1252 Warner Street Chico, CA 95926

$1,175,000 Closed

About the Property

Please Note: This property has been SOLD

What’s better than predictable cash flow in a fast-growing town? Don’t hesitate to act on this solid income-producing asset. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-paid PGE bill keeps expenses minimal and predictable. Just blocks away from Enloe hospital, Chico State, restaurants, and shopping. The scarcity of affordable studios, and sharply increasing demand makes this property a trophy asset that cannot be replicated. The strong Chico rental market has 2 colleges, the biggest hospital north of Sacramento, and a budding tech and startup scene. Chico is a hidden gem of California and is an ultra-attractive destination for young professionals and families moving outside of cities, seniors looking for a glorious retirement location, as well as students looking for an unparalleled college experience. Do not miss the opportunity to get in on a cash-flowing asset of this caliber, with management already in place will only make this a turnkey property that will pay dividends for years and years.

Property Information

Size 3,983 SqFt
Price/SqFt $295
Lot Size 0.22 Acres
Year Built 1980
Property Type Residential Income
Zoning R3
Listing Number SN22020165
Listed 2/2/2022
Modified 2/28/2022
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 1
Total Units 10

Property Features

# Electric Meters
  • 11
# Gas Meters
  • 11
# Units Leased
  • 10
# Water Meters
  • 1
Community Features
  • Sidewalks
  • Wall/Window Unit(s)
  • None
Garage Spaces
  • 0.00
Gross Income
  • 9419.00
Gross Scheduled Income
  • 113028.00
Net Operating Income
  • 73469.00
Operating Expense
  • 39559.00
  • None
Price Pe rUnit
  • 115000
  • Public Sewer
Total Actual Rent
  • 9419.00
Total Expenses
  • 39559.00
Water Source
  • Public