5772 Black Olive Drive

Paradise, CA 95969

$599,000
Price
2
Beds
4
Baths
2,550 Sq. Ft.
$235 / Sq. Ft.
2,550
Sq. Ft.
$235
per Sq. Ft.

Description

This property boasts TWO beautiful homes on one lot (5772 & 5776 Black Olive) — perfect for anyone looking to live in one and rent the other or generate steady rental income from both. Rental demand is high in Paradise, and this property helps meet that need with its ideal setup. Each home offers 1275 square feet of open-concept living, complete with 2 spacious bedrooms and 2 bathrooms. These homes are built with functionality and style in mind, featuring high-efficiency ductless mini-split systems,...This property boasts TWO beautiful homes on one lot (5772 & 5776 Black Olive) — perfect for anyone looking to live in one and rent the other or generate steady rental income from both. Rental demand is high in Paradise, and this property helps meet that need with its ideal setup. Each home offers 1275 square feet of open-concept living, complete with 2 spacious bedrooms and 2 bathrooms. These homes are built with functionality and style in mind, featuring high-efficiency ductless mini-split systems, stamped concrete driveways and walkways, and a fully landscaped yard for easy outdoor enjoyment. Both homes also come with a private 2-car garage and laundry hookups for added convenience. Located just moments from Paradise's charming downtown, residents have quick access to local favorites like the Paradise Memorial Trailway—a beautiful 5.2-mile path through town perfect for walking or biking. Nearby, you’ll find Paradise Community Park, which hosts popular community events throughout the year, and Joy Lyn’s Candy Shop for those with a sweet tooth! Plus, the central location makes commuting to Chico or navigating Paradise a breeze. Each home has its own electric meter for separate billing, and the property shares a single water meter. Thoughtfully designed for timeless appeal and functional for today’s needs, don’t miss this opportunity to own an income-producing property in a fantastic community location.
  1. Listed by Jessica Williams • DRE #02178946 • Brokerage DRE #01527661 • Connect Real Estate Group • 530-591-0906
  2. Listed by Bradley Williams • DRE #02016497 • Brokerage DRE #01527661 • Connect Real Estate Group

Property Details for 5772 Black Olive Drive

View
None
Parking Spaces Total
8
Private Pool
No
Cooling Type
Ductless
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2550
LISTING UPDATED: 11/12/2024 10:21 PM

Property Details for 5772 Black Olive Drive

StatusActive
MLS #SN24227564
Days on Compass14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.41 AC / 17,860 SF
CountyButte County

Building Information for 5772 Black Olive Drive

Stories1Residences-Year Built2024Building Size-Lot Size0.41 AC / 17,860 SF

Property Information for 5772 Black Olive Drive

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $50,400
  • Gross Scheduled Income: $48,000
  • Net Operating Income: $35,500
  • Current Financing: Private
Expense Details
  • Operating Expense: $12,500
  • New Taxes Expense: $9,000
  • Insurance Expense: $3,500
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $12,500
Tax / Assessment Info
  • Tax Block: 4
  • Tax Census Tract: 21.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9-13
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Dog Park, Fishing, Hiking, Lake, Horse Trails, Park, Hunting, Watersports, Mountainous
  • Complex Features: Horse Trails
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Range, Disposal, High Efficiency Water Heater, Microwave
  • Equipment: Dishwasher, Garage, Microwave
  • Interior Features: Ceiling Fan(s), Open Floorplan, Pantry, Quartz Counters, Recessed Lighting
  • Room Type: Living Room, Main Floor Primary Bedroom, Walk-In Pantry
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Ductless
  • Heating Type: Ductless
  • Heating: Ductless
  • Flooring: Vinyl
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: HardiPlank Type, Lap Siding
  • Roof: Composition
  • Entry Location: 1
  • Fence: No
  • Fence: None
  • Fencing: None
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Two On A Lot
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Level with Street, Sprinklers In Front, Sprinklers In Rear
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Not Available, Water Connected
  • Electric: 220 Volts in Garage, Electricity - On Property, Photovoltaics Seller Owned
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Driveway Level, Garage Faces Front
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 0
  • Number With Carpet: 0
  • Number With Disposal: 2
  • Number With Drapes: 0
  • Number With Patio: 2

Property History for 5772 Black Olive Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5772 Black Olive Drive

Taxable ValueLand$51,000Additions-Total$51,000
Tax Record2024$592 ($49 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,578 SqFtAbove Grade Finished SqFt1,578 SqFtStories1Lot Size17,859 SqFtStyleMiscellaneous ResidentialYear Built1947ZoningC2CountyBUTTEAPN052-143-003-000

Schools near 5772 Black Olive Drive

This home is within Paradise Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Paradise Elementary School
PublicK to 5

Paradise Intermediate School
Public7 to 8

Paradise Senior High School
Public9 to 12

Hometech Charter School
CharterK to 12

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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5772 Black Olive Drive is a multi-family home for sale in Paradise, CA 95969. This property was listed for sale on November 4, 2024 by Connect Real Estate Group, it's currently listed at $599,000. It has been on the market for a total of 14 days and was last sold on February 7, 2023. This listing's school district is Paradise Unified School District. Nearby schools include Paradise Elementary School, Paradise Intermediate School and Paradise Senior High School. 5772 Black Olive Drive is a 2-bed, 4-bath, 2,550 sqft multi-family home built in 2024.

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 Connect Real Estate Group, Jessica Williams, DRE #02178946; Connect Real Estate Group, Bradley Williams, DRE #02016497

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.