Address
1252 Warner Street Chico, CA
Price
$ 1,295,000
Property Attributes
  • MLS#SN20211986
  • TypeIncome
  • CountyBUTTE
  • CityChico
  • Zip95926
  • Style
  • Price$ 1,295,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3983
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Matt Depa with Re/Max of Chico.
Property Description

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.

Price History
10/8/2020 Listed $1,295,000

General Features

Assessments Unknown
Attached Structure Attached
Co-Listing Agent Last Name Depa
Co-Listing Agent Last Name Steve
Co-Listing Agent State License # 00813533
Co-listing Agent Steve Depa - BRE#00813533
Community Features Sidewalks
Directions Between W 2nd & W 4th Ave
Garage Spaces 0.00
Listagentaor Sierra North Valley
Listing Agent Matt Depa - BRE#01861484
Listing Agent State License 01861484
Pool Features None
Price Per Square Foot 325.13
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 10
Zoning R3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 3983.00
Lot Features No Landscaping
Lot Size Acres 0.2200
Lot Size Area 9583.0000
Lot Size Source Assessor
Lot Size Square Feet 9583.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 11
Number of Separate Gas Meters 11
Number of Separate Water Meters 1
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95926

Price
AVG $1.16M
$1.3M
Visits
AVG 176
11
Year Built
AVG 1974
1980

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