719 Chestnut St, Unit 1

Chico, CA 95928

$2,360,000
Last Sold Price
24
Beds
16
Baths
6,000 Sq. Ft.
$393 / Sq. Ft.
6,000
Sq. Ft.
$393
per Sq. Ft.
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Closed 5/26/23
Closed 5/26/23
a front view of a house with a swimming pool

Description

Attention all investors! Are you looking for top-notch student property near CSU,Chico in the heart of downtown Chico? Look no further than this amazing income property, with not one, not two, but three buildings spread across two lots— For a whopping total of 24 bedrooms and 16 bathrooms! There’s 2 units in each building; with one building featuring 2 newer construction 4bed/4 bath units— That’s 6 upgraded units! Complete with granite counters, wood style plank flooring, and stainless appliances....Attention all investors! Are you looking for top-notch student property near CSU,Chico in the heart of downtown Chico? Look no further than this amazing income property, with not one, not two, but three buildings spread across two lots— For a whopping total of 24 bedrooms and 16 bathrooms! There’s 2 units in each building; with one building featuring 2 newer construction 4bed/4 bath units— That’s 6 upgraded units! Complete with granite counters, wood style plank flooring, and stainless appliances. 4 units are furnished with mini split heat/ac; great for roommates, so they can control the temperature in their own personal space. Plus tenants love the conveinence of having a washer/dryer in unit. All of this, within a stone's throw of local bus routes and just a hop, skip, and jump away from everything downtown has to offer, including CSU Chico, delicious eateries, and an array of shopping and convenience stores.
  1. Listed by Steve Depa • DRE #00813533 • Brokerage DRE #01996441 • Re/Max of Chico • 530-514-6288

Property Details for 719 Chestnut Street, Unit 1

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6000
Assessor Parcel Number
004274016000
Property Attached YN
true
LISTING UPDATED: 05/26/2023 04:41 AM

Property Details for 719 Chestnut Street, Unit 1

StatusClosed
MLS #SN23049947
Days on Compass10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built2019
CountyButte County
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Location

Listing Courtesy of Re/Max of Chico, Steve Depa, DRE #00813533

Sold By Rodeo Realty, Ralph Norton, DRE #01005061

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Building Information for 719 Chestnut Street, Unit 1

Building/Complex719 Chestnut StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built2019Building Size-

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$13,278 per month

30 year fixed, 6.36% Interest

Principal and Interest

$11,760

Property Taxes

$1,518

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 719 Chestnut Street, Unit 1

Income / Expense / Tax Details
Income Details
  • Gross Income: $16,770
  • Gross Scheduled Income: $213,240
  • Net Operating Income: $158,244
  • Other Income Description: RUBS & Maintenace
  • Other Income 1: $200
  • Other Income 2: $800
  • Financing: Conventional
Expense Details
  • Operating Expense: $54,996
  • New Taxes Expense: $28,050
  • Gardener Expense: $1,500
  • Insurance Expense: $2,387
  • Professional Management Expense: $17,059
  • Trash Expense: $1,500
  • Water Sewer Expense: $4,500
  • Total Expenses: $54,996
Tax / Assessment Info
  • Tax Block: 92
  • Tax Census Tract: 10.00
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Closet, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 004274001000
  • Lot Features: Corner Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,995
  • Unit Type Total Rent: $35,940
  • Unit Type Pro Forma: 3195
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,195
  • Unit Type Total Rent: $38,340
  • Unit Type Pro Forma: 3195
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,895
  • Unit Type Total Rent: $34,740
  • Unit Type Pro Forma: 3195
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,895
  • Unit Type Total Rent: $34,740
  • Unit Type Pro Forma: 3195
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,395
  • Unit Type Total Rent: $28,740
  • Unit Type Pro Forma: 3195
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,395
  • Unit Type Total Rent: $28,740
  • Unit Type Pro Forma: 3195
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 4
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Number With Disposal: 6
  • Number Wall AC: 2

Property History for 719 Chestnut Street, Unit 1

DateEvent & SourcePriceAppreciation
May 26, 2023

Sold

CRMLS #SN23049947

$2,360,000—
May 26, 2023

Sold

CLAW #SN23049947MR

$2,360,000—
Apr 10, 2023

Pending

CRMLS #SN23049947

—
DateEvent & SourcePrice
05/26/2023

Sold

CRMLS #SN23049947

$2,360,000
05/26/2023

Sold

CLAW #SN23049947MR

$2,360,000
04/10/2023

Pending

CRMLS #SN23049947

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 719 Chestnut Street, Unit 1

Taxable ValueLand$218,484Additions$1,359,499Total$1,577,983
Tax Record2025$18,222 ($1,518 / month)
Home Facts
Baths1Total Finished SqFt2,632 SqFtAbove Grade Finished SqFt2,632 SqFtStories2Lot Size7,840 SqFtStyleMulti-Family Dwelling (2-4)Year Built1982ZoningR3CountyBUTTEAPN004-274-016-000

Schools near 719 Chestnut Street, Unit 1

This home is within Chico Unified School District.
Rating
School
Type
Grades
Distance
Citrus Avenue Elementary School
Public - K to 5
Chico Junior High School
Public - 6 to 8
Chico High School
Public - 9 to 12
Chico Country Day School
Charter - K to 8
Rating
School
Distance
Citrus Avenue Elementary School
PublicK to 5

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Chico Country Day School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max of Chico, Steve Depa, DRE #00813533

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.