1531 Laurel Street Chico, CA 95928

$363,500 Closed

About the Property

Please Note: This property has been SOLD

Conveniently located income property with long-term tenants in all four units. The front house (2bd+bonus room and basement/1ba) appears to have been built in the 1920’s and retains the charm of that era. The triplex, accessed off the alley, built in 1984, has two 3bd/1ba units and one 3bd/2ba unit. Each triplex unit has two assigned parking spots, 4x8 storage units, wall heat & cooling, refrigerators, stove/ovens, and w/d hook-ups within the unit. The house has driveway parking, a swamp cooler and freestanding gas heater. PLEASE DO NOT DISTURB TENANTS.

Property Information

Size 4,269 SqFt
Price/SqFt $85
Lot Size 0.2 Acres
Year Built 1984
Property Type Residential Income
Zoning R-2
Listing Number CH14203382
Listed 9/19/2014
Modified 10/31/2014
Listing Agent Kiersten Morgan
Listing Office Crane Realty
Total Building 2
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 2
Garage Spaces
  • 0.00
Gross Income
  • 3380.00
Gross Scheduled Income
  • 40656.00
Net Operating Income
  • 26980.00
Operating Expense
  • 13676.00
Parking Total
  • 8.00
Pool
  • None
Total Actual Rent
  • 3380.00
Water Source
  • Public
Community Features
  • Gutters
  • Sidewalks