1152 Magnolia Avenue

Chico, CA 95926

$1,150,000
Price
15
Beds
6
Baths
4,500 Sq. Ft.
$256 / Sq. Ft.
4,500
Sq. Ft.
$256
per Sq. Ft.

Description

This investment opportunity in Chico presents a prime location near Chico State University, Enloe Hospital, Downtown Chico, and various shopping centers, making it highly desirable for renters. The property features five-units with a charming single-family residence at the front and a four-unit apartment building towards the back. The front home features three bedrooms and two bathrooms, with a beautifully updated interior that includes granite countertops, white cabinets, stainless steel appliances,...This investment opportunity in Chico presents a prime location near Chico State University, Enloe Hospital, Downtown Chico, and various shopping centers, making it highly desirable for renters. The property features five-units with a charming single-family residence at the front and a four-unit apartment building towards the back. The front home features three bedrooms and two bathrooms, with a beautifully updated interior that includes granite countertops, white cabinets, stainless steel appliances, and durable LVP flooring throughout. The living room is cozy with a fireplace, and there's a private washer and dryer for convenience. The four-unit apartment building, located down the walkway, features spacious three-bedroom, one-bathroom units. Each apartment offers a private balcony or patio, providing outdoor space for tenants. The units also feature roomy living areas, fully equipped kitchens, and a quaint dining nook. An on-site laundry room adds to the convenience for residents. This property's location ensures high demand, particularly from students attending Chico State and healthcare professionals working at Enloe Hospital. With its proximity to downtown and shopping centers, tenants will enjoy easy access to dining, entertainment, and retail options.
  1. Listed by John Barroso • DRE #01434090 • Brokerage DRE #02065919 • Parkway Real Estate Co. • 530-570-8489

Property Details for 1152 Magnolia Avenue

View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4500

Location

Listing Courtesy of Parkway Real Estate Co., John Barroso, DRE #01434090
Add your commute
LISTING UPDATED: 05/31/2024 05:56 AM

Property Details for 1152 Magnolia Avenue

StatusActive
MLS #SN24101772
Days on Compass26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.23 AC / 10,019 SF
CountyButte County

Location

Listing Courtesy of Parkway Real Estate Co., John Barroso, DRE #01434090
Add your commute

Building Information for 1152 Magnolia Avenue

Stories2Residences-Year Built1978Building Size-Lot Size0.23 AC / 10,019 SF

Payment Calculator

$7,072 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$796

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1152 Magnolia Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $83,722
  • Gross Scheduled Income: $83,722
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $81,210
  • Net Operating Income: $50,970
Expense Details
  • Operating Expense: $30,240
  • New Taxes Expense: $12,900
  • Gardener Expense: $2,400
  • Electric Expense: $180
  • Insurance Expense: $3,600
  • Maintenance Expense: $1,200
  • Professional Management Expense: $5,856
  • Trash Expense: $1,908
  • Water Sewer Expense: $1,980
  • Total Expenses: $30,024
Tax / Assessment Info
  • Tax Census Tract: 6.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 12
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central, Wall
  • Heating: Central, Wall Furnace
  • Flooring: Laminate, Vinyl
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Landscaped
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Off Street, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,245
  • Unit Type Total Rent: $1,245
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • 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: 1500
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Number With Disposal: 5
  • Number Wall AC: 4

Property History for 1152 Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1152 Magnolia Avenue

Taxable ValueLand$268,048Additions$588,493Total$856,541
Tax Record2023$9,549 ($796 / month)
Home Facts
Baths1Total Finished SqFt1,008 SqFtAbove Grade Finished SqFt1,008 SqFtStories1Lot Size10,018 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningR3CountyBUTTEAPN003-093-014-000Fireplace TypeHas Fireplace

Schools near 1152 Magnolia Avenue

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

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Inspire School of Arts and Sciences
Charter9 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.

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1152 Magnolia Avenue is a multi-family home for sale in Chico, CA 95926. This property was listed for sale on May 20, 2024 by Parkway Real Estate Co., it's currently listed at $1,150,000. It has been on the market for a total of 26 days and was last sold on May 11, 2022. This listing's school district is Chico Unified School District. Nearby schools include Citrus Avenue Elementary School, Chico Junior High School and Chico High School. 1152 Magnolia Avenue is a 15-bed, 6-bath, 4,500 sqft multi-family home built in 1978.

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., John Barroso, DRE #01434090

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.