1227 Esplanade

Chico, CA 95926

$2,950,000
Last Sold Price
6
Beds
31
Baths
14,518 Sq. Ft.
$203 / Sq. Ft.
14,518
Sq. Ft.
$203
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 10/20/22
Closed 10/20/22
front view of a house with a small yard

Description

William Tell Apartments, a 17 unit courtyard style multifamily community located in the heart of Chico. The William Tell is located just blocks from one of the largest employers in Chico, Enloe Medical Center. It’s conveniently located within walking distance to downtown Chico as well as Chico State University. William Tell is a courtyard style apartment building. This means residents benefit from the privacy and security of a double entry system. Each unit has a private covered and gated parking...William Tell Apartments, a 17 unit courtyard style multifamily community located in the heart of Chico. The William Tell is located just blocks from one of the largest employers in Chico, Enloe Medical Center. It’s conveniently located within walking distance to downtown Chico as well as Chico State University. William Tell is a courtyard style apartment building. This means residents benefit from the privacy and security of a double entry system. Each unit has a private covered and gated parking space with additional outdoor storage. This apartments offer a mix of unit types including three bedroom units, two bedroom units, on bedrooms, and a remodeled studio apartment. The new owner of William Tell will enjoy significant upside and forced appreciation as rents are currently below market and have much room to rise. Do not delay, properties that this don’t come available very often. Please contact selling agent for financials and offering memorandum.
  1. Listed by Brent Silberbauer • DRE #02019819 • Brokerage DRE #01878277 • eXp Realty of California, Inc.

Property Details for 1227 Esplanade

View
Courtyard
Parking Spaces Total
17
Private Pool
No
Cooling Type
Central Air
Total Units
17.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
14518
LISTING UPDATED: 10/20/2022 04:08 AM

Property Details for 1227 Esplanade

StatusClosed
MLS #SN22088263
Days on Compass57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1964
CountyButte County
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Location

Listing Courtesy of eXp Realty of California, Inc., Brent Silberbauer, DRE #02019819

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01839798

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Building Information for 1227 Esplanade

Building/Complex1227 EsplanadeFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1964Building Size-

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$17,259 per month

30 year fixed, 6.46% Interest

Principal and Interest

$14,855

Property Taxes

$2,404

HOA Dues

$0

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Property Information for 1227 Esplanade

Income / Expense / Tax Details
Income Details
  • Gross Income: $231,008
  • Gross Scheduled Income: $233,580
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $141,334
  • Laundry Income: $2,100
  • Cap Rate: 4.42
  • Financing: Conventional
Expense Details
  • Operating Expense: $89,674
  • Gardener Expense: $2,280
  • Fuel Expense: $0
  • Pest Control Expense: $1,140
  • Electric Expense: $7,800
  • Insurance Expense: $8,586
  • Maintenance Expense: $6,500
  • Professional Management Expense: $14,015
  • Other Expense: $34,946
  • Other Expense Description: prop tax
  • Trash Expense: $2,280
  • Water Sewer Expense: $8,400
  • Total Expenses: $89,674
Tax / Assessment Info
  • Tax Block: 69
  • Tax Census Tract: 6.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Security Features: Gated Community
  • Security: Gated Community
  • Property Condition: Turnkey
  • View Description: Courtyard
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 17
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Built-In Storage, Carport, Gated, Parking Space
  • Parking Garage Spaces: 0
  • Carport Spaces: 17
  • Parking Features: Built-In Storage, Carport, Covered, Gated, Parking Space
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $160,980
  • Unit Type Total Rent: $160,980
  • Unit Type Pro Forma: 182400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $24,300
  • Unit Type Total Rent: $24,300
  • Unit Type Pro Forma: 25500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $32,700
  • Unit Type Total Rent: $32,700
  • Unit Type Pro Forma: 36000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $10,800
  • Unit Type Total Rent: $10,800
  • Unit Type Pro Forma: 11400
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 17
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 0

Property History for 1227 Esplanade

DateEvent & SourcePriceAppreciation
Oct 20, 2022

Sold

CLAW #SN22088263MR

$2,950,000—
Oct 20, 2022

Sold

CRMLS #SN22088263

$2,950,000—
Oct 20, 2022

Sold

SDMLS #SN22088263

$2,950,000—
DateEvent & SourcePrice
10/20/2022

Sold

CLAW #SN22088263MR

$2,950,000
10/20/2022

Sold

CRMLS #SN22088263

$2,950,000
10/20/2022

Sold

SDMLS #SN22088263

$2,950,000

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

Public Records for 1227 Esplanade

Taxable ValueLand$500,000Additions$2,000,000Total$2,500,000
Tax Record2025$28,850 ($2,404 / month)
Home Facts
Baths2Total Finished SqFt14,518 SqFtAbove Grade Finished SqFt14,518 SqFtStories2Lot Size17,859 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningORCountyBUTTEAPN003-064-005-000

Schools near 1227 Esplanade

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
Inspire School of Arts and Sciences
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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Listing Courtesy of eXp Realty of California, Inc., Brent Silberbauer, DRE #02019819

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.