1101 E Lassen Avenue Chico, CA 95973

$799,000 Active

About the Property

Unique property on a huge lot in north Chico! Perfect for multiple families or great as an income producing investment property, including 3 structures with a total of 4 units and 2 garages. Directly off Lassen sits the well maintained duplex with 2 bedroom, 1 bath units on each side. The street unit includes a 1 car garage, spacious family room and fireplace. Both duplex units have tasteful updates, fully fenced yards, separate meters, separate laundry and all appliances included. A private gate separates the duplex from the rest of the property, which also includes 2 additional homes, detached 3 car garage with a new roof, fruit producing trees and storage shed. The first home is a special 1900+ sqft triple wide mobile that was lovingly renovated with much of the original 60's flare preserved including a very swanky bar. Other renovations include a bright and cheery sun room, working well on the property, many newer dual pane windows, new HVAC and new flooring throughout. Also included on the property is a bright and open concept 3 bedroom 2 bath 2007 mobile home with vaulted ceilings, breakfast bar, extra large master bath tub, plenty of parking and privacy. There are so many options for what you can do with this income producing property on almost an acre. Conveniently located close to schools and shopping you won't want to miss this one!

Property Information

Size 5,076 SqFt
Price/SqFt $157
Lot Size 0.79 Acres
Year Built 1964
Property Type Residential Income
Zoning R3
Listing Number SN19007649
Listed 1/11/2019
Modified 3/13/2019
Listing Agent Jayme Foster
Listing Office City of Trees Realty
Total Building 3
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 2
# Water Meters
  • 4
Carport Spaces
  • 1.00
  • Rain Gutters
  • Average Condition
  • Family Room
Garage Spaces
  • 4.00
Gross Income
  • 24480.00
Gross Scheduled Income
  • 59328.00
  • One
Net Operating Income
  • 51628.00
Operating Expense
  • 7700.00
Other Structures
  • Shed(s)
Parking Total
  • 15.00
  • None
  • Composition
  • Conventional Septic
  • 1
Tenant Pays
  • Electricity
Total Actual Rent
  • 2040.00
Total Expenses
  • 7700.00
Uncovered Spaces
  • 10.00
  • Neighborhood
Water Source
  • Public
Accessibility Features
  • 2+ Access Exits
  • Parking
Community Features
  • Storm Drains
  • Street Lighting
  • Central
  • Wall Window
  • Central Furnace
  • Wall Heater
  • Carpet
  • Laminate
  • Wood
  • Electric Oven
  • Electric Range
  • Electric Stove
  • Garbage Disposal
  • Microwave
  • Refrigerator
  • Bar
  • Cathedral-Vaulted Ceilings
  • Ceiling Fan
  • Formica Counters
  • Laminate Counters
  • Pantry