Chico, CA 95928 494 E 5th Street

$1,395,000

46 more

Presented By: Michael Lee with Ryno Company; 5305703222

MLS# SN24027906
02/09/2024

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Beds • 7
Baths • 6
SQFT • 4,025

Home Details

Welcome to 494 E. 5th Street, a unique and meticulously renovated historic property comprising a stunning period styled triplex and two additional detached dwelling units, totaling five units altogether. The main house is one of very few OCTAGONAL built homes ever constructed. During the recent period-appropriate renovation no expense were spared. The upgrades include brand-new roofs, electrical and plumbing systems, energy-efficient mini splits with heat pumps, elegant granite counters, custom doors and windows, modern appliance packages, a charming porch, and an inviting overhang – all enhancing the property's allure. Units have indoor laundry. This exceptional property boasts a prime location, situated right on the edge of the renowned GOLDEN TRIANGLE – Chico's most sought-after downtown residential area. The Golden Triangle is synonymous with luxurious living and offers unparalleled convenience to tenants. Residents can easily walk to a myriad of dining options, shopping destinations, and vibrant nightlife downtown. Additionally, Bidwell Park beckons with its recreational activities like biking, walking, and swimming, providing an ideal escape into nature. Seller may finance, terms negotiable. Upstairs has potential for development of additional units, buyer to investigate.

Presented By: Michael Lee with Ryno Company; 5305703222

Interior Features for 494 E 5th Street

Other Interior Features

Air Conditioning Y/NYes

Basement (Y/N)No

Common WallsItem2CommonWalls

Electric On Property Y/NNo

Fireplace FeaturesNone

Fireplace Y/NNo

FlooringLaminate, Vinyl

Heating Y/NYes

Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup, Inside, LaundryRoom

Street SuffixStreet

Total Stories1

Window FeaturesCasementWindows, Screens, WoodFrames

Other Rooms

Entry Level1

General for 494 E 5th Street

Additional Parcels Y/NNo

AppliancesDishwasher, ENERGYSTARQualifiedAppliances, FreeStandingRange, Disposal, GasOven, GasRange, HighEfficiencyWaterHeater, Microwave, Refrigerator, RangeHood, SelfCleaningOven, VentedExhaustFan, WaterHeater

Architectural StyleVictorian

Attached Garage No

Building Area UnitsSquareFeet

Cap Rate4.9

Carport Spaces0.0

Carport Y/NNo

CityChico

Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Sidewalks

CoolingElectric, HighEfficiency, Zoned

CountyButte

Days on Market30

DirectionsFrom CA-32 W., turn right onto Cypress St, turn left at the 3rd cross street onto E. 5th St. Home is on the right.

ElectricItem220VoltsinLaundry

Energy EfficientAppliances

Entry Location5th Street

Exterior FeaturesAwnings, Lighting, RainGutters

Garage Spaces0.0

Garage Y/NNo

Gross Income105060.0

HOA0.0

HOA / Comm AssnNo

HeatingHeatPump

Home Warranty Y/NNo

Insurance Expense2500.0

Interior FeaturesBuiltinFeatures, CeilingFans, GraniteCounters, HighCeilings, LaminateCounters, PanelingWainscoting, RecessedLighting, Storage, AllBedroomsDown, BedroomonMainLevel, GalleyKitchen, MainLevelPrimary, PrimarySuite

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsOne

Listing TermsCash, CashtoExistingLoan

Lot Size Square Feet8712.0

MaintenanceExpense2500.0

MobileHomeRemainsYNNo

Net Operating Income68410.0

New ConstructionNo

Number of Units Leased4

Open Parking Spaces3.0

Operating Expense34549.0

Pool FeaturesNone

Private PoolNo

Property Attached Y/NYes

Property ConditionUpdatedRemodeled

Property Sub Type AdditionalTriplex

Property SubTypeTriplex

Property TypeResidentialIncome

Rent Control Y/NNo

RoofComposition

Security FeaturesCarbonMonoxideDetectors, SmokeDetectors

Senior Community Y/NNo

SewerPublicSewer

Spa FeaturesNone

Special Listing ConditionsStandard

Standard StatusActive

StatusActive

Stories1

Street Name5th

Tax Lot8

Total Actual Rent8755.0

Total Units5

Trash Expense1200.0

UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected

ViewNeighborhood

View Y/NYes

Virtual TourClick here

Water Sewer Expense2500.0

Waterfront Y/NNo

Year Built1900

Year Built SourcePublicRecords

ZoningCITY

Exterior for 494 E 5th Street

Building Area Total4025.0

Crops Included Y/NNo

FencingNone

Foundation DetailsRaised

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesCornerLot, FrontYard, Landscaped, NearPublicTransit, RectangularLot, SlopedUp, Yard

Lot Size Acres0.2

Lot Size Area8712.0

Lot Size SourceAssessor

Lot Size UnitsSquareFeet

Number of Buildings3

Number of Separate Electric Meters5

Number of Separate Gas Meters5

Number of Separate Water Meters3

Open Parking Y/NNo

Parking FeaturesDrivewayLevel, Driveway, Gravel, OnSite, OnStreet

SpaNo

Total Parking3.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $1,395,000

MLS#SN24027906

List Date 02/09/2024

Property Type Multi-Family

Phone 714.964.3311

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