533 Orange Street, Unit 1

Chico, CA 95928

$2,525,000
Price
3
Beds
24
Baths
10,772 Sq. Ft.
$234 / Sq. Ft.
10,772
Sq. Ft.
$234
per Sq. Ft.

Description

Welcome to Portland Place, a meticulously crafted, 2014-constructed multifamily property located in the heart of Chico, CA. The community consists of (8) large, three-bedroom three-bathroom floor plans with approximately 1,346 square feet each. Each unit is equipped with a full size washer and dryer, attached garage, private balcony and climate controlled heating and air conditioning. The combination of these interior/exterior attributes resulted in the reputable "AEP Span Project of the Year" award...Welcome to Portland Place, a meticulously crafted, 2014-constructed multifamily property located in the heart of Chico, CA. The community consists of (8) large, three-bedroom three-bathroom floor plans with approximately 1,346 square feet each. Each unit is equipped with a full size washer and dryer, attached garage, private balcony and climate controlled heating and air conditioning. The combination of these interior/exterior attributes resulted in the reputable "AEP Span Project of the Year" award in 2015 for its design, color, and contribution to the university community. Portland Place provides a new owner the opportunity to acquire truly unique, pride-of ownership asset with an attractive going-in yield.
  1. Listed by Spencer Moyer • DRE #01940191 • Brokerage DRE #02126212 • Alive Commercial Real Estate • 8589224181

Property Details for 533 Orange Street, Unit 1

Parking Spaces Total
8
Private Pool
No
Cooling Type
Central, Dual
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10772
Assessor Parcel Number
004204006000
LISTING UPDATED: 11/15/2024 05:24 AM

Property Details for 533 Orange Street, Unit 1

StatusPending
MLS #SN24208979
Days on Compass36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income / Townhouse
Year Built2014
CountyButte County

Building Information for 533 Orange Street, Unit 1

Building/Complex533 Orange StFloor-Stories3Residences-Pet Policy-Year Built2014Building Size-

Property Information for 533 Orange Street, Unit 1

Income / Expense / Tax Details
Income Details
  • Gross Income: $220,175
  • Gross Scheduled Income: $222,180
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $215,515
  • Net Operating Income: $149,510
  • Other Income Description: Utility Reimbursement
  • Other Income 1: $4,661
Expense Details
  • Operating Expense: $70,665
  • New Taxes Expense: $29,593
  • Gardener Expense: $5,400
  • Fuel Expense: $0
  • Electric Expense: $662
  • Insurance Expense: $6,000
  • Maintenance Expense: $8,000
  • Professional Management Expense: $11,008
  • Other Expense: $1,600
  • Other Expense Description: Reserves
  • Trash Expense: $2,553
  • Water Sewer Expense: $5,862
  • Total Expenses: $70,665
Tax / Assessment Info
  • Tax Block: 84
  • Tax Census Tract: 10.00
  • Tax Lot: 5,6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Foothills, Hiking, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Interior Features: 2 Staircases
  • Laundry: Yes
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air, Dual
  • Heating Type: Central
  • Heating: Central
  • Flooring: Carpet, Laminate, Vinyl
Exterior Features
  • Entry Location: 1st Floor
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Direct Entrance
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,314
  • Unit Type Total Rent: $18,515
  • Unit Type Pro Forma: 19600
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 533 Orange Street, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 533 Orange Street, Unit 1

Taxable ValueLand$541,025Additions$2,135,986Total$2,677,011
Tax Record2024$29,598 ($2,466 / month)
Home Facts
Baths2.5Total Finished SqFt10,772 SqFtAbove Grade Finished SqFt10,772 SqFtStories3Lot Size17,859 SqFtStyleMulti-Family Res (5+ Units)Year Built2014ZoningR3CountyBUTTEAPN004-204-006-000

Schools near 533 Orange Street, Unit 1

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
Public - K to 5
Rating
School
Distance
Citrus Avenue 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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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 Alive Commercial Real Estate, Spencer Moyer, DRE #01940191

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.