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$2,295,000   Price Analysis
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720 W 2nd Ave
Chico, CA 95926
32 bed 18 bath 11,500 SqFt ($199/SqFt)
0.52 acre lot. Built 1996
Listed 2024-01-19, Taxes $12,658
Ⓧ USDA Ineligible
due to price & location

near Chico

5% Seller Financing !

8 units total. Three five bedroom units and 4 Four bedroom units along with a one bedroom one bath unit. Large townhouse units with washers and dryers.

Each unit has a separate water, gas and electric meters. Very well maintaind and close to the university. No vacancies. Appointment only. Do not bother tenants!


Presented by John Wallace at
CENTURY 21 Select Real Estate, Inc.
Listing Agent Photo

Property MLS #SN24008587 from CRMLS

Bedrooms: 32

Ceiling Fan(s)
Formica Counters
Door Features: Panel Doors
Flooring: Carpet, Laminate, Tile
Window Features: Double Pane Windows

Appliances: Dishwasher, Disposal, Range Hood, Refrigerator, Water Heater
Appliances YN: Yes
Laundry Features: Inside

Kitchen, Laundry, Living Room, Main Floor Bedroom

Cooling Features: Central Air
Fireplace Features: Living Room
Heating Features: Central, Natural Gas
Heating: Yes

Full Bathrooms: 18

Fencing: Fence YN: Yes, Fencing: Average Condition
Road Frontage Type: City Street
Road Surface Type: Paved

Lot Description: Landscaped, Lawn, Lot 20000-39999 Sqft, Rectangular Lot, Level, Sprinkler System, Sprinklers Timer
Lot Size Acres: 0.52
Lot Size Source: Assessor
Lot Size Square Feet: 22651

Parking Features: Parking YN: Yes, Parking Features: Concrete

View: Neighborhood

Number of Units: 8
Bedrooms in Unit-1: 5
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 4
Bedrooms in Unit-4: 4
Bedrooms in Unit-5: 5
Bedrooms in Unit-6: 5
Bedrooms in Unit-7: 4
Bedrooms in Unit-8: 1
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 3
Total Bathrooms in Unit-6: 3
Total Bathrooms in Unit-7: 2
Total Bathrooms in Unit-8: 1

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 8
Tenant Pays: Electricity, Gas, Sewer, Water

Community Features: Urban

Source Listing Status: Active
County: Butte
Cap Rate: 5.00
Source Property Type: Residential Income
Insurance Expense: 1.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 8
Parcel Number: 043150025000
Postal Code Plus 4: 8011
Professional Management Expense: 1.00
Trash Expense: 1.00
Zoning: R3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$893,863 + $235,647
$1,129,510
$12,658
2022$825,356 + $231,027
$1,056,383
$11,888
2021$809,173 + $226,498
$1,035,671
$11,665
2020$800,876 + $224,176
$1,025,052
$11,633
2019$785,173 + $219,781
$1,004,954
$11,424
2018$769,778 + $215,472
$985,250
$11,216
2017$754,685 + $211,248
$965,933
$10,998
2016$739,888 + $207,106
$946,994
$10,039
2015$728,775 + $203,996
$932,771
$10,040
2014$714,500 + $200,000
$914,500
$9,799
2013$703,290 + $107,100
$810,390
$8,860
2012$689,500 + $105,000
$794,500
$8,348
2010$670,000 + $180,000
$850,000
$10,057
2009$912,685 + $208,065
$1,124,250
$12,101
2009$745,000 + $200,000
$948,500
$12,101
2008$894,790 + $203,986
$1,102,276
$11,684
2007$877,246 + $199,987
$1,080,733
$11,368

Listed 2024-01-19
$2,295,000
CRMLS
Sold 2013-07-19
$920,000
Public Record
Sold 2003-03-04
$1,300,000
Public Record
Sold 1996-06-20
$580,000
Public Record
Sold 1996-04-01
$63,000
Public Record
Sold 1991-05-10
$134,000
Public Record

Net Operating Income: 115452.00

Total Square Feet Living: 11500
Year Built: 1996
Building Features: 2
Common Walls: 2+ Common Walls
Construction Materials: Concrete, Stucco
Entry Level: 1
Entry Location: Ground
Property Age: 28
Property Attached: Yes
Property Condition: Turnkey
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
House Style: Contemporary
Year Built Source: Assessor

Electric: Electricity - On Property
Sewer: Sewer: Public Sewer
Cable Connected
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public

Citrus Avenue Elementary School is a public elementary school located approximately 0.3 miles away.
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Chico High School is a public high school located approximately 0.6 miles away.
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Chico Junior High School is a public middle school located approximately 1 miles away.
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Notre Dame School is a private elementary and middle school located approximately 1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.