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1145 Magnolia Avenue, Chico, CA 95926
$775,000
1145 Magnolia Avenue, Chico, CA 95926View this property at 1145 Magnolia Avenue, Chico, CA 95926
1145 Magnolia AvenueChicoCA95926
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Property Description
RARE INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF CHICO!!! 4 WELL MAINTAINED UNITS WITH GREAT POSITIVE CASH FLOW! YOU MIGHT WANT TO LIVE IN ONE AND LET YOUR TENANTS PAY YOUR MORTGAGE! OR MAYBE YOU HAVE A STUDENT AT CHICO STATE? You can actually see Enloe Hospital right down the tree-lined road from the property and it's just a quick walk to Chico State University two blocks away! The property has a great history of always being rented from professionals to students. The first home (unit 1) is a charming 1925 Bungalow, 3 Bed/1.5 Baths (1142 sq ft), covered front porch, original hardwood floors throughout, gorgeous built-in hutch in the dining room, large basement and front yard even has white picket fencing. There is convenient Laundry Room with sink located in the back of the unit. In between the 1st home and 2nd home is a shared, expanded entertaining patio, where people can be found enjoying themselves and BBQing! Second Home (Unit 2) is 4 Bed/2 Bath (1552 sq ft.) built in 2001. This home was finished with Hardiplank siding, had a roof replacement in 2017, flooring replaced with luxury vinyl planking, indoor Washer/Dryer area and tons of storage space in kitchen/baths. Units 3 & 4 are located in the 3rd Dwelling and was also built in 2001 with similar features. Unit #3 is a 1 Bed/1 Bath (573 sq ft) located upstairs and Unit #4 is a Studio (572 sq ft) located on the bottom floor. Both units share an indoor laundry accessed conveniently between both. Unit #3 was recently updated with tones of white & gray, Luxury Vinyl Planking, interior paint, refrigerator and wall furnace. The back of the property has been generously concreted for off-street parking, where at least 6 or more cars can be parked, accessed by an alley way. All meters for electric and gas are positioned in the front of the property by an organized mailbox area. The easy ability to walk/bike into Downtown Chico to enjoy dining and shopping, along with local Chico happenings and other amenities, is a Huge Win! Walking Score is 75! Don't miss the 3D Matterport to be able to virtually step through this well thought out and Substantial Cash Flow Property!
Full Property Details
Full Property Details for 1145 Magnolia Ave
General
- Sold For: $775,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SN23165490
- Added to Site: 267 day(s) ago
Interior
- Rooms/Areas: Basement, Jack & Jill, Primary Bathroom, Primary Bedroom, Walk-In Closet
- Interior Features: Ceiling Fan(s), Formica Counters, Tile Counters
- Fireplace(s): None
- Appliances: Dishwasher, Gas Range, Water Heater
- Flooring: Carpet, See Remarks, Wood
Rooms
Other Rooms
- Laundry: Common Area, Dryer Included, Individual Room, Inside, See Remarks, Washer Included
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Exterior Features: Awning(s), Rain Gutters
Parking
- Parking Features: Concrete, Paved, Off-Street, Street
- Parking: Concrete, Paved, Off-Street, Street
Location
- County: Butte
- Driving Directions: Head West on E 1st Ave, cross over Esplanade, turn right onto Magnolia Ave.
Heating & Cooling
- Cooling Type: Central Air, Electric, Wall/Window Unit(s)
- Heating Type: Central, Electric, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Architectural Style: Bungalow, Traditional
- Foundation: Combination, Raised, Slab
- Roof: Composition
- Windows: Blinds
- Doors: Sliding Doors
- Entry Location: Front Door
- Stories/Levels: One,Two
- Stories Description: One, Two
- Square Feet: 3,839
- Year Built: 2001
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 4
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.27
- Lot Size Source: Assessor
- Zoning: R3
- Lot Description: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Sprinkler System, Walking Street
Financial Considerations
- Price Per Sq. Ft.: $201.88
- Price Per Unit: 200000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Inclusions: All Refrigerators, Washer/Dryers
Listed by Re/Max Home and Investment, Lora Trenner
Sold by Keller Williams Palo Alto, Diane Martin
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Schools
Schools serving 1145 Magnolia Ave
School District:Chico Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1350 Citrus Ave, Chico, CA 95926 | PK-8 | 0.2 mi | |
280 Memorial Way, Chico, CA 95926 | 6-8 | 0.6 mi | |
901 Esplanade, Chico, CA 95926 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1145 Magnolia Ave
Date
Details
Price
Change
Source
12/08/2023
Sold
$775,000
-3.12%
MLS
11/02/2023
Price Reduced
$799,999
-11.01%
MLS
9/15/2023
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1145 Magnolia Avenue, Chico, CA 95926 (MLS# SN23165490) is a Multi-Family property that was sold at $775,000 on December 08, 2023. Want to learn more about 1145 Magnolia Avenue? Do you have questions about finding other Multi-Family real estate for sale in Chico? You can browse all Chico real estate or contact a Coldwell Banker agent to request more information.