494 East 5th Street

Chico, CA 95928

$1,180,000
Last Sold Price
7
Beds
6
Baths
4,025 Sq. Ft.
$293 / Sq. Ft.
4,025
Sq. Ft.
$293
per Sq. Ft.

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. 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...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. 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. Key Features:

• New roof
• New electrical & plumbing
• New mini splits w/ heat pump
• Tankless hot water heaters
• New kitchens, baths etc w/ granite counters
• New doors and custom windows
• New porch, overhangs, and skirting

Seller may finance, terms negotiable. Upstairs has potential for development of additional units, buyer to investigate.
  1. Listed by Michael Lee • DRE #02216710 • Brokerage DRE #01859198 • Ryno Company • 5305703222
  2. Listed by Ryan Vaught • DRE #01444141 • Brokerage DRE #01859198 • Ryno Company

Property Details for 494 East 5th Street

Architectural Style
Victorian
View
Neighborhood
Parking Spaces Total
3
Private Pool
No
Cooling Type
Zoned Area(s)
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 12/12/2024 06:51 AM

Property Details for 494 East 5th Street

StatusClosed
MLS #SN24027906
Days on Compass250
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1881
Lot Size0.20 AC / 8,712 SF
CountyButte County

Virtual Tour

Building Information for 494 East 5th Street

Stories1Residences-Year Built1881Building Size-Lot Size0.20 AC / 8,712 SF

Property Information for 494 East 5th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $99,060
  • Gross Scheduled Income: $99,060
  • Vacancy Allowance: 2101
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $102,959
  • Net Operating Income: $63,870
  • Cap Rate: 4.9
  • Financing: Seller Financing
Expense Details
  • Operating Expense: $33,089
  • Gardener Expense: $1,800
  • Insurance Expense: $2,500
  • Maintenance Expense: $2,500
  • Professional Management Expense: $4,971
  • Trash Expense: $1,200
  • Water Sewer Expense: $2,500
  • Total Expenses: $33,089
Tax / Assessment Info
  • Tax Block: C
  • Tax Census Tract: 10.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Range, Disposal, Gas Oven, Gas Range, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
  • Equipment: Dishwasher, Gas Or Electric Dryer Hookup, Inside, Microwave, Refrigerator, Room, Vented Exhaust Fan, Washer Hookup
  • Interior Features: Built-in Features, Ceiling Fan(s), Granite Counters, High Ceilings, Laminate Counters, Recessed Lighting, Storage, Wainscoting
  • Room Type: All Bedrooms Down, Galley Kitchen, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Suite
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Kitchen Features: Granite Counters, Laminate Counters, Galley Kitchen
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Electric, High Efficiency, Zoned
  • Heating Type: Heat Pump
  • Heating: Heat Pump
  • Flooring: Laminate, Vinyl
Exterior Features
  • Window Features: Casement Windows, Screens, Wood Frames
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Exterior Features: Awning(s), Lighting, Rain Gutters
  • Roof: Composition
  • Entry Location: 5th Street
  • Fence: No
  • Fence: None
  • Fencing: None
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot, Front Yard, Landscaped, Rectangular Lot, Near Public Transit, Up Slope from Street, Yard
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: 220 Volts in Laundry
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: Driveway, On street
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Gravel, Driveway Level, On Site, 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 Actual Rent: $1,495
  • Unit Type Total Rent: $1,495
  • Unit Type Pro Forma: 1495
  • 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 Actual Rent: $1,295
  • Unit Type Total Rent: $1,295
  • Unit Type Pro Forma: 1295
  • Unit Type Type: 2
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 Actual Rent: $1,395
  • Unit Type Total Rent: $1,395
  • Unit Type Pro Forma: 1395
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 4
Unit 5
  • 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: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 3
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Number With Disposal: 5
  • Number Wall AC: 5

Property History for 494 East 5th 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 494 East 5th Street

Taxable ValueLand$200,000Additions$375,000Total$575,000
Tax Record2022$6,440 ($537 / month)
Home Facts
Baths1Total Finished SqFt3,113 SqFtAbove Grade Finished SqFt3,113 SqFtStories1Lot Size8,712 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningR2CountyBUTTEAPN004-176-005-000

Schools near 494 East 5th 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.

Similar Homes

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Similar Sold Homes

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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 Ryno Company, Michael Lee, DRE #02216710; Ryno Company, Ryan Vaught, DRE #01444141

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.