Chico, CA 95926 1360 Palm Avenue

$485,000

Sold: May 02, 2024

31 more

Presented By: Steve Depa with Re/Max of Chico; 530-896-9339

MLS# SN24063659
04/03/2024

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SQFT • 2,838

Home Details

Embrace the charm and practicality of this inviting triplex, nestled in the serene Avenues neighborhood. Each of the three units within this property offers a spacious layout, featuring three bedrooms and one bathroom, all designed with a consistent floor plan that maximizes both comfort and utility for its residents. Residents on the ground floor units delight in private yards, perfect for relaxation or casual outdoor gatherings, and the entire property benefits from low-maintenance landscaping, allowing for effortless enjoyment of the outdoor spaces. Comfort & convenience is further enhanced by central heat & air and on-site coin-operated laundry facilities, with ample off-street parking... A great find in such a sought-after location. Situated in a neighborhood known for its easy access to local amenities, this triplex is just a short jaunt to shops, dining, and entertainment options, making it an ideal investment for those seeking a blend of lifestyle and location. Perfect for investors or those looking for a multi-family property, this triplex offers simplicity, convenience, and the timeless appeal of the Avenues. Don’t miss out on this opportunity!

Presented By: Steve Depa with Re/Max of Chico; 530-896-9339

General for 1360 Palm Avenue

Additional Parcels Y/NNo

Attached Garage No

Building Area UnitsSquareFeet

Buyer FinancingCash

Carport Y/NNo

CityChico

Close Price500000.0

Community FeaturesUrban

CoolingCentralAir

CountyButte

Days on Market5

DirectionsBewtween E 3rd Ave & E 4th Ave

Electric Expense416.0

Entry LocationFront

Fuel Expense0.0

Garage Spaces0.0

Garage Y/NNo

Gross Income3620.0

HOA / Comm AssnNo

HeatingCentral

Home Warranty Y/NNo

Insurance Expense1800.0

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsTwo

Listing TermsCash, Conventional, Item1031Exchange

Lot Size Square Feet7841.0

MobileHomeRemainsYNNo

Net Operating Income34908.0

New ConstructionNo

Number of Units Leased3

Operating Expense8532.0

Pool FeaturesNone

Private PoolNo

Property Attached Y/NYes

Property Sub Type AdditionalTriplex

Property SubTypeTriplex

Property TypeResidentialIncome

Rent Control Y/NYes

Senior Community Y/NNo

SewerSepticTank

Special Listing ConditionsStandard

Standard StatusClosed

StatusClosed

Stories2

Street NamePalm

Tax Lot5

Taxes$5,456

Total Units3

Trash Expense468.0

View Y/NNo

Water Sewer Expense392.0

Waterfront Y/NNo

Year Built1984

Year Built SourceAssessor

ZoningR1

Interior for 1360 Palm Avenue

Air Conditioning Y/NYes

Basement (Y/N)No

Common WallsItem2CommonWalls

Electric On Property Y/NNo

Entry Level1

Fireplace FeaturesNone

Fireplace Y/NNo

Heating Y/NYes

Laundry FeaturesCommonArea

Street SuffixAvenue

Total Stories2

Exterior for 1360 Palm Avenue

Building Area Total2838.0

Crops Included Y/NNo

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesNoLandscaping

Lot Size Acres0.18

Lot Size Area7841.0

Lot Size SourceAssessor

Lot Size UnitsSquareFeet

Number of Buildings1

Number of Separate Electric Meters4

Number of Separate Gas Meters4

Number of Separate Water Meters1

Open Parking Y/NNo

SpaNo

Total Parking0.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $485,000

MLS#SN24063659

List Date 04/03/2024

Property Type Multi-Family

Phone 714.964.3311

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Chico, CA 95926 1360 Palm Avenue

$485,000

Home Details

General for 1360 Palm Avenue

Interior for 1360 Palm Avenue

Exterior for 1360 Palm Avenue

Additional Details

Price History

First Team Client Services

Similar Properties to 1360 Palm Avenue

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