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494 E 5th Street

Chico, CA 95928
  • $1,395,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: SN24027906
UPDATED: 139 min ago
$1,395,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing Agent(s): Michael Lee of Ryno Company (530-343-2959) and Ryan Vaught of Ryno Company(530-343-2959)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T00:28:36.88. 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 Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/147449603
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494 E 5th Street Chico, CA 95928

  • Price: $1,395,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 139 min ago
  • ID#: SN24027906
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1900
Built
County:
Butte
Property Description
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.
Exterior Features

Architectural Style Victorian Carport Spaces 0 Entry Level 1 Entry Location 5th Street 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 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 PrimaryPrimary Suite Window Features Casement Window(s)ScreensWood Frames

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.9 Common Interest None Community Features CurbsGutter(s)Storm Drain(s)Street LightsSidewalks Electric 220 Volts in Laundry Garage YN No Green Energy Efficient Appliances Gross Income 105060 Gross Scheduled Income 105060 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 Existing Loan Maintenance Expense 2500 Net Operating Income 68410 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 3 Number Of Units Leased 4 Operating Expense 34549 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 Total Actual Rent 8755 Trash Expense 1200 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 2101 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 2024-02-29T00:28:36.88. 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 Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Michael Lee of Ryno Company (530-343-2959) and Ryan Vaught of Ryno Company(530-343-2959)