960 W. East Avenue Chico, CA 95926

$675,000 Active

About the Property

Excellent investment opportunity. Meticulously maintained, four-unit property located in a residential neighborhood with shopping and restaurants nearby. Two units come fully furnished and are well appointed. Connected to sewer. New exterior paint. Private off-street parking on freshly sealed asphalt. All units have central HVAC, dishwasher, electric range, fridge, a 3’ x 10’ exterior storage rooms, and are metered separately. There is a house electric and gas meter for exterior motion detected LED lighting, 4 brand new gas water heaters, and a bonus 190 sf storage room currently used by the owner. Unit 1: 2 bed/2 bath, fire place, private washer/dryer. Unit 2: (fully furnished) 1 bed/1 bath, shared onsite washer/dryer, owner paid Comcast. Unit 3: 1 bed/1 bath, shared onsite washer/dryer. Unit 4: (fully furnished) 2 bed/1 bath, private washer/dryer, owner paid Comcast.

Property Information

Size 3,364 SqFt
Price/SqFt $201
Lot Size 0.32 Acres
Year Built 1975
Property Type Residential Income
Zoning R4
Listing Number SN19155289
Listed 7/1/2019
Modified 7/5/2019
Listing Agent John Lawrence
Listing Office Chico Area Realty
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 1
Carport Spaces
  • 5.00
Construction Materials
  • Wood Siding
Cooling
  • Central Air
Fireplace
  • Living Room
Garage Spaces
  • 0.00
Gross Income
  • 42476.00
Gross Scheduled Income
  • 57600.00
Heating
  • Central
Interior
  • Ceiling Fan(s)
Net Operating Income
  • 43430.00
Operating Expense
  • 14170.00
Parking Total
  • 5.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Total Expenses
  • 14170.00
Views
  • Neighborhood
Water Source
  • Public
Accessibility Features
  • 2+ Access Exits
  • Parking
Utilities
  • Electricity Connected
  • Natural Gas Connected
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • See Remarks
Appliances
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Gas Water Heater
  • Refrigerator
Community Features
  • Biking
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains