377 East 7th Avenue

Chico, CA 95926

$1,200,000
Last Sold Price
5
Beds
5
Baths
2,861 Sq. Ft.
$419 / Sq. Ft.
2,861
Sq. Ft.
$419
per Sq. Ft.

Description

Updated, clean and fully occupied 5 units in the heart of Chico, CA. This property consists of a 4 unit building consisting of all 1 bedroom units and a newly constructed detached 2 bedroom house. Combined income of all units is over $9300/month. One of the one bedroom units is a fully furnished short term rental unit with several years of documented income averaging $3000/month. The unfurnished 1 bedrooms are approx $1400/mo and the 2 bedroom house is leased for over 2K/month. All leases are month...Updated, clean and fully occupied 5 units in the heart of Chico, CA. This property consists of a 4 unit building consisting of all 1 bedroom units and a newly constructed detached 2 bedroom house. Combined income of all units is over $9300/month. One of the one bedroom units is a fully furnished short term rental unit with several years of documented income averaging $3000/month. The unfurnished 1 bedrooms are approx $1400/mo and the 2 bedroom house is leased for over 2K/month. All leases are month to month. This property is professionally managed and management is willing to stay on if desired. Additionally a private first mortgage is assumable for 450K at 5% for 20 years if desired. See virtual tour and included document package.
  1. Listed by Ryan Vaught • DRE #01444141 • Brokerage DRE #01859198 • Ryno Company
  2. Listed by Lauren Kennedy • DRE #01957950 • Brokerage DRE #01859198 • Ryno Company

Property Details for 377 East 7th Avenue

Parking Spaces Total
10
Private Pool
No
Cooling Type
Ductless
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2861
Assessor Parcel Number
003403012000

Location

Listing Courtesy of Ryno Company, Ryan Vaught, DRE #01444141; Ryno Company, Lauren Kennedy, DRE #01957950

Sold By NONMEMBER MRML, General NONMEMBER, DRE #CA

Add your commute
LISTING UPDATED: 01/04/2023 04:06 AM

Property Details for 377 East 7th Avenue

StatusClosed
MLS #SN22134807
Days on Compass167
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.21 AC / 9,148 SF
CountyButte County

Location

Listing Courtesy of Ryno Company, Ryan Vaught, DRE #01444141; Ryno Company, Lauren Kennedy, DRE #01957950

Sold By NONMEMBER MRML, General NONMEMBER, DRE #CA

Add your commute

Virtual Tour

Building Information for 377 East 7th Avenue

Stories1Residences-Year Built1963Building Size-Lot Size0.21 AC / 9,148 SF

Payment Calculator

$7,075 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$526

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 377 East 7th Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $112,140
  • Gross Scheduled Income: $112,140
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $108,776
  • Net Operating Income: $77,612
  • Gross Multiplier: 11.55
  • Cap Rate: 5.99
  • Financing: Cash
Expense Details
  • Operating Expense: $31,163
  • Gardener Expense: $1,800
  • Fuel Expense: $0
  • Electric Expense: $500
  • Insurance Expense: $850
  • Maintenance Expense: $2,500
  • Professional Management Expense: $6,728
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,140
  • Supplies Expense: $1,200
  • Total Expenses: $31,163
Tax / Assessment Info
  • Tax Block: 35
  • Tax Census Tract: 7.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Gutters
Property / Structure Info
Interior Features
  • Appliances: Water Heater
  • Equipment: In Closet
  • Interior Features: Ceiling Fan(s)
  • Laundry: Yes
  • Laundry Features: In Closet
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Ductless
  • Heating Type: Ductless
  • Heating: Ductless
  • Flooring: Carpet, Vinyl
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: Cement Siding, Drywall Walls
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Raised, Slab
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Lawn, Sprinkler System, Sprinklers In Front, Yard
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Gravel, Paved
  • Road Frontage Type: Alley, City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Electric: Cable Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Gravel, Off Street
Unit Information
Unit 1
  • 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: $1,395
  • Unit Type Total Rent: $2,790
  • Unit Type Pro Forma: 1395
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,195
  • Unit Type Total Rent: $1,195
  • Unit Type Pro Forma: 1395
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2

Property History for 377 East 7th 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 377 East 7th Avenue

Taxable ValueLand$178,500Additions$385,500Total$564,000
Tax Record2022$6,317 ($526 / month)
Home Facts
Baths1Total Finished SqFt2,112 SqFtAbove Grade Finished SqFt2,112 SqFtStories1Lot Size9,147 SqFtStyleQuadraplexYear Built1963ZoningR1CountyBUTTEAPN003-403-012-000

Schools near 377 East 7th 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
Public - K to 5
Rating
School
Distance
Citrus Avenue Elementary School
PublicK to 5

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Hooker Oak Elementary School
PublicK to 5

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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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 Ryno Company, Ryan Vaught, DRE #01444141; Ryno Company, Lauren Kennedy, DRE #01957950

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.