NOT LISTED FOR SALE
-- Bed
1 Bath
3,300 Sq Ft
8,712 Sq Ft Lot

Last Sold March 24, 2016

Last sale price $620,000 $188 Per Sq Ft

14 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Forced Air Heating and Cooling System
  • Chico Junior High School Rated A-
  • Laundry Room
  • Turnkey

About This Home

As of March 2016

Awesome 10 unit complex near Chico State. All studios, easy to rent. Great well maintained units with community laundry area. Parking is off street. Please submit all offers

Last Agent to Sell the Property

John Spain

Century 21 Select Real Estate, Inc. License #1086181 Listed on: 02/04/2016

Century 21 Select Real Estate, Inc.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Sprinkler System
  • Private Yard

Home Design

  • Property Attached
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1 Bathroom
  • 3,300 Sq Ft Home
  • 2-Story Property
  • Carpet

Kitchen

  • Electric Oven
  • Electric Range

Laundry

  • Laundry Room
  • Laundry Located Outside
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 20 Parking Spaces
  • Parking Available
  • Unassigned Parking

Additional Features

  • Urban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 004290058000

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Electric Expense $532
  • Gardener Expense $2,305
  • Insurance Expense $4,010
  • Other Expense $1,152
  • Trash Expense $1,826
  • Water Sewer Expense $500
  • New Taxes Expense $73
  • Gross Income $5,500
  • Net Operating Income $45,449

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.80
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 500.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 2305.00
  • Parcel Number: 004290058000
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level With Steps,Ground Level No Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 187.88

Exterior Features

  • Foundation: Slab
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Forced Air
  • Laundry Features: Community, Outside
  • Trash Expense: 1826.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Lot Features: Lot 6500-9999, Sprinkler System, Yard
  • Lot Size Sq Ft: 8712.00
  • Price Per Lot Square Foot: 71.17
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average Studio Area: 330
  • Electric Expense: 532.00
  • Gross Income: 5500.00
  • Gross Scheduled Income: 60065.00
  • Insurance Expense: 4010.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 45449.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 14616.00
  • Other Expense: 1152.00
  • Other Expense Description: cleaning
  • Rent Control: No

Tax Info

  • New Taxes Expense: 73.00

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
03/24/2016 03/24/16 Sold $620,000 -6.8% $188 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $665,000 -- $202 / 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: CH16024128

California Regional Multiple Listing Service (CRMLS)