454 E 8th Street Chico, CA 95928

$725,000 Active

About the Property

Historic Chico 4-plex close to Downtown, Bidwell Park and CSUC! This beautiful building has three-1 bedrooms units and one 2-bedroom unit; fully occupied and generating over $4,500 per month! There is also attic space that could be converted into a 5th unit! In addition, there is a garage unit on the ally that could be rebuilt with a possible ADU for an ambitious investor. When opportunity knocks, open the door to a fourplex!

Property Information

Size 3,085 SqFt
Price/SqFt $235
Lot Size 0.17 Acres
Year Built 1920
Property Type Residential Income
Zoning OR
Listing Number SN23226562
Listed 12/15/2023
Modified 2/22/2024
Listing Agent Danielle Branham
Listing Office Century 21 Select Real Estate, Inc.
Total Building 4
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Units Leased
  • 4
# Water Meters
  • 1
Cooling
  • Wall/Window Unit(s)
Electric
  • 220 Volts in Laundry
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 54000.00
Gross Scheduled Income
  • 54000.00
Heating
  • Wall Furnace
Levels
  • Two
Net Operating Income
  • 41580.00
Operating Expense
  • 12420.00
Pool
  • None
Price Pe rUnit
  • 181250
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 4500.00
Total Expenses
  • 12420.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Gas Range
  • Refrigerator
Community Features
  • Curbs
  • Gutters
  • Sidewalks
Flooring
  • Carpet
  • Laminate
  • Wood