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$485,000   Price Analysis
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1360 Palm Ave
Chico, CA 95926
Unknown bed None bath 2,838 SqFt ($170/SqFt)
7,841SqFt lot. Built 1984
Listed 2024-04-03, Taxes $2,826
Ⓧ USDA Ineligible
due to location

near Chico

Embrace the charm and practicality of this inviting triplex

* No Longer For Sale *
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Nestled in the serene Avenues neighborhood. Each of the three units within this property offers a roomy layout, featuring three bedrooms and one bathroom, all designed with a consistent floor plan that maximizes both comfort and utility for its residents. Residents on the ground floor units delight in private yards, perfect for relaxation or casual outdoor gatherings and the entire property benefits from low-maintenance landscaping, allowing for effortless enjoyment of the outdoor spaces.

Comfort and convenence is further enhanced by central heat and air and on-site coin-operated laundry facilities, with ample off-street parking. A extraordinary find in such a sought-after location. Situated in a neighborhood known for its easy access to local amenities, this triplex is a short jaunt to sh ops, dining and entertainment options, making it an ideal investment for those seeking a blend of lifestyle and location. Perfect for investors or those looking for a multi-family property, this triplex offers simplicity, convenience and the timeless appeal of the Avenues. Dont miss out on this opportunity!


Presented by Steven Depa at
REMAX Of Chico.
Listing Agent Photo

Property MLS #SN24063659 from CRMLS

Laundry Features: Community

Cooling Features: Central Air
Heating Features: Central
Heating: Yes

Lot Size Acres: 0.1800046
Lot Size Source: Assessor
Lot Size Square Feet: 7841

Number of Units: 3

Number of Units Leased: 3
Rent Control: Yes

Community Features: Urban

Source Listing Status: Closed
County: Butte
Source Property Type: Residential Income
Insurance Expense: 1800.00
New Taxes Expense: 5456.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 003444016000
Postal Code Plus 4: 2689
Trash Expense: 468.00
Zoning: R1
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$196,930 + $55,739
$252,669
$2,826
2022$193,069 + $54,647
$247,716
$2,780
2021$189,284 + $53,576
$242,860
$2,728
2020$187,344 + $53,027
$240,371
$2,721
2019$183,671 + $51,988
$235,659
$2,671
2018$180,070 + $50,969
$231,039
$2,623
2017$176,540 + $49,970
$226,510
$2,569
2016$173,079 + $48,991
$222,070
$2,345
2015$170,480 + $48,256
$218,736
$2,345
2014$167,141 + $47,311
$214,452
$2,301
2013$166,386 + $47,098
$213,484
$2,327
2012$163,124 + $46,175
$209,299
$2,193
2010$159,926 + $45,270
$205,196
$2,169
2009$159,109 + $45,039
$204,148
$2,207
2009$158,731 + $44,932
$203,663
$2,207
2008$155,990 + $44,156
$200,146
$2,132
2007$152,932 + $43,291
$196,223
$2,074

Sold 2024-05-02
$500,000
CRMLS
Listed 2024-04-03
$485,000
CRMLS
Listing removed 2015-01-12
$900
Zbestlistings
Listed for rent 2014-12-19
$900
Zbestlistings

Net Operating Income: 34908.00

Total Square Feet Living: 2838
Year Built: 1984
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 40
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Triplex
Year Built Source: Assessor

Electric Expense: 416.00
Sewer: Sewer: Conventional Septic, Water Sewer Expense: 392.00
Water Source: Public

Chico High School is a public high school located approximately 0.6 miles away.
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Citrus Avenue Elementary School is a public elementary school located approximately 0.7 miles away.
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Chico Junior High School is a public middle school located approximately 0.7 miles away.
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King's Christian School is a private elementary school located approximately 0.2 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.