1024 Esplanade Chico, CA 95926

$799,900 Active

About the Property

Great opportunity to invest in Chico! The main home would be perfect for an office building, offering 5 bedrooms, 1.5 baths, 2,159 sq ft built in the early 1900'. With the charm of yesterday located on one of Chico's iconic streets, great street location! Back units offer a well appointed 2 bed/ 1 bath, granite counters, skylight, laundry closet, with 10 x 20 covered Veranda (covered patio), open floor plan. Downstairs offers a studio style room with private bath that is handicap accessible. Home, Studio & Apartment have all had great rental history. A bonus is the over sized 2 car garage space with an office area that could work well for bikes or motorcycle garage space, along with 7 parking spaces, Attached to the garage is an additional laundry room. Use permit filed has many uses, look in supplements in MLS. Seller just installed new roof and new HVAC downstairs on the main home!!

Property Information

Size 3,759 SqFt
Price/SqFt $213
Lot Size 0.23 Acres
Year Built 1911
Property Type Residential Income
Zoning OR
Listing Number SN20127371
Listed 7/1/2020
Modified 7/13/2020
Listing Agent Teresa Larson
Listing Office Century 21 Select Real Estate, Inc.
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 2
Cap Rate
  • 6.02
Carport Spaces
  • 0.00
Construction Materials
  • Wood Siding
Electric
  • Electricity - On Property
Exterior
  • Rain Gutters
Fencing
  • Wood
Fireplace
  • Dining Room
Garage Spaces
  • 2.00
Gross Scheduled Income
  • 75644.00
Levels
  • Two
Net Operating Income
  • 48144.00
Operating Expense
  • 27500.00
Other Structures
  • Two On A Lot
Parking Total
  • 9.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Craftsman
Total Actual Rent
  • 7100.00
Total Expenses
  • 27500.00
Uncovered Spaces
  • 7.00
Views
  • Neighborhood
Water Source
  • Public
Cooling
  • Central Air
  • Wall/Window Unit(s)
Heating
  • Central
  • Forced Air
  • Natural Gas
Flooring
  • Carpet
  • Tile
  • Vinyl
  • Wood
Accessibility Features
  • 32 Inch Or More Wide Doors
  • 36 Inch Or More Wide Halls
  • Grab Bars In Bathroom(s)
  • No Interior Steps
  • Parking
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
  • Suburban
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Phone Available
  • Sewer Connected
  • Water Connected
Interior
  • Attic Fan
  • Balcony
  • Built-in Features
  • Ceiling Fan(s)
  • Crown Molding
  • Granite Counters
  • Living Room Balcony
  • Open Floorplan
  • Pantry
  • Recessed Lighting
  • Storage
  • Sump Pump
  • Tile Counters
  • Wainscoting
Appliances
  • Dishwasher
  • Free-Standing Range
  • Disposal
  • Gas & Electric Range
  • Gas Oven
  • Gas Range
  • Gas Water Heater
  • Ice Maker
  • Microwave
  • Portable Dishwasher
  • Refrigerator
  • Self Cleaning Oven
  • Tankless Water Heater
  • Water Heater
  • Water Line to Refrigerator