1122 West Sacramento Avenue
Description
Located in a prime, centrally situated neighborhood just minutes from CSU Chico, this fully leased, income-generating property offers a fantastic investment opportunity. The property consists of four well-maintained units, plus billboard income, including:
Two Identical 2-Bedroom, 1-Bath Units: Built in 2022, these spacious, modern units feature open-concept living areas, sleek finishes, and contemporary design elements. Perfect for tenants seeking comfort...Income-Producing 4-Unit Property Near CSU Chico
Located in a prime, centrally situated neighborhood just minutes from CSU Chico, this fully leased, income-generating property offers a fantastic investment opportunity. The property consists of four well-maintained units, plus billboard income, including:
Two Identical 2-Bedroom, 1-Bath Units: Built in 2022, these spacious, modern units feature open-concept living areas, sleek finishes, and contemporary design elements. Perfect for tenants seeking comfort and convenience, each unit offers two bedrooms, one bathroom, dishwasher, stacked laundry, covered front/rear patios and plenty of storage space. The Duplex, with Mirrored Studio Floor Plans: Full gut and remodeled in 2022. This charming duplex offers two studio units with identical layouts, each designed for efficiency and style. Ideal for students, professionals, or short-term rentals, these units feature modern amenities and easy-to-maintain living spaces. Billboard Lease Income: An additional source of revenue is provided by the on-site billboard lease, adding even more potential for passive income. With its desirable location near CSU Chico, shopping, and grocery stores, this property offers both a steady cash flow and long-term investment potential. Built in 2022 with modern highlights throughout, including stainless steel appliances, quartz countertops, and energy-efficient systems, this property is as stunning as it is functional. Don't miss out on this rare opportunity to own a versatile, high-demand rental property in a thriving area! Key Features:
4 units: 2 x 2-bed, 1-bath and 2 x mirrored studio floor plans. Billboard lease for additional income. Centrally located near CSU Chico, shopping, and dining. High rental demand area with solid cash flow potential. Perfect for investors or those seeking a property with multiple income streams.
- Listed by Eric Stofa • DRE #01904078 • Brokerage DRE #01198431 • Coldwell Banker C&C Properties • 530-228-9203
Property Details for 1122 West Sacramento Avenue
Property Details for 1122 West Sacramento Avenue
| Status | Active |
|---|---|
| MLS # | SN24237085 |
| Days on Compass | 34 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2022 |
| Lot Size | 0.21 AC / 9,148 SF |
| County | Butte County |
Building Information for 1122 West Sacramento Avenue
Property Information for 1122 West Sacramento Avenue
- Tenant Pays: Electricity, Gas
- Gross Income: $68,539
- Gross Scheduled Income: $68,539
- Vacancy Allowance: 2056
- Vacancy Allowance Rate: 3
- Gross Operating Income: $66,438
- Net Operating Income: $50,445
- Current Financing: Conventional
- Operating Expense: $16,038
- New Taxes Expense: $10,788
- Gardener Expense: $900
- Insurance Expense: $1,950
- Trash Expense: $900
- Water Sewer Expense: $1,500
- Total Expenses: $16,038
- CFD/Mello-Roos Fee: $0
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban
- Appliances: Dishwasher, Electric Range, Gas Range, Ice Maker, Microwave, Tankless Water Heater, Water Heater, Water Line to Refrigerator
- Equipment: Dishwasher, Ice Maker, Inside, Microwave, Water Line to Refrigerator
- Interior Features: Ceiling Fan(s), High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting
- Room Type: Kitchen, Living Room
- Water Heater Features: Tankless
- Water Heater Type: Tankless
- Laundry: Yes
- Laundry Features: Inside
- Cooling: Ductless
- Heating Type: Ductless
- Heating: Ductless
- Flooring: Vinyl
- Window Features: Double Pane Windows
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
- Construction Materials: Drywall Walls, Stucco, Wood Siding
- Exterior Construction: Stucco, Wood Siding
- Exterior: Stucco, Wood
- Exterior Features: Lighting, Rain Gutters
- Roof: Composition
- Entry Location: 1
- Fence: Yes
- Fence: Wood
- Fencing: Wood
- Foundation Details: Concrete Perimeter, Slab
- Other Structures: Accessory Dwelling Unit
- Property Condition: Turnkey
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: Back Yard
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Electric: Standard
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Private
- Uncovered Spaces: 7
- Open Other Spaces Total: 7
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Gravel, On Site, Private
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,200
- Unit Type Total Rent: $1,200
- Unit Type Pro Forma: 1295
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,200
- Unit Type Total Rent: $1,200
- Unit Type Pro Forma: 1295
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,625
- Unit Type Total Rent: $1,625
- Unit Type Pro Forma: 1695
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,595
- Unit Type Total Rent: $1,595
- Unit Type Pro Forma: 1695
- Unit Type Type: 4
- Number Of Units Leased: 4
- Rent Controlled: No
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 4
- Number With Range: 4
Property History for 1122 West Sacramento Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1122 West Sacramento Avenue
Schools near 1122 West Sacramento Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Emma Wilson Elementary School PublicK to 5 | ||
Chico Junior High School Public6 to 8 | ||
Chico High School Public9 to 12 | ||
Rosedale Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Coldwell Banker C&C Properties, Eric Stofa, DRE #01904078
Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.