1372 Vallombrosa Avenue Chico, CA 95926

$840,000 Closed

About the Property

Please Note: This property has been SOLD

Bidwell Park at your door step! Great investment opportunity featuring three buildings with a total of four units. The front unit is so adorable! This unit features two bedrooms and one bathroom with an attached garage. Inside you will find hardwood flooring, a cute and spacious kitchen, lots of light and bright windows and a washer and dryer. This unit also features a private fenced yard. The back unit is a one bedroom one bathroom and also has a garage, washer and dryer and a private fenced yard. The other building is a duplex, each unit having one bedroom and one bathroom. All units are currently rented and two of the buildings have a brand new roof. Beautiful location with park views just across the street. The seller has done a lot of leg work to maximize the potential of this unduplicatable parcel by the park. Preliminary drawings, by North Star Engineering are provided to give some ideas to maximize the best use of the property. The 4 units can generate income while you develop the rest of the property.

Property Information

Size 2,625 SqFt
Price/SqFt $320
Lot Size 0.95 Acres
Year Built 1945
Property Type Residential Income
Listing Number SN23109783
Listed 6/26/2023
Modified 12/11/2023
Listing Agent John Barroso
Listing Office Parkway Real Estate Co.
Total Building 3
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 2
Community Features
  • Park
  • Wall/Window Unit(s)
  • None
Garage Spaces
  • 2.00
Gross Income
  • 60324.00
Gross Operating Income
  • 58514.00
Gross Scheduled Income
  • 60324.00
  • Wall Furnace
  • Ceiling Fan(s)
  • One
Net Operating Income
  • 40034.00
Operating Expense
  • 18480.00
Parking Total
  • 10.00
  • None
Price Pe rUnit
  • 224750
  • Conventional Septic
  • 1
Total Expenses
  • 18480.00
Water Source
  • Public
  • Vinyl
  • Wood
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Telephone