$5,595,000 186 E Shasta Avenue Chico, CA

MLS: SN21146401   Type: Income   County: Butte   City: Chico   Zip: 95973     Stories: 1

Mortgage $26,268 /mo



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New financing or assume existing loan...Shasta East is a duplex community consisting of 28, 2 bedroom 1 bath units. Each unit has indoor laundry, and an oversized one car garage along with a private & spacious yard. These units enjoy near 100% occupancy with many long term tenants. Current owners have been upgrading units, as they turn over. Property offers significant upside, by improving rents to meet local market value, as well as the ability to add/build out amenities to the underutilized portions of the property. Purchase also includes 194 E Shasta Ave.

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Price History

7/6/2021 Listed $5,595,000

Additional Parcels Description 006-380-003
Additional Parcels Y/N Yes
Co-Listing Agent State License # 01861484
Co-listing Agent Matt Depa - BRE#01861484
Community Features Sidewalks
Cooling Central Air
Garage Spaces 28
Garage Y/N Yes
Heating Central
Land Lease Y/N No
Levels One
Listing Agent Steve Depa - BRE#00813533
Listing Agent State License 00813533
Lot Size Square Feet 129808
Pool Features None
Private Pool No
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N N
Sewer Septic Tank
Special Listing Conditions Standard
Status Active
Stories 1
Terms Cash, Conventional, 1031 Exchange
Total Units 28
Water Sewer Expense 6675
Zoning R3

Interior Features

Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Heating Y/N Yes
Laundry Features Inside

Exterior Features

Lot Features Back Yard
Lot Size Acres 2.98
Lot Size Area 129808
Lot Size Source See Remarks
Lot Size Units Square Feet
Number of Buildings 14
Number of Separate Electric Meters 30
Number of Separate Gas Meters 30
Number of Separate Water Meters 2
Total Parking 28
Water Source Public

Property Schools

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Property vs Zip Code Avg (95973)

Price 5.59M Avg 5.59M

Sqr Feet 24,640 Avg 24,640

Cost / Sqr Ft $227 Avg $227

Acres 2.97998 Avg 2.98

Visits 62 Avg 63

Days on Site 204 Avg 204

Walkscore® 59 Avg 59

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Steve Depa with Re/Max of Chico - 530-896-9339

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA