40 Coral Circle Chico, CA 95973

$519,000 Active

About the Property

Four 1-bedroom units in this great 4plex. Rents quickly, Tenants will stay for more than 1 year reducing turnover cost. The property is located in a quiet Cul-De-Sac with very little traffic. Each unit has a gas meter and an electric meter. Landlord pays garbage @$87/month, and the complex has 1 water meter and the water heater with gas meter @ $200/month Insurance is $3000/year. This is a great property to start to build your retirement with.

Property Information

Size 2,285 SqFt
Price/SqFt $227
Lot Size 0.3 Acres
Year Built 1971
Property Type Residential Income
Zoning R3
Listing Number SN25172538
Listed 7/30/2025
Modified 8/18/2025
Listing Agent John Wallace
Listing Office Century 21 Select Real Estate, Inc.
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 1
Electric
  • Electricity - On Property
Fencing
  • Chain Link
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 42300.00
Gross Operating Income
  • 42300.00
Gross Scheduled Income
  • 42300.00
Levels
  • One
Net Operating Income
  • 30506.00
Operating Expense
  • 11794.00
Pool
  • None
Price Pe rUnit
  • 129750
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Style
  • Contemporary
Total Expenses
  • 11794.00
Water Source
  • Public
Construction Materials
  • Frame
  • Stucco
Cooling
  • Electric
  • Wall/Window Unit(s)
Flooring
  • Carpet
  • Vinyl
Heating
  • Natural Gas
  • Wall Furnace
Tenant Pays
  • All Utilities
  • Cable TV
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
Appliances
  • Built-In Range
  • Dishwasher
  • Disposal
  • Refrigerator
  • Vented Exhaust Fan
Community Features
  • Curbs
  • Dog Park
  • Fishing
  • Gutters
  • Hunting
  • Watersports
  • Mountainous
  • Urban