1310 W Sacramento Avenue Chico, CA 95926

$1,050,000 Active

About the Property

Existing home on this project is a 1940's built 3 bed 2 bath home with an additional upstairs bonus room, one of the bathrooms has been updated, kitchen is semi open to the living room, there is a detached one car garage, the minor land division has been submitted, should not hold up the sale. The home is currently leased. Included is an approved map for "The Narrows" an 16 unit, 2 building, two story apartment complex, the units are approximately 994 square feet with 2 bedrooms, 2 baths and indoor laundry. Walk or bike to the campus, shopping and restaurants. Final notes have been submitted to the City of Chico, this project is fully entitled, permit plans are under review. The area that the units will be built on is currently on a month to month lease for 1300 as well.

Property Information

Size 24,986 SqFt
Price/SqFt $42
Lot Size 0.93 Acres
Year Built 1940
Property Type Residential Income
Zoning ASR
Listing Number SN23089761
Listed 5/21/2023
Modified 5/26/2023
Listing Agent Mark Reaman
Listing Office Century 21 Select Real Estate, Inc.
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Garage Spaces
  • 1.00
Gross Income
  • 30000.00
Gross Scheduled Income
  • 30000.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 28500.00
Operating Expense
  • 1500.00
Parking Total
  • 3.00
Pool
  • None
Price Pe rUnit
  • 1050000
StoriesTotal
  • 2
Total Expenses
  • 1500.00
Uncovered Spaces
  • 2.00
Water Source
  • Public
Sewer
  • Aerobic Septic
  • Public Sewer
Community Features
  • Biking
  • Street Lights
  • Urban