$1,280,000
SOLD AUG 18, 2017
19 Beds
10 Baths
11,862 Sq Ft
0.38 Acres

Recently Sold

$108 Per Sq Ft

5% Below List Price

3 Days on Market

Highlights

  • 16,553 Sq Ft lot
  • Corner Lot
  • Laundry Room
  • Parkview Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of November 2024

Close to downtown and Bidwell park, this multi plex property has a new roof and is ready for a new owner. Owner has taken great care of this mostly original complex and is pricing it accordingly. It can be a great move up investment as is, or you could add additional value by updating these units and bringing your own style to the property. Property consists of Sixteen 2/1's and one 1/1 with on site laundry.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 06/12/2017

Re/Max of Chico

Last Buyer's Agent

MaryAnn Scott

Parkway Real Estate Co. License #00784476

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • 11,862 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room

Parking

  • Parking Available
  • Off-Street Parking
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 004447040000

Community Details

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,318
  • Insurance Expense $4,577
  • Professional Management Expense $7,624
  • Trash Expense $3,003
  • Water Sewer Expense $7,602
  • New Taxes Expense $13,500
  • Operating Expense $42,624
  • Gross Income $11,235
  • Net Operating Income $92,196

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 7624.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7602.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 004447040000
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 107.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned, Off Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 3003.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 16553.00

Multi Family

  • Electric Expense: 6318.00
  • Gross Income: 11235.00
  • Gross Scheduled Income: 134820.00
  • Insurance Expense: 4577.00
  • Net Operating Income: 92196.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 17
  • Operating Expense: 42624.00
  • Rent Control: No
  • Total Expenses: 42624.00

Tax Info

  • New Taxes Expense: 13500.00
  • Tax Census Tract: 10.00

Range of Values:

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List Price
Sold Price
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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
11/13/2024 11/13/24 Sold $1,850,000 -15.9% $156 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $2,200,000 0.0% $185 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $2,200,000 +71.9% $185 / Sq Ft
08/18/2017 08/18/17 Sold $1,280,000 -5.2% $108 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $1,350,000 -- $114 / 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: CH17132170

California Regional Multiple Listing Service (CRMLS)