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1252 Warner Street, Chico, CA 95926
--
bed
10
baths
3983
ft2
· 9583
ft2 lot
$1,295,000
$325 / ft2
Listing provided courtesy of Matt Depa, Re/Max of Chico.
Source CRMLS.
What’s better than predictable cash flow in a fast-growing town? Don’t hesitate to act on this solid income-producing asset which has been able to grow rents year over year, every single year, for the last 3 years. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-payed PGE bill keeps expenses minimal and predictable, dropping cold hard cash straight to your bottom line. Just blocks away from Enloe hospital, Chico State, restaurants, and shopping. The scarcity of affordable studios, and sharply increasing demand makes this property a trophy asset that cannot be replicated. Due to recent events in surrounding locations, increased demand for housing in Chico, combined with hindered supply, provides even more upward lift for future rent growth. The recession-resistant Chico rental market has 2 colleges, the biggest hospital north of Sacramento, and a budding tech and startup scene. Chico is a hidden gem of California, and is an ultra-attractive destination for young professionals and families moving outside of cities, seniors looking for a glorious retirement location, as well as students looking for an unparalleled college experience. Do not miss the opportunity to get in on a cash-flowing hard asset of this caliber that will pay dividends for years and years regardless of election and economic turbulence.
HOA
$—/month
On market
2 months
Year built
1980
Property type
Multi-Family
Parking
MLS
SN20211986
Price / Sq.Ft.
$325 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 3983.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: R3
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: No Landscaping
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2200
•   
Lot Size Area: 9583.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 10
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 11
•   
Number Of Separate Gas Meters: 11
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 3800.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 1320.00
•   
New Taxes Expense: 14245.00
•   
Insurance Expense: 2395.00
•   
Professional Management Expense: 7039.00
•   
Total Expenses: 30567.00
•   
Gross Scheduled Income: 100560.00
•   
Tax Block: 6
•   
Operating Expense: 30567.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 8380.00
Lease Info
•   
Net Operating Income: 69993.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 1768.00
Multi Unit Information
Unit 10 Information
•   
Unit 10 Bathrooms: 1
•   
Unit 10 Garage Spaces: 0.00
•   
Unit 10 Actual Rent: 550.00
•   
Unit 10 Total Units: 1
•   
Unit 10 Total Rent: 6600.00
•   
Unit 10 Furnished Units: Unfurnished
Unit 7 Information
•   
Unit 7 Garage Spaces: 0.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 870.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 10440.00
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 870.00
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 10440.00
Unit 3 Information
•   
Unit 3 Actual Rent: 870.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 10440.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 0.00
•   
Unit 8 Actual Rent: 870.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 10440.00
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Garage Spaces: 0.00
•   
Unit 9 Actual Rent: 870.00
•   
Unit 9 Total Units: 1
•   
Unit 9 Total Rent: 10440.00
•   
Unit 9 Furnished Units: Unfurnished
Unit 4 Information
•   
Unit 4 Actual Rent: 870.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 10440.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
Unit 5 Information
•   
Unit 5 Actual Rent: 870.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 10440.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
Multi Unit Information
•   
# Of Units: 10
Unit 6 Information
•   
Unit 6 Actual Rent: 870.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 10440.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 1
Unit 1 Information
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 870.00
•   
Unit 1 Total Rent: 10440.00
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: Between W 2nd & W 4th Ave
Other
Calculation
•   
Dom: 116
•   
Cdom: 116
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 22, 2021 4:57am
Neighborhood snapshot
32
Properties for sale
5
Median days on market
$260.00
Median sold price/sqft
100.63%
Sold/List %
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walk score® :
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bike score® :
Property History
10/08/2020
10/08/2020
CRMLS #SN20211986
active
CRMLS #SN20211986
$1,295,000
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