631 Oak Lawn Avenue Chico, CA 95926

$398,000 Active Under Contract

About the Property

Two homes on one lot! Almost everything is NEW or newly remodeled. Live in one and rent other the other. Rent on the back unit is $925 per month. Don't miss this opportunity to own this impeccably and completely redone 1911 three bedroom, two bathroom Californian Craftsman Bungalow! This property features an additional 1 bedroom 2-story rental with separate newly fenced yards. The main house and separate unit feature all new electrical, plumbing, kitchens, bathrooms, insulation, windows, doors, flooring and drywall! It's easy to keep cool in the summer months with a brand new high efficiency HVAC system, Pella windows and ceiling fans. These homes are full of character and adorned by custom accent and paint colors, bamboo flooring , 9'+ ceilings, quartz and granite vanities with mini pearl fleck and decorative porcelain tile. Step out your back door and you'll discover the perfect spot for outdoor entertaining and BBQing with gorgeous newer decking complete with built-in benches for guest seating! The large grassy area and/or side yard is an ideal space for creating a garden or play area. Enjoy convenient parking on your own property with a new concrete area serving a 3-6 car capacity. All this and you can even share a little of Chico's Ag history with company by showing them your own spectacular giant English Walnut tree!

Property Information

Size 1,700 SqFt
Price/SqFt $234
Lot Size 0.15 Acres
Year Built 1911
Property Type Residential Income
Zoning ASR
Listing Number SN20049165
Listed 3/13/2020
Modified 3/15/2020
Listing Agent Blake Anderson
Listing Office Re/Max Pacific
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 1
# Water Meters
  • 1
  • Gas Range
Cap Rate
  • 6.80
  • Central Air
  • Wood
  • None
Garage Spaces
  • 0.00
Gross Income
  • 33300.00
Gross Scheduled Income
  • 33300.00
  • Central
Net Operating Income
  • 27300.00
Operating Expense
  • 6000.00
Parking Total
  • 5.00
  • None
  • Asbestos Shingle
  • Public Sewer
Total Expenses
  • 6000.00
Uncovered Spaces
  • 5.00
Water Source
  • Public
  • Carpet
  • Wood
Other Structures
  • Guest House
  • Guest House Detached
  • Craftsman
  • Custom Built
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
  • Suburban
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected