Chico, CA 95926 1119 W Sacramento Avenue
$1,750,000
24 more
Presented By: Laura Willman with Century 21 Select Real Estate, Inc.; 530-680-8962
Beds • 28
Baths • 10
SQFT • 9,688
Year Built • 1983
Home Details
This is a fantastic opportunity to own seven units that are each 1384 square foot, 4 bedroom 2 bath and fully rented in a great location, close to Chico State University and just a few short steps away from grocery stores, restaurants, bus lines and other conveniences. Each unit has it's own HVAC system, water heater, dual pane windows and a fully equipped kitchen with stove, refrigerator, dishwasher and garbage disposal and a built-in microwave in some of the units. There is the added bonus of a private laundry room in each unit with. There are three units in one building and two in each of the other buildings surrounding a central common courtyard and two lovely grassy areas with open BBQ's and plenty of outdoor seating. In 2018 each building's exterior was re-painted and new roofs installed (one building was re-roofed in 2017.) The interior of three of the units have been recently improved with light and bright finishes and laminate flooring. A fourth building on the property has a bathroom and was used as an office building in the past. It is currently being used for storage but you can explore other options as the new owner. Traditionally, vacancy rates have been incredibly low for this property due to it's amazing location.
Presented By: Laura Willman with Century 21 Select Real Estate, Inc.; 530-680-8962
Interior Features for 1119 W Sacramento Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesKitchen
Fireplace Y/NYes
FlooringCarpet, Laminate
Heating Y/NYes
Total Stories2
Window FeaturesDoublePaneWindows
Other Rooms
Entry Level1
General for 1119 W Sacramento Avenue
Additional Parcels Y/NNo
AppliancesFreeStandingRange, Disposal, Microwave, Refrigerator, WaterHeater, Dryer, Washer
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.8
Carport Spaces0.0
Carport Y/NNo
CityChico
Community FeaturesSuburban
CoolingCentralAir
CountyButte
Current FinancingAssumable, Private
DirectionsTake Nord Ave and head west at the Safeway intersection with W Sac Ave.
ElectricStandard
Electric Expense293.0
Electric On Property Y/NNo
Entry LocationGround
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income152953.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense9690.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsPrivateFinancingAvailable, Submit
Lot Size Square Feet21780.0
Lot Size UnitsSquareFeet
MaintenanceExpense13698.0
MobileHomeRemainsYNNo
Net Operating Income102289.0
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Open Parking Spaces17.0
Operating Expense50664.0
Other StructuresStorage
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot11
Total Actual Rent12325.0
Trash Expense3907.0
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewCourtyard, Neighborhood
Water Sewer Expense3398.0
Waterfront Y/NNo
Year Built1983
Year Built SourceAssessor
ZoningASR
Exterior for 1119 W Sacramento Avenue
Building Area Total9688.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsRefrigerators, some washers and some dryers
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre, Lawn, Level
Lot Size Acres0.5
Lot Size Area21780.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters8
Open Parking Y/NNo
Parking FeaturesAsphalt, DrivewayLevel
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking17.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,750,000
MLS#SN25022136
List Date
01/31/2025
Property Type
Multi-Family
Phone
(562) 537-4182
