260 E Lassen Avenue Chico, CA 95973

$1,200,000 Closed

About the Property

Please Note: This property has been SOLD

This well maintained property was updated in 2011 with cabinets, counter tops, fixtures, and appliances. The exterior was repainted and landscaped. The property has a very stable tenant mix and maintains a steady occupancy. Behind the building on Mefford is a 1350 sq. ft. double-wide mobile on permitted foundation that is currently rented but could provide additional ground to build more units.

Property Information

Size 10,448 SqFt
Price/SqFt $115
Lot Size 1.03 Acres
Year Built 1962
Property Type Residential Income
Listing Number CH16033003
Listed 2/17/2016
Modified 4/4/2016
Listing Agent Steven Depa
Listing Office RE/MAX Of Chico
Total Building 3
Total Units 13

Property Features

# Electric Meters
  • 14
# Gas Meters
  • 15
# Water Meters
  • 2
Cap Rate
  • 7.00
Carport Spaces
  • 12.00
Community Features
  • Sidewalks
Cooling
  • Central Air
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 11200.00
Gross Scheduled Income
  • 134400.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 84613.00
Operating Expense
  • 49787.00
Parking Total
  • 40.00
Pool
  • Community
Sewer
  • Conventional Septic
Water Source
  • Public