NOT LISTED FOR SALE

929 Nord Ave Chico, CA 95926

10 Beds
6 Baths
60,988 Sq Ft
2.45 Acres

Last Sold December 20, 2019

Last sale price $9,600,000 $157 Per Sq Ft

20 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Balcony
  • Chico Junior High School Rated A-
  • Home Gym
  • Laundry Room

About This Home

As of December 2019

Get 2 Months Free - contact our team for details! Limited spots left. Welcome to Gateway Apartments, your new home in Chico. Located in the lively South Campus Neighborhood, we're a quick 10-minute to Chico State campus and steps to downtown. Our spacious four-bedroom apartments, ranging from 1414 to 1568 square feet, are perfect for those wanting a spacious apartment with modern amenities. Start your day with a workout at our fitness center, then sit back in our lounge chairs by the pool or BBQ with friends. Weekends are for cornhole and disc golf, all right outside your front door.

Last Agent to Sell the Property

William Sheridan

SFInvest Real Estate License #00864265 Listed on: 08/08/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 2.45 Acre Lot
  • 1 Common Wall
  • Density is 26-30 Units/Acre

Parking

  • 119 Parking Spaces

Home Design

  • Apartment
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 60,988 Sq Ft Home
  • 2-Story Property
  • Home Gym

Kitchen

  • Built-In Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Gunite Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • 220 Volts
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 043290088000

Community Details

Overview

  • No Home Owners Association
  • 10 Buildings
  • 40 Units

Recreation

  • Community Pool

Building Details

  • 40 Leased Units
  • Rent Control
  • 40 Separate Electric Meters
  • 40 Separate Gas Meters
  • 40 Separate Water Meters
  • Electric Expense $9,668
  • Insurance Expense $14,343
  • Professional Management Expense $33,507
  • Trash Expense $20,800
  • Water Sewer Expense $4,292
  • New Taxes Expense $107,187
  • Operating Expense $356,576
  • Gross Income $837,673
  • Net Operating Income $481,097

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Inclusions: washers and dryers in every apartment.
  • Professional Management Expense: 33507.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 4292.00
  • Zoning: C1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 043290088000
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 157.41
  • Room Type: Exercise Room

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Features: Community, Gunite, In Ground, Salt Water
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Total Parking Spaces: 119.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Range Hood, Refrigerator, Water Heater
  • Electric: 220 Volts
  • Heating Type: Central, Heat Pump
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 20800.00
  • Water Source: Public
  • Cooling: Central Air
  • 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: 26-30 Units/Acre, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 106722.00
  • Lot Size Acres: 2.4500

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 9668.00
  • Gross Income: 837673.00
  • Gross Scheduled Income: 837673.00
  • Insurance Expense: 14343.00
  • Lot Size Area: 106722.0000 Square Feet
  • Net Operating Income: 481097.00
  • Number Of Separate Electric Meters: 40
  • Number Of Separate Gas Meters: 40
  • Number Of Separate Water Meters: 40
  • Number Of Units Leased: 40
  • Number Of Units Total: 40
  • Number With Carpet: 40
  • Number With Dishwasher: 40
  • Number With Disposal: 40
  • Number With Patio: 40
  • Number With Range: 40
  • Number With Refrigerator: 40
  • Operating Expense: 356576.00
  • Rent Control: Yes
  • Total Actual Rent: 834073.00
  • Total Expenses: 356576.00

Tax Info

  • New Taxes Expense: 107187.00
  • Tax Census Tract: 5.02

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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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 Off Market $675 -- --
04/28/2025 04/28/25 Price Changed $675 -2.9% $2 / Sq Ft
03/01/2025 03/01/25 For Rent $695 0.0% --
06/07/2022 06/07/22 For Rent $695 0.0% --
05/18/2022 05/18/22 For Rent $695 0.0% --
12/20/2019 12/20/19 Sold $9,600,000 -1.0% $157 / Sq Ft
12/19/2019 12/19/19 Price Changed $9,700,000 0.0% $159 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
08/22/2019 08/22/19 Price Changed $9,700,000 +2.8% $159 / Sq Ft
08/08/2019 08/08/19 For Sale $9,433,275 -- $155 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $112,079 $10,336,721 $2,187,291 $8,149,430
2024 $112,079 $10,098,747 $2,144,403 $7,954,344
2023 $110,765 $9,936,733 $2,102,356 $7,834,377
2022 $109,033 $9,742,602 $2,061,134 $7,681,468
2021 $106,988 $9,552,277 $2,020,720 $7,531,557
2020 $40,146 $3,542,889 $388,961 $3,153,928
2019 $39,429 $3,474,128 $381,335 $3,092,793
2018 $38,718 $3,406,714 $373,858 $3,032,856
2017 $38,265 $3,340,623 $366,528 $2,974,095
2016 $34,970 $3,275,828 $359,342 $2,916,486
2015 $34,977 $3,227,164 $353,945 $2,873,219
2014 $34,152 $3,164,654 $347,012 $2,817,642
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19190891

California Regional Multiple Listing Service (CRMLS)