131 W 3rd, Chico, CA 95926
131 W 3rd, Chico, CA 95926,Video Tour
131 W 3rd, Chico, CA 95926
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$829,000
Est. payment /mo
6,098 Sqft Lot
Save Virtual Tour

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN26059148

HOA Y/N No

Year Built 1963

Lot Size 6,098 Sqft

Property Sub-Type Apartment

Property Description

Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing.
Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/
1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.

Location

State CA

County Butte

Interior

Heating Forced Air

Fireplace No

Appliance Dryer, Washer

Laundry In Garage

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Biking, Curbs

Total Parking Spaces 1

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 003064014000

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=Xd8aogSJH1g&mls=1

Read Less Info
CRMLS Full IDX Feed (MAIN Website Search)
Listed by Matthew Herman Keller Williams Realty Chico Area 5302127373, DRE #01505777

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Newport Properties, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

131 W 3rd

QUICK SEARCH
VIEW MORE