1372 Vallombrosa Avenue Chico, CA 95926

$1,550,000 Active

About the Property

Bidwell Park at your door step! 1366 Vallombrosa is an amazing opportunity to own a gorgeous home along with the income producing property at 1372 Vallombrosa, right next door! You can't miss this gorgeous home while driving down Vallombrosa ave. With timeless brick accents, white paneling, black shutters and the cutest front porch that overlooks the beautiful Bidwell Park. 1366 Vallombrosa is 2518 square feet and features five bedrooms, two bathrooms, two living spaces and a huge formal dining area all perfectly placed on approximately a quarter acre lot. Inside you will find original hardwood flooring and the most beautiful wood burning fireplace and mantle. Next door, at 1372 Vallombrosa, there are three buildings with a total of four units with a combined approximate square footage of 2625 square feet; all sitting on 1.04 acre lot. The front unit is adorable and features two bedrooms and one bathroom with an attached garage, and 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. Preliminary drawings, by North Star Engineering, exploring the vast potential that these properties hold are available to review; in addition the seller has hired North Star Engineering to assist with a lot line adjustment between the parcels of 1366 and 1372 Vallombrosa which is currently in beginning stages with the city of Chico. All renderings have the ability to change. Both properties are being sold together with a combined lot size of 1.26 acre and approximately 5143 square feet of living space.

Property Information

Size 5,143 SqFt
Price/SqFt $301
Lot Size 1.26 Acres
Year Built 1945
Property Type Residential Income
Listing Number SN23019672
Listed 2/6/2023
Modified 2/13/2023
Listing Agent John Barroso
Listing Office Parkway Real Estate Co.
Total Building 4
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Units Leased
  • 4
# Water Meters
  • 5
  • Electric Range
  • Living Room
Garage Spaces
  • 2.00
Gross Income
  • 55320.00
Gross Operating Income
  • 52962.00
Gross Scheduled Income
  • 54600.00
  • One
Net Operating Income
  • 33714.00
Operating Expense
  • 19248.00
Other Structures
  • Shed(s)
Parking Total
  • 10.00
  • None
Price Pe rUnit
  • 310000
  • Composition
  • 1
Total Actual Rent
  • 4550.00
Total Expenses
  • 19248.00
  • See Remarks
Water Source
  • Public
Tenant Pays
  • Electricity
  • Gas
Community Features
  • Biking
  • Hiking
  • Horse Trails
  • Central Air
  • See Remarks
  • Wall/Window Unit(s)
  • Carpet
  • Vinyl
  • Wood
  • Central
  • See Remarks
  • Wall Furnace
  • Conventional Septic
  • Other
  • Public Sewer