$1,150,000 Price Analysis    ♡   Chico, CA 95926 15 bed 6 bath 4,500 SqFt ($255/SqFt) 0.23 acre lot. Built 1978 Listed 2024-05-21, Taxes $9,548 | Ⓧ USDA Ineligible due to price & location near Chico |
This investment opportunity in Chico presents a prime location near Chico State University
Enloe Hospital, Downtown Chico and various shopping centers, making it highly desirable for renters. The property features five-units with a charming single-family residence at the front and a four-unit apartment building towards the back. The front home features three bedrooms and two bathrooms, with a beautifully updated interior that includes granite countertops, white cabinets, stainless steel appliances and durable LVP flooring throughout. The living room is cozy with a fireplace and there's a private washer and dryer for conven ience.
The four-unit apartment bulding, located down the walkway, features vast three-bedroom, one-bathroom units. Each apartment offers a private balcony or patio, providing outdoor space for tenants. The units also feature roomy living areas, fully equipped kitchens and a quaint dining nook. An on-site laundry room adds to the convenience for residents. This property's location ensures high demand, particularly from students attending Chico State and healthcare professionals working at Enloe Hospital. With its proximity to downtown and shopping centers, tenants will enjoy easy access to dining, entertainment and retail options.
Presented by John Barroso, Agent at
Parkway Real Estate Co.
Property MLS #SN24101772 from CRMLS
Flooring: Laminate, Vinyl
Fireplace Features: Living Room
Heating Features: Central, Wall Furnace
Heating: Yes
Lot Size Acres: 0.23
Lot Size Source: Assessor
Lot Size Square Feet: 10019
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Bedrooms in Unit-5: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Gardener Expense: 2400.00
Maintenance Expense: 1200.00
County: Butte
Source Property Type: Residential Income
Insurance Expense: 3600.00
New Taxes Expense: 12900.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 1
Parcel Number: 003093014000
Postal Code Plus 4: 3828
Professional Management Expense: 5856.00
Trash Expense: 1908.00
Zoning: R3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $586,493 + $268,048 $854,541 | $9,548 |
| 2022 | $574,994 + $262,793 $837,787 | $9,397 |
| 2021 | $563,720 + $257,641 $821,361 | $9,220 |
| 2020 | $557,940 + $255,000 $812,940 | $9,194 |
| 2019 | $305,141 + $128,601 $433,742 | $4,933 |
| 2018 | $299,158 + $126,080 $425,238 | $4,843 |
| 2017 | $293,293 + $123,608 $416,901 | $4,745 |
| 2016 | $287,543 + $121,185 $408,728 | $4,331 |
| 2015 | $283,224 + $119,365 $402,589 | $4,332 |
| 2014 | $277,677 + $117,027 $394,704 | $4,228 |
| 2013 | $276,423 + $116,499 $392,922 | $4,283 |
| 2012 | $221,189 + $74,997 $296,186 | $3,096 |
| 2010 | $216,852 + $73,527 $290,379 | $3,063 |
| 2009 | $215,744 + $73,152 $289,896 | $3,117 |
| 2009 | $215,232 + $72,978 $289,210 | $3,117 |
| 2008 | $211,514 + $71,718 $284,232 | $3,009 |
| 2007 | $207,367 + $70,312 $278,679 | $2,928 |
$1,150,000
CRMLS
Listing removed 2024-03-07
$0
TenantTurner
Listed for rent 2024-01-19
$1,895
TenantTurner
Listing removed 2024-01-12
$0
TenantTurner
Listed for rent 2024-01-04
$1,895
TenantTurner
Listing removed 2022-12-07
$0
TenantTurner
Price Changed for rent 2022-12-01
$1,850
TenantTurner
Listed for rent 2022-11-05
$1,900
TenantTurner
Sold 2022-05-23
$112,500
Public Record
Sold 2019-06-07
$799,000
CRMLS
Listed 2019-04-18
$799,000
CRMLS
Sold 2012-10-19
$389,225
ITECH
Listed 2012-09-25
$389,000
ITECH
Sold 1997-09-19
$175,000
Public Record
Year Built: 1978
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 46
Property Attached: Yes
Roof: Composition
Building Total Stories: 2
Structure Type: Single Family Residence
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1980.00
Water Source: Public
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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.