Skip To Content

494 E 5th Street

Chico, CA 95928
  • $1,345,000
  • STATUS: Active
  • ON SITE: 61 Days
  • ID#: SN22215082
UPDATED: 56 min ago
$1,345,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing Agent(s): Brent Silberbauer of Exp Realty Of California, Inc. (888-584-9427)


Description

494 E. 5th St. consists of a beautifully renovated triplex along with two separate additional dwelling units, thus totaling 5 units in all. The previous owners spared no expense on a time period appropriate renovation. Apart from being beautiful to look at theyre functional featuring a new roof, new electrical and plumbing, new mini-splits with heat pump, new granite counters, custom doors and windows, new appliance packages, a new porch and overhang and so much more. One of the key features of this property is its location. Its right on the edge of the GOLDEN TRIANGLE. The Golden Triangle is typically considered the most prime Downtown residential Real Estate that Chico has to offer. This location offers tenants the ability to walk to restaurants, shopping, and nightlife downtown. Ride bikes, walk, or go swimming in Bidwell Park. It has convenient access to HWY 99 and HWY 32 so you can drive to most places in Chico in about 10 minutes or less. Youre very close to Chico State, but its not considered a student area so while its convenient, its also calm and quiet. The neighborhood features beautifully remodeled homes on iconic tree-lined streets. Currently, there is a very strong demand for smaller units like what this property has to offer. New owners can expect low vacancy rates, high rental demand, lower expense ratios, and other factors present in most class A multifamily properties. This property is truly one of a kind.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-06T16:32:09.97. 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 Coldwell Banker C&C Properties. Licensed in the State of California, USA.
www.realestateredding.com/homes/133671871
Print Image

494 E 5th Street Chico, CA 95928

  • Price: $1,345,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 56 min ago
  • ID#: SN22215082
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1900
Built
County:
Butte
Property Description
494 E. 5th St. consists of a beautifully renovated triplex along with two separate additional dwelling units, thus totaling 5 units in all. The previous owners spared no expense on a time period appropriate renovation. Apart from being beautiful to look at theyre functional featuring a new roof, new electrical and plumbing, new mini-splits with heat pump, new granite counters, custom doors and windows, new appliance packages, a new porch and overhang and so much more. One of the key features of this property is its location. Its right on the edge of the GOLDEN TRIANGLE. The Golden Triangle is typically considered the most prime Downtown residential Real Estate that Chico has to offer. This location offers tenants the ability to walk to restaurants, shopping, and nightlife downtown. Ride bikes, walk, or go swimming in Bidwell Park. It has convenient access to HWY 99 and HWY 32 so you can drive to most places in Chico in about 10 minutes or less. Youre very close to Chico State, but its not considered a student area so while its convenient, its also calm and quiet. The neighborhood features beautifully remodeled homes on iconic tree-lined streets. Currently, there is a very strong demand for smaller units like what this property has to offer. New owners can expect low vacancy rates, high rental demand, lower expense ratios, and other factors present in most class A multifamily properties. This property is truly one of a kind.
Exterior Features

Architectural Style Victorian Carport Spaces 0 Exterior Features Awning(S)LightingRain Gutters Fencing None Foundation Details Raised Lot Features Corner LotFront YardLandscapedNear Public TransitRectangular LotSloped UpYard Number Of Separate Electric Meters 5 Open Parking Spaces 3 Parking Features Driveway LevelDrivewayGravelOn SiteOn Street Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Appliances DishwasherEnergy Star Qualified AppliancesFree-Standing RangeDisposalGas OvenGas RangeHigh Efficiency Water HeaterMicrowaveRefrigeratorRange HoodSelf Cleaning OvenVented Exhaust FanWater Heater Common Walls 2+ Common Walls Cooling ElectricHigh EfficiencyZoned Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateVinyl Heating Heat Pump Heating YN Yes Interior Features Built-In FeaturesCeiling Fan(S)Granite CountersHigh CeilingsLaminate CountersPaneling/WainscotingRecessed LightingStorageAll Bedrooms DownBedroom On Main LevelGalley KitchenMain Level Master Window Features Casement Window(S)ScreensWood Frames

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalks Electric 220 Volts in Laundry Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 99420 Gross Scheduled Income 99420 Insurance Expense 2500 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer HookupInsideLaundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 2500 Net Operating Income 65616 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 31816 Possession Close Of Escrow Property Condition Updated/Remodeled Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTelephone Total Actual Rent 7960 Trash Expense 1200 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 1988 Vacancy Allowance Rate 2 Water Sewer Expense 2500 Water Source Public Zoning City



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-06T16:32:09.97. 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 Coldwell Banker C&C Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370143219-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370143219-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370143219-1.jpg
Logo
Coldwell Banker C&C Properties
2120 Churn Creek Rd.
Redding CA, 96002
Listing Agent(s): Brent Silberbauer of Exp Realty Of California, Inc. (888-584-9427)