Sold for $425,000

Listed by: Keller Williams Realty Chico Area • Matthew Herman • Contact: 530-212-7373

Bought with: Willow & Birch Realty, Inc

$425,000

1744 Oakdale St, Chico, CA 95928

4beds

3baths

2,200sqft

Duplex

Built in 1942

-- sqft lot

$442,400 Zestimate^®

$193/sqft

$1,582 Estimated rent

Home value

$442,400

$416,000 - $469,000

$1,582/mo

Zestimate^® history

Owner options

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$1,582/mo

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$1,582/mo

Rent Zestimate^®

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$2,647/mo

Est. payment

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$2,647/mo

Est. payment

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What's special

Newer roofCentral heatUpdated kitchen

Solid Investment Opportunity: Duplex with Strong Rental History of almost $3000 gross rents per month. Explore this investment duplex, offering a practical entry into real estate ownership. The main house spans 1,500 sq ft with 3 bedrooms and 2 bathrooms, featuring an updated kitchen, in-unit washer and dryer, and central heat and air. It also includes a fenced backyard for outdoor activities. The second unit, an 500 sq ft studio, comes with its own washer and dryer, adding convenience for tenants. Newer roof. With a Gross Rent Multiplier (GRM) of 11, this property presents itself as a cash-flowing asset from the outset. It's an ideal choice for those looking to start or expand their investment portfolio, especially for first-time investors keen on stepping into the real estate market. This property is a capable investment that requires some attention but promises a steady income stream in a reliable rental market.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Rooms

Room types: Bedroom

Bedroom

Features: All Bedrooms Down

Heating

Central

Cooling

Central Air

Appliances

Laundry: Electric Dryer Hookup, Gas Dryer Hookup

Features

Unfurnished, All Bedrooms Down
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 2,200
Total interior livable area: 2,200 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Entry location: Front
Pool features: None
Has view: Yes
View description: None

Lot

Size: 7,841 Square Feet
Features: 6-10 Units/Acre, Back Yard, Front Yard

Details

Parcel number: 005231005000
Zoning: RD-1
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Roof: Asphalt

Condition

New construction: No
Year built: 1942

Utilities & green energy

Sewer: Sewer Tap Paid
Water: Public
Utilities for property: Cable Available

Community & HOA

Community

Features: Urban

Location

Region: Chico

Financial & listing details

Price per square foot: $193/sqft
Tax assessed value: $433,500
Annual tax amount: $5,060
Date on market: 2/28/2024
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Cal Vet Loan,1031 Exchange,FHA,Fannie Mae
Inclusions: Washer Dryer in both units, Refrigerator in both units
Tenant pays: Cable TV, Electricity, Gas, Telephone

Price history

Date	Event	Price
4/16/2024	Sold	$425,000+6.5%$193/sqft
Source: CRMLS #SN24040612 Report a problem
3/18/2024	Pending sale	$399,000$181/sqft
Source: CRMLS #SN24040612 Report a problem
3/8/2024	Listed for sale	$399,000+94.6%$181/sqft
Source: CRMLS #SN24040612 Report a problem
1/15/2004	Sold	$205,000+84.7%$93/sqft
Source: Public Record Report a problem
10/5/2001	Sold	$111,000$50/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,060 +58.1%	$433,500 +51.7%
2024	$3,201 +1.2%	$285,738 +2%
2023	$3,163 +1.6%	$280,136 +2%
2022	$3,114 +2%	$274,644 +2%
2021	$3,052 +0.2%	$269,260 +1%
2020	$3,046 +1.7%	$266,500 +2%
2019	$2,994 +13.3%	$261,275 +13.6%
2018	$2,643 +9.6%	$230,000 +9.5%
2017	$2,411 +7.3%	$210,000
2016	$2,247 -1.2%	$210,000
2015	$2,274	$210,000
2014	$2,274	$210,000
2013	--	$210,000 +16.7%
2012	--	$180,000 -7.7%
2011	--	$195,000
2010	--	$195,000 -13.8%
2009	--	$226,333 +2%
2008	--	$221,896 +2%
2007	--	$217,546 +2%
2006	--	$213,282 +2%
2005	--	$209,100 +53.1%
2004	--	$136,613 +1.9%
2003	--	$134,110 +20.8%
2002	--	$111,000 +280.8%
2001	--	$29,148