1620 Locust Street Chico, CA 95928

$288,825 Closed

About the Property

Please Note: This property has been SOLD

Investment opportunity knocks! First time on the market, in over 30+ years. Centrally located duplex, close to downtown, schools, shopping, and public transportation. The Subject property consists of 2 separate/detached houses, situated on a nice size, rectangular lot (zoned RMU), with mature shade trees/landscaping, and connected to City Services. There is a carport with dedicated parking at the rear of the property, with alley access, off of 16th St. Both units have a 2 bed/1 bath configuration, with an open floor plan, separately metered PG&E, ample size backyards, and long term tenants, who would like to stay! The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Sq. ft., bed/baths , & lot size taken from public records. Buyer is advised to investigate to their satisfaction.

Property Information

Size 1,536 SqFt
Price/SqFt $188
Lot Size 0.21 Acres
Year Built 1973
Property Type Residential Income
Zoning C2
Listing Number SN19098908
Listed 4/30/2019
Modified 10/14/2019
Listing Agent Brian Littrell
Listing Office Coldwell Banker/DuFour
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 1
Cap Rate
  • 4.50
Carport Spaces
  • 2.00
Cooling
  • Central Air
Electric
  • Standard
Exterior
  • Rain Gutters
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 19380.00
Gross Operating Income
  • 19380.00
Gross Scheduled Income
  • 19380.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 12828.00
Operating Expense
  • 6552.00
Parking Total
  • 4.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Style
  • Cottage
Total Actual Rent
  • 1615.00
Total Expenses
  • 6552.00
Uncovered Spaces
  • 2.00
Views
  • Neighborhood
Water Source
  • Public
Accessibility Features
  • Entry Slope Less Than 1 Foot
  • No Interior Steps
Appliances
  • Dishwasher
  • Electric Range
Construction Materials
  • Drywall Walls
  • Stucco
Fencing
  • Average Condition
  • Wood
Flooring
  • Carpet
  • Vinyl
Interior
  • Formica Counters
  • Open Floorplan
Tenant Pays
  • All Utilities
  • Cable TV
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lights
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Water Connected