541 West 5th Street, Unit 1

Chico, CA 95928

$889,000
Price
7
Beds
7
Baths
4,293 Sq. Ft.
$207 / Sq. Ft.
4,293
Sq. Ft.
$207
per Sq. Ft.

Description

Welcome to 541 W 5th St, a fantastic 7-unit property in the vibrant heart of downtown Chico! This historic multi-family residence offers prime access to the city's bustling dining, shopping, and entertainment and is just blocks away from Chico State University—an ideal location for those seeking convenience and connection to all that downtown has to offer. Several long-term tenants have called this property home for years, making it an excellent investment opportunity. Don’t miss out on this rare...Welcome to 541 W 5th St, a fantastic 7-unit property in the vibrant heart of downtown Chico! This historic multi-family residence offers prime access to the city's bustling dining, shopping, and entertainment and is just blocks away from Chico State University—an ideal location for those seeking convenience and connection to all that downtown has to offer. Several long-term tenants have called this property home for years, making it an excellent investment opportunity. Don’t miss out on this rare chance to own a prime income property in downtown Chico!
  1. Listed by Shane Collins • DRE #01738682 • Brokerage DRE #01996441 • Re/Max of Chico • 530-896-9300

Property Details for 541 West 5th Street, Unit 1

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4293
LISTING UPDATED: 11/20/2024 02:39 AM

Property Details for 541 West 5th Street, Unit 1

StatusActive
MLS #SN24229027
Days on Compass6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1907
Lot Size0.13 AC / 5,663 SF
CountyButte County

Building Information for 541 West 5th Street, Unit 1

Stories2Residences-Year Built1907Building Size-Lot Size0.13 AC / 5,663 SF

Property Information for 541 West 5th Street, Unit 1

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $82,140
  • Gross Scheduled Income: $82,140
  • Vacancy Allowance: 1643
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $67,927
Expense Details
  • Operating Expense: $14,213
  • New Taxes Expense: $9,190
  • Gardener Expense: $1,106
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Insurance Expense: $5,500
  • Maintenance Expense: $2,169
  • Professional Management Expense: $4,850
  • Trash Expense: $588
  • Water Sewer Expense: $3,600
  • Supplies Expense: $0
  • Total Expenses: $17,812
Tax / Assessment Info
  • Tax Census Tract: 10.00
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Outside, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • 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: $925
  • Unit Type Pro Forma: 1000
  • 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: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 2
Unit 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 Garage Attached: No
  • Unit Type Actual Rent: $1,145
  • Unit Type Total Rent: $1,145
  • Unit Type Pro Forma: 1145
  • Unit Type Type: 3
Unit 4
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1145
  • Unit Type Type: 4
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: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 1145
  • Unit Type Type: 5
Unit 6
  • 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: $750
  • Unit Type Total Rent: $750
  • Unit Type Pro Forma: 750
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number With Dishwasher: 0
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Number Wall AC: 7

Property History for 541 West 5th 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 541 West 5th Street, Unit 1

Taxable ValueLand$213,201Additions$671,084Total$884,285
Tax Record2024$9,779 ($815 / month)
Home Facts
Baths1Total Finished SqFt2,644 SqFtAbove Grade Finished SqFt2,644 SqFtStories2Lot Size5,662 SqFtStyleMulti-Family Res (5+ Units)Year Built1907Year Renovated1930ZoningR3CountyBUTTEAPN004-213-002-000

Schools near 541 West 5th 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
Charter - K to 8
Rating
School
Distance
Citrus Avenue 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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541 West 5th Street, Unit 1 is a mixed use property for sale in Chico, CA 95928. This property was listed for sale on November 7, 2024 by Re/Max of Chico, it's currently listed at $889,000. It has been on the market for a total of 6 days and was last sold on December 6, 2021. This listing's school district is Chico Unified School District. Nearby schools include Citrus Avenue Elementary School, Chico Junior High School and Chico High School. 541 West 5th Street, Unit 1 is a 7-bed, 7-bath, 4,293 sqft mixed use property built in 1907.

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, Shane Collins, DRE #01738682

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.