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328 W 4th Avenue

Chico, CA 95926

– beds
– baths
– sqft
8,712 sqft lot
1980 build
– on site

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Rare opportunity to purchase a conforming 10-plex of studio units. Seller has owned and personally managed/maintained for the last 35 years. 12 paved off street parking spots, behind the building w/alley access. Convenient location in the Avenues, near Enloe Hospital and Citrus Elementary School. Fully leased with month to month leases. Tenants have been there from 6 months to 10 years, so current rents are on the low side. Energy retrofit inspection has been done and certificate will be provided. On site coin operated laundry (leased machines).

Listed By CRMLS_CA / Debbie Maderos / Parkway Real Estate Co.

Last checked: Checking… • Last updated Dec 20, 2023 •

MLS# SN23201814 —

The Building

Year Built:

1980
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Stucco
Roof:

Composition
Common Walls:

2+ Common Walls
Building Area Total:

3359.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

10
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

11

Interior

Features:

Formica Counters, Recessed Lighting, Unfurnished
Levels:

Two
Entry Location:

street
Room Type:

Laundry
Number Wall AC:

10
Fireplace:

No
Fireplace:

None
Laundry:

Community, Individual Room
Laundry:

1

Location

Directions:

Go west on 4th Ave off Esplanade
Latitude:

39.73947000
Longitude:

-121.85218800

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Property Condition:

Repairs Cosmetic
Zoning:

R3
Lot Features:

Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer
Lot Size Area:

8712.0000
Lot Size Acres:

0.2000
Lot Size SqFt:

8712.00
Lot Size Source:

Public Records
View:

1
View:

Neighborhood
Exclusions:

washer/dryer are leased
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

118
Tax Census Tract:

6.03
Tax Lot:

10

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Trust
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

003013046000

Heating & Cooling

Heating:

1
Heating:

Combination
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Sewer Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Range, Disposal, Water Heater Central
Included:

Yes

The Community

Senior Community:

No
Features:

Gutters, Sidewalks, Street Lights
Pool:

None
Private Pool:

No
Inclusions:

10xstoves, 10xwindow/wall air/heat combo units, 10xrefrigerators
Association:

No

Parking

Parking:

Yes
Parking:

Asphalt, Off Street
Parking Spaces:

12.00
Uncovered Spaces:

12.00

Extra Units

Average Studio Area:

300
Number With Carpet:

10
Number With Drapes:

10
Number With Disposal:

10
Number With Refrigerator:

10

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From

Walk Score®

Provided by WalkScore® Inc.

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Sale history

Date	Event	Source	Price
12/19/23 Dec 19, 2023	Sold	CRMLS_CA	$950,000
11/4/23 Nov 4, 2023	Pending	CRMLS_CA	$950,000
11/1/23 Nov 1, 2023	Listed / Active	CRMLS_CA	$950,000

Multifamily Sold on 12/19/2023

$950,000

Listing provided by broker:

Debbie Maderos

Parkway Real Estate Co.

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Listing Courtesy of: CRMLS_CA and Parkway Real Estate Co.. Based on information from California Regional Multiple Listing Service, Inc. as of 05:59 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.

328 W 4th Avenue

Chico, CA 95926