Oven
  • Electric Cooktop
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 043162019000

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Picnic Area
  • Laundry Facilities
  • Community Storage Space

Building Details

  • 7 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,200
  • Insurance Expense $3,000
  • Professional Management Expense $1,560
  • Trash Expense $2,040
  • Water Sewer Expense $4,800
  • New Taxes Expense $9,600
  • Operating Expense $30,000
  • Gross Income $97,000
  • Net Operating Income $67,000

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Professional Management Expense: 1560.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Security System
  • Water Sewer Expenses: 4800.00
  • Zoning: CITY
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 043162019000
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Open Floorplan, Storage
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 115.43

Exterior Features

  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Lap Siding

Garage/Parking

  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, Electric Cooktop, Disposal, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2040.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Picnic Area, Storage, Management
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Lot 20000-39999 Sqft, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 22216.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 4200.00
  • Gross Income: 97000.00
  • Gross Scheduled Income: 97000.00
  • Insurance Expense: 3000.00
  • Laundry Income: 1200.00
  • Net Operating Income: 67000.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Carpet: 7
  • Number With Disposal: 6
  • Number With Drapes: 7
  • Number With Patio: 6
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Operating Expense: 30000.00
  • Rent Control: No
  • Total Actual Rent: 8065.00
  • Total Expenses: 30000.00

Tax Info

  • New Taxes Expense: 9600.00
  • Tax Census Tract: 6.04

Range of Values:

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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 Change Sq Ft Price
02/13/2017 02/13/17 Sold $1,025,000 -2.4% $115 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
12/21/2016 12/21/16 Price Changed $1,050,000 -8.7% $118 / Sq Ft
12/08/2016 12/08/16 For Sale $1,150,000 0.0% $130 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
11/08/2016 11/08/16 For Sale $1,150,000 -- $130 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Larry Ruby

    Seller's Agent in 2017

    Larry Ruby

    Larry Ruby, Broker

    (530) 342-2214

    Larry Ruby
    Section Image

  • B

    Buyer's Agent in 2017

    B.J. Parsons

    Parkway Real Estate Co.

    (530) 592-3432

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH16733579

California Regional Multiple Listing Service (CRMLS)

California Butte County Chico 95926 Chico Vecino

811 W 2nd Ave, Chico, CA

This home is located at 811 W 2nd Ave, Chico, CA 95926 since 08 November 2016. This property was built in 1984. 811 W 2nd Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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