1001 W Sacramento Avenue

    Chico, CA 95926
    • $6,475,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: SN19219311
    UPDATED: 49 min ago
    $6,475,000
    • 0
      BEDS
    • 2.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 39,198
      SQFT
    • $165
      $/SQFT
    Type:
    Multi-Family
    Built:
    1984
    County:

    School Ratings & Info

    Description

    Student Housing Opportunity with further development potential. This asset consists of 34 apartments with an underlying condominium map in place, three houses, and a cottage on four contiguous parcels. Three of the parcels have the potential for adding additional units. The property sits at the corner of Nord Ave. and West Sacramento Ave. at the northwest boundary of California State University, Chico. The neighborhood is served by a Safeway shopping center, many retail and fast food opportunities, and a mix of older apartment communities and new luxury properties mostly serving the student market. Most of the apartments and houses have been renovated in the last three years. The sale includes 1001 W. Sacramento Ave. consisting of 14 two bedroom 1 bath units, and 20 three bedroom 2 bath units; 924 Nord Ave. is a two bedroom one bath house, and one bedroom one bath studio; 932 Nord Ave., formerly a three bedroom one bath house but is now a recording studio; 931 W. Sacramento., Ave which is a three bedroom one bath house.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T07:33:55.4. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98961350

    1001 W Sacramento Avenue Chico, CA 95926

    • Price: $6,475,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: SN19219311
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.08
    Acres
    39,198
    SQFT
    $165
    $/SQFT
    1984
    Built
    County:
    Butte
    Property Description
    Student Housing Opportunity with further development potential. This asset consists of 34 apartments with an underlying condominium map in place, three houses, and a cottage on four contiguous parcels. Three of the parcels have the potential for adding additional units. The property sits at the corner of Nord Ave. and West Sacramento Ave. at the northwest boundary of California State University, Chico. The neighborhood is served by a Safeway shopping center, many retail and fast food opportunities, and a mix of older apartment communities and new luxury properties mostly serving the student market. Most of the apartments and houses have been renovated in the last three years. The sale includes 1001 W. Sacramento Ave. consisting of 14 two bedroom 1 bath units, and 20 three bedroom 2 bath units; 924 Nord Ave. is a two bedroom one bath house, and one bedroom one bath studio; 932 Nord Ave., formerly a three bedroom one bath house but is now a recording studio; 931 W. Sacramento., Ave which is a three bedroom one bath house.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner Lot Lot Size Source See Remarks Lot Size Units Square Feet Parking Total 102.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 950 Average2 Bed Area Units Square Feet Average3 Bed Area 1150 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central AirSee Remarks Cooling YN Yes Heating CentralSee Remarks Heating YN Yes Laundry Features Individual RoomSee Remarks Levels Two

    Property Features

    Additional Parcels Description 043-210-041043-210-043043-210-027 Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 5277.00 Elevation Units Feet Gardener Expense 6750.00 Gross Income 44188.00 Gross Scheduled Income 541396.00 Insurance Expense 11246.00 Land Lease YN No Laundry YN Yes Maintenance Expense 36553.00 Net Operating Income 361709.00 New Construction YN No New Taxes Expense 66000.00 Number Of Separate Electric Meters 38 Number Of Separate Gas Meters 38 Number Of Separate Water Meters 6 Operating Expense 179687.00 Other Income1 11005.00 Professional Management Expense 27441.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 179687.00 Trash Expense 10154.00 Water Sewer Expense 16266.00 Water Source Public Year Built Source See Remarks

    Listing provided courtesy of Matt Depa of Re/Max Of Chico and Steve Depa of Re/Max Of Chico


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T07:33:55.4. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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