282 East 8th Street

Chico, CA 95928

$1,195,000
Price
8
Beds
10
Baths
4,600 Sq. Ft.
$260 / Sq. Ft.
4,600
Sq. Ft.
$260
per Sq. Ft.

Description

Enhance your investment portfolio with this exceptional opportunity to own a distinctive collection of studio and 1-bedroom downtown lofts, combining the charm of the old with modern comforts. Over the past few years, every unit has been updated, and the building has undergone comprehensive renovations from the roof down to the decking. Residents love the convenience of walking and biking to downtown coffee shops and restaurants. Enjoy your morning coffee on one of the several porches, or have a...Enhance your investment portfolio with this exceptional opportunity to own a distinctive collection of studio and 1-bedroom downtown lofts, combining the charm of the old with modern comforts. Over the past few years, every unit has been updated, and the building has undergone comprehensive renovations from the roof down to the decking. Residents love the convenience of walking and biking to downtown coffee shops and restaurants. Enjoy your morning coffee on one of the several porches, or have a picnic in the courtyard while picking fresh figs and oranges. Rich in Chico history, the property even features a historic hitching post out front, a charming relic from the days when horses were a common sight.
  1. Listed by Matt Depa • DRE #01861484 • Brokerage DRE #01996441 • Re/Max of Chico • 530-896-9300
  2. Listed by Steve Depa • DRE #00813533 • Brokerage DRE #01996441 • Re/Max of Chico

Property Details for 282 East 8th Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4600
Assessor Parcel Number
004385006000
LISTING UPDATED: 06/24/2024 08:26 AM

Property Details for 282 East 8th Street

StatusActive
MLS #SN24128891
Days on Compass150
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1901
CountyButte County

Building Information for 282 East 8th Street

Building/Complex282 E 8th StFloor-Stories2Residences-Pet Policy-Year Built1901Building Size-

Property Information for 282 East 8th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $9,900
  • Gross Scheduled Income: $119,967
  • Net Operating Income: $76,362
  • Other Income Description: Laundry & Utility bill back
  • Other Income 1: $700
  • Other Income 2: $467
Expense Details
  • Operating Expense: $43,605
  • Fuel Expense: $0
  • Pest Control Expense: $13,384
  • Electric Expense: $392
  • Insurance Expense: $2,750
  • Maintenance Expense: $14,491
  • Professional Management Expense: $6,222
  • Trash Expense: $2,491
  • Water Sewer Expense: $3,875
  • Total Expenses: $43,605
Tax / Assessment Info
  • Tax Block: 37
  • Tax Census Tract: 10.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 3,4
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Off Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $12,000
  • Unit Type Pro Forma: 1125
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $12,600
  • Unit Type Pro Forma: 1125
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,025
  • Unit Type Total Rent: $12,300
  • Unit Type Pro Forma: 1125
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,025
  • Unit Type Total Rent: $12,300
  • Unit Type Pro Forma: 1125
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $11,100
  • Unit Type Pro Forma: 1125
  • Unit Type Type: 4
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,095
  • Unit Type Total Rent: $13,140
  • Unit Type Pro Forma: 1125
  • Unit Type Type: 5
Unit 7
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $895
  • Unit Type Total Rent: $10,740
  • Unit Type Pro Forma: 950
  • Unit Type Type: 6
Unit 8
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $895
  • Unit Type Total Rent: $10,740
  • Unit Type Pro Forma: 950
  • Unit Type Type: 7
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $12,000
  • Unit Type Pro Forma: 1125
  • Unit Type Type: 8
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $990
  • Unit Type Total Rent: $11,880
  • Unit Type Pro Forma: 1125
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1

Property History for 282 East 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 282 East 8th Street

Taxable ValueLand$278,877Additions$342,232Total$621,109
Tax Record2024$8,072 ($673 / month)
Home Facts
Baths7Total Finished SqFt4,600 SqFtAbove Grade Finished SqFt4,600 SqFtStories2Lot Size7,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1901ZoningRMUCountyBUTTEAPN004-385-006-000

Schools near 282 East 8th Street

This home is within Chico Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Parkview Elementary School
PublicK to 5

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Chico Country Day School
CharterK to 8

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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282 East 8th Street is a multi-family home for sale in Chico, CA 95928. This property was listed for sale on June 24, 2024 by Re/Max of Chico, it's currently listed at $1,195,000. It has been on the market for a total of 150 days and was last sold on September 27, 2017. This listing's school district is Chico Unified School District. Nearby schools include Parkview Elementary School, Chico Junior High School and Chico High School. 282 East 8th Street is a 8-bed, 10-bath, 4,600 sqft multi-family home built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max of Chico, Matt Depa, DRE #01861484; Re/Max of Chico, Steve Depa, DRE #00813533

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.