1007 Buschmann Road

Paradise, CA 95969

$2,700,000
Price
3
Beds
63
Baths
40,500 Sq. Ft.
$67 / Sq. Ft.
40,500
Sq. Ft.
$67
per Sq. Ft.

Description

What a fantastic investment opportunity with additional value add development. Located in the heart of Lower Paradise, there are 10 fully rented, ADA compliant turn key 2 bedroom, 2 bathroom units on the property, the first investment step is already done! The owners have taken on most of the planning and preparation, having full architectural plans completed by Nichols, Melburg & Rossetto Architects & Engineers. With build-ready plans available and ready to submit to the town, you can generate rental...What a fantastic investment opportunity with additional value add development. Located in the heart of Lower Paradise, there are 10 fully rented, ADA compliant turn key 2 bedroom, 2 bathroom units on the property, the first investment step is already done! The owners have taken on most of the planning and preparation, having full architectural plans completed by Nichols, Melburg & Rossetto Architects & Engineers. With build-ready plans available and ready to submit to the town, you can generate rental income while you renovate and revitalize the main building on the property. The proposed plans consist of 43 additional units; 15 one bedroom, one bathroom units and 28 studios units. The property consists of two parcels both zoned multi-family. The main parcel with the structures, is 6.13 acres, and the neighboring parcel is an additional 2.87 acres totaling 9 acres. This property is served by a new clustered wastewater treatment system. According to zoning requirements, this facility should have the potential to be permitted at a density of 15 units per acre, offering the potential to add significantly more units! With a vision and legwork, this is your opportunity to invest in the future of Paradise!
  1. Listed by Hobie Jensen • DRE #01990048 • Brokerage DRE #02065919 • Parkway Real Estate Co. • 5305919686
  2. Listed by Stephanie Jensen • DRE #01990102 • Brokerage DRE #02065919 • Parkway Real Estate Co.

Property Details for 1007 Buschmann Road

Architectural Style
Traditional
View
Neighborhood
Parking Spaces Total
10
Private Pool
No
Cooling Type
Central
Total Units
53.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Parkway Real Estate Co., Hobie Jensen, DRE #01990048; Parkway Real Estate Co., Stephanie Jensen, DRE #01990102
Add your commute
LISTING UPDATED: 02/14/2024 02:28 AM

Property Details for 1007 Buschmann Road

StatusActive
MLS #SN24030705
Days on Compass84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1999
Lot Size9.00 AC / 392,040 SF
CountyButte County

Location

Listing Courtesy of Parkway Real Estate Co., Hobie Jensen, DRE #01990048; Parkway Real Estate Co., Stephanie Jensen, DRE #01990102
Add your commute

Building Information for 1007 Buschmann Road

Stories2Residences-Year Built1999Building Size-Lot Size9.00 AC / 392,040 SF

Payment Calculator

$15,959 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

$1,224

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1007 Buschmann Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $164,148
  • Vacancy Allowance: 3283
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $107,538
  • Laundry Income: $0
Expense Details
  • Operating Expense: $53,327
  • New Taxes Expense: $29,700
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $6,577
  • Maintenance Expense: $11,978
  • Professional Management Expense: $0
  • Other Expense: $429
  • Other Expense Description: Misc
  • Trash Expense: $2,062
  • Water Sewer Expense: $2,581
  • Total Expenses: $53,327
Tax / Assessment Info
  • Tax Census Tract: 22.00
Community / Development
Community / Development
  • Accessibility Features: Disability Features, Entry Slope Less Than 1 Foot, No Interior Steps
  • Disability Access: DisabilityAccess, Entry Slope Less than 1 foot, No Interior Steps
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Mountainous
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Refrigerator
  • Equipment: Dishwasher, Inside, Refrigerator
  • Interior Features: 2 Staircases
  • Water Heater Features: Gas
  • Laundry: Yes
  • Laundry Features: Inside
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
Exterior Features
  • Security Features: Fire Sprinkler System, Smoke Detector(s)
  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Entry Location: Front
  • Foundation Details: Slab
  • Property Condition: Fixer, Turnkey
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 53
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One, Two
  • Water: Public
  • Sewer: Engineered Septic
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking: Yes
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
  • Parking Features: Garage Faces Front
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $13,679
  • Unit Type Total Rent: $13,679
  • Unit Type Pro Forma: 14000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 15
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 28
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 10
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Number With Carpet: 10
  • Number With Patio: 10
  • Number Wall AC: 0

Property History for 1007 Buschmann Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1007 Buschmann Road

Taxable ValueLand$156,060Additions$1,165,248Total$1,321,308
Tax Record2023$14,690 ($1,224 / month)
Home Facts
Total Finished SqFt45,481 SqFtAbove Grade Finished SqFt45,481 SqFtStories2Lot Size267,022 SqFtStyleMulti-Family Dwelling (2-4)Year Built1999Zoning00000002CountyBUTTEAPN054-050-099-000

Schools near 1007 Buschmann Road

This home is within Paradise Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Paradise Elementary School
PublicK to 5

Paradise Intermediate School
Public7 to 8

Paradise Senior High School
Public9 to 12

Honey Run Academy Secondary
Public7 to 12

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.

Similar Homes

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Similar Sold Homes

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1007 Buschmann Road is a mixed use property for sale in Paradise, CA 95969. This property was listed for sale on February 13, 2024 by Parkway Real Estate Co., it's currently listed at $2,700,000. It has been on the market for a total of 84 days and was last sold on September 9, 2020. This listing's school district is Paradise Unified School District. Nearby schools include Paradise Elementary School, Paradise Intermediate School and Paradise Senior High School. 1007 Buschmann Road is a 3-bed, 63-bath, 40,500 sqft mixed use property built in 1999.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Parkway Real Estate Co., Hobie Jensen, DRE #01990048; Parkway Real Estate Co., Stephanie Jensen, DRE #01990102

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.