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1842 Arcadian Avenue

Chico, CA 95926

– beds
– baths
– sqft
~1/2 acre lot
1963 build
– on site

More homes

Incredible Investment Opportunity ahead!! This is a rare investment offering featuring not just one, but two strategically positioned 4-plex units, poised for immediate returns and substantial future growth. This unique property presents many enticing possibilities for savvy investors and is teeming with potential! Nestled in a tranquil enclave near Enloe Hospital, this property boasts a quiet and desirable location, providing residents with proximity to healthcare facilities, charming restaurants, cozy coffee shops, Historic Downtown Chico, and Chico State University. As a testament to ongoing care and investment, the property features newer appliances in select units, one entirely upgraded model, a fresh exterior paint job, and a brand-new parking lot. These enhancements contribute to the overall attractiveness and functionality of the property. This property's expansive back area allows for the addition of up to four Accessory Dwelling Units (ADUs), further increasing rental capacity and revenue streams. Take advantage of the ability to improve and upgrade the units further, positing yourself for increased rental income and property appreciation. With multiple units and the potential for additional ADUs, this property offers diversified income streams, mitigating risk and enhancing overall investment stability. Whether you're a seasoned investor looking to add to your portfolio or a newcomer seeking a solid entry point, this property is a promising canvas for your investment success. Seize the moment and make this exceptional property yours! Contact us today for more details and to schedule a private viewing!

Listed By CRMLS_CA / Brent Silberbauer / eXp Realty of California, Inc. / 5308642404

Last checked: Checking… • Last updated Feb 9, 2024 •

MLS# SN23231163 —

The Building

Year Built:

1963
Year Built Source:

Assessor
New Construction:

No
Roof:

Composition
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

5600.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

8
Stories Total:

2
# of Separate Gas Meters:

8
# of Separate Water Meters:

2
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

1
Window Features:

Double Pane Windows, Screens
Flooring:

Carpet, Laminate
Room Type:

Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Common Area, Individual Room
Laundry:

1

Location

Directions:

From Esplanade, Turn Left onto W. 8th Ave, At Traffic Circle, Continue Straight to stay on W. 8th Ave, Turn Right onot Arcadian Ave, Property is on the Right.
Latitude:

39.74489400
Longitude:

-121.85413500

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

R1
Lot Features:

Back Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Near Public Transit, Yard
Lot Size Area:

16553.0000
Lot Size Acres:

0.3800
Lot Size SqFt:

16553.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

Wood
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Exclusions:

Tenant's Personal Property
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Additional Parcels Description:

003613028000
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

6.03
Tax Lot:

21

The Listing

Buyer's Brokerage Compensation:

2.250%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.25
Parcel Number:

003613029000

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Oven, Electric Range, Free-Standing Range, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
Included:

Yes

The Community

Senior Community:

No
Features:

Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Off Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/8/24 Feb 8, 2024	Sold	CRMLS_CA	$1,290,000	-7.5%
1/10/24 Jan 10, 2024	Sold Subject To Contingencies	CRMLS_CA	$1,395,000
12/29/23 Dec 29, 2023	Listed / Active	CRMLS_CA	$1,395,000

Multifamily Sold on 2/8/2024

$1,290,000

Listing provided by broker:

Brent Silberbauer

eXp Realty of California, Inc.

5308642404

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Listing Courtesy of: CRMLS_CA and eXp Realty of California, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 09:00 on May 09.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

1842 Arcadian Avenue

Chico, CA 95926