1518 Broadway Street Chico, CA 95928

$829,000 Pending

About the Property

What’s better than owning a piece of Chico history? Owning an income producing one! Built for the Diamond Match Factory Manager in 1909, and later converted in to apartments in the 1940’s, these 6 units sit on almost a 1/2 acre in the highly desirable Barber neighborhood near Rotary Park. The 2500sf mansion main floor can serve as a 3-5 Bedroom unit (depending on the usage of space), with 2 bathrooms, an amazing front porch & private yard. Located on the second floor you will find (2) darling two bedroom/1 bath units with an additional 2 bedroom/1 bath unit on the third floor, that is particularly spacious. Beyond the main house lay (2) two bedroom/1 bath cottages with alley access, and communal laundry facilities. Lush landscape, complete with a historic hitching post! Don't miss out on this fantastic location, with solid rental history! TENANT OCCUPIED. PLEASE DO NOT DISTURB TENANTS!

Property Information

Size 6,644 SqFt
Price/SqFt $125
Lot Size 0.43 Acres
Year Built 1910
Property Type Residential Income
Zoning RD-1
Listing Number SN22191653
Listed 9/6/2022
Modified 9/13/2022
Listing Agent Matt Depa
Listing Office Re/Max of Chico
Total Building 3
Total Units 6

Property Features

# Electric Meters
  • 7
# Gas Meters
  • 6
# Water Meters
  • 1
Community Features
  • Sidewalks
Garage Spaces
  • 0.00
Gross Income
  • 7880.00
Gross Scheduled Income
  • 94560.00
  • Three Or More
Net Operating Income
  • 66490.00
Operating Expense
  • 28070.00
  • None
Price Pe rUnit
  • 138167
  • Public Sewer
  • 3
Total Expenses
  • 28070.00
Water Source
  • Public
  • Evaporative Cooling
  • Wall/Window Unit(s)
  • Central
  • Wall Furnace