330 Oak Street Chico, CA 95928

$1,050,000 Active

About the Property

This premier student property consists of three units. Unit one is a charming 4 bedroom, 2 bath house built in the 1910’s and completely remodeled in the summer of 2018. Units two and three are townhomes, each with 4 bedroom and 4 en suite baths. The townhomes were completed in 2019. All units feature granite counters, wood style plank flooring, ceiling fans, individually controlled heating/cooling in each bedroom and laundry rooms with washer/dryer. All units have kitchens equipped with a stove, microwave, refrigerator and dishwasher. This desirably located property is near bus routes, close walking distance to downtown Chico, CSU Chico, restaurants, shopping and convenience stores. This property always rents quickly and was built to be low maintenance. Please see attached supplements for more info.

Property Information

Size 3,700 SqFt
Price/SqFt $284
Lot Size 0.14 Acres
Year Built 1910
Property Type Residential Income
Zoning R3
Listing Number SN21058345
Listed 3/20/2021
Modified 4/9/2021
Listing Agent James Lowe
Listing Office Ryno Company
Total Building 3
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 3
Cap Rate
  • 5.08
Construction Materials
  • Stucco
Cooling
  • High Efficiency
Electric
  • Standard
Fencing
  • Wood
Fireplace
  • None
Flooring
  • Wood
Garage Spaces
  • 0.00
Gross Income
  • 80700.00
Gross Operating Income
  • 79086.00
Gross Scheduled Income
  • 80700.00
Levels
  • Two
Net Operating Income
  • 53384.00
Operating Expense
  • 25702.00
Parking Total
  • 4.00
Pool
  • None
Price Pe rUnit
  • 350000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 6415.00
Total Expenses
  • 25702.00
Uncovered Spaces
  • 4.00
Views
  • Neighborhood
Water Source
  • Public
Heating
  • Heat Pump
  • High Efficiency
Roofing
  • Asphalt
  • Shingle
Exterior
  • Awning(s)
  • Lighting
  • Rain Gutters
Interior
  • Ceiling Fan(s)
  • Granite Counters
  • Open Floorplan
Tenant Pays
  • Cable TV
  • Electricity
  • Water
Community Features
  • Biking
  • Park
  • Sidewalks
  • Street Lights
  • Urban
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Phone Available
  • Sewer Connected
  • Water Connected
Appliances
  • Built-In Range
  • Self Cleaning Oven
  • Dishwasher
  • Electric Oven
  • Electric Cooktop
  • Freezer
  • Disposal
  • Microwave
  • Range Hood
  • Refrigerator
  • Self Cleaning Oven
  • Vented Exhaust Fan
  • Water Heater