NOT LISTED FOR SALE

929 Nord Ave Chico, CA 95926

10 Beds
6 Baths
60,988 Sq Ft
2.45 Acre Lot

Sale Details

Date 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
  • Central Heating and Cooling System

About This Home

As of December 2019

Superbly located 40-unit garden apartments, a very short walk or ride to CSU Chico, the Safeway Center on Nord, Walgreens, and many shops and restaurants. Refer to the additional documents, complete the NDA, and email or fax and we will get the offering memorandum right out to you.

Last Agent to Sell the Property

William Sheridan

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

Last Buyer's Agent

General NONMEMBER

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 in unit
  • 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

2.45 Acres

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2019
Closed on
Dec 17, 2019
Sold by
Bought by
Seller's Agent
William Sheridan
SFInvest Real Estate
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$9,433,275
Sold Price
$9,600,000
Premium/Discount to List
$166,725
1.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2001
Sold by
Bought by
Source: Public Records
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Purchase 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 Buyer Sale Price Title Company
$9,455,000 Mid Valley Title
-- --
-- --
-- --
-- --
-- Mid Valley Title & Escrow Co
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $133,000,000
Closed $50,000,000
Closed $3,200,000
Closed $25,000
Previous Owner --
Previous Owner $3,000,000
Previous Owner $900,000
Previous Owner $1,176,000
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
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

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

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 $119,192 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19190891

California Regional Multiple Listing Service (CRMLS)
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