Incredible Investment Opportunity ahead!! This is a rare investment offering featuring not just one, but two strategically positioned 4-plex units, poised for immediate returns and substantial future growth. This unique property presents many enticing possibilities for savvy investors and is teeming with potential! Nestled in a tranquil enclave near Enloe Hospital, this property boasts a quiet and desirable location, providing residents with proximity to healthcare facilities, charming restaurants, cozy coffee shops, Historic Downtown Chico, and Chico State University. As a testament to ongoing care and investment, the property features newer appliances in select units, one entirely upgraded model, a fresh exterior paint job, and a brand-new parking lot. These enhancements contribute to the overall attractiveness and functionality of the property. This property's expansive back area allows for the addition of up to four Accessory Dwelling Units (ADUs), further increasing rental capacity and revenue streams. Take advantage of the ability to improve and upgrade the units further, positing yourself for increased rental income and property appreciation. With multiple units and the potential for additional ADUs, this property offers diversified income streams, mitigating risk and enhancing overall investment stability. Whether you're a seasoned investor looking to add to your portfolio or a newcomer seeking a solid entry point, this property is a promising canvas for your investment success. Seize the moment and make this exceptional property yours! Contact us today for more details and to schedule a private viewing!
Sold for $1,290,000
Listed by: eXp Realty of California, Inc. • Brent Silberbauer • Contact: 888-584-9427
Bought with: NONMEMBER MRML
$1,290,000
1842 Arcadian Ave #1, Chico, CA 95926
16beds
8baths
5,600sqft
Quadruplex
Built in 1963
-- sqft lot
$1,109,800 Zestimate®
$230/sqft
$1,461 Estimated rent
Home value
$1,109,800
$999,000 - $1.23M
$1,461/mo
Zestimate® history
Owner options
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List your homeWhat's special
Cozy coffee shopsBrand-new parking lotCharming restaurantsNewer appliancesFresh exterior paint job
Zillow last checked:
Listing updated:
Listed by:
Brent Silberbauer DRE #02019819 5308642404,
eXp Realty of California, Inc.
Bought with:
Ralph Norton, DRE #01005061
NONMEMBER MRML
Source: CRMLS,MLS#: SN23231163
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Rooms
- Room types: Kitchen, Living Room
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Free-Standing Range, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
- Laundry: Common Area, Laundry Room
Features
- Flooring: Carpet, Laminate
- Windows: Double Pane Windows, Screens
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,600
- Total interior livable area: 5,600 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.38 Acres
- Features: Back Yard, Lawn, Landscaped, Near Public Transit, Rectangular Lot, Street Level, Yard
Details
- Additional parcels included: 003613028000
- Parcel number: 003613029000
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Chico
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $657,840
- Annual tax amount: $7,605
- Date on market: 12/29/2023
- Cumulative days on market: 22 days
- Listing terms: Cash,Cash to New Loan
- Exclusions: Tenant's Personal Property
- Total actual rent: 9142
- Tenant pays: Cable TV, Electricity
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/8/2024 | Sold | $1,290,000-7.5%$230/sqft |
Source:  CRMLS #SN23231163 Report a problem | ||
| 1/11/2024 | Contingent | $1,395,000$249/sqft |
Source: CRMLS #SN23231163 Report a problem | ||
| 12/29/2023 | Listed for sale | $1,395,000+235.7%$249/sqft |
Source: CRMLS #SN23231163 Report a problem | ||
| 9/26/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/14/2023 | Price change | $1,350-3.6% |
Source: Zillow Rentals Report a problem | ||
| 9/6/2023 | Listed for rent | $1,400+76.1% |
Source: Zillow Rentals Report a problem | ||
| 5/24/2021 | Sold | $415,500+11.1%$74/sqft |
Source: Public Record Report a problem | ||
| 2/17/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/6/2018 | Listing removed | $795 |
Source: Owner Report a problem | ||
| 3/6/2018 | Listed for rent | $795 |
Source: Owner Report a problem | ||
| 1/23/2018 | Listing removed | $374,000$67/sqft |
Source: Independent Realty Group #CH17085347 Report a problem | ||
| 12/30/2017 | Pending sale | $374,000$67/sqft |
Source: Independent Realty Group #CH17085347 Report a problem | ||
| 11/18/2017 | Price change | $374,000-1.3%$67/sqft |
Source: Independent Realty Group #CH17085347 Report a problem | ||
| 10/24/2017 | Price change | $379,000-2.6%$68/sqft |
Source: Independent Realty Group #CH17085347 Report a problem | ||
| 10/10/2017 | Price change | $389,000-2.5%$69/sqft |
Source: Independent Realty Group #CH17085347 Report a problem | ||
| 5/31/2017 | Price change | $399,000-11.3%$71/sqft |
Source: Independent Realty Group #CH17085347 Report a problem | ||
| 4/21/2017 | Listed for sale | $450,000+115.3%$80/sqft |
Source: Independent Realty Group #CH17085347 Report a problem | ||
| 4/27/2012 | Sold | $209,000$37/sqft |
Source: Public Record Report a problem | ||
| 2/23/2012 | Listed for sale | $209,000-29.2%$37/sqft |
Source: Sarah Nielsen Report a problem | ||
| 7/8/2011 | Listing removed | $295,000$53/sqft |
Source: Mid Valley Realty #CH201111065 Report a problem | ||
| 6/18/2011 | Listed for sale | $295,000-26.1%$53/sqft |
Source: Mid Valley Realty #CH201111065 Report a problem | ||
| 12/8/2005 | Sold | $399,000$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,605 +55.6% | $657,840 +49.2% |
| 2024 | $4,886 +1.2% | $440,808 +2% |
| 2023 | $4,829 +1.6% | $432,205 +2% |
| 2022 | $4,751 +73.3% | $423,770 +74% |
| 2021 | $2,741 -22.1% | $243,516 +1% |
| 2020 | $3,518 +31.1% | $241,030 +2% |
| 2019 | $2,684 +1.8% | $236,324 +2% |
| 2018 | $2,636 +2.1% | $231,711 +2% |
| 2017 | $2,581 +9.5% | $227,189 +2% |
| 2016 | $2,357 0% | $222,755 +1.5% |
| 2015 | $2,357 +1.9% | $219,425 +2% |
| 2014 | $2,314 | $215,147 +0.5% |
| 2013 | -- | $214,180 -25.1% |
| 2012 | -- | $286,000 -16.1% |
| 2011 | -- | $341,000 |
| 2010 | -- | $341,000 -11.7% |
| 2009 | -- | $386,000 -7.2% |
| 2008 | -- | $416,119 +2% |
| 2007 | -- | $407,980 +2% |
| 2006 | -- | $400,000 +47.4% |
| 2005 | -- | $271,300 +2% |
| 2004 | -- | $266,000 +101.8% |
| 2003 | -- | $131,834 +2% |
| 2002 | -- | $129,269 +2.8% |
| 2001 | -- | $125,755 |
Find assessor info on the county website
Neighborhood: The Avenues
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Nearby schools
GreatSchools rating
- 6/10Citrus Avenue Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10Chico Junior High SchoolGrades: 6-8Distance: 1 mi
- 7/10Chico High SchoolGrades: 9-12Distance: 0.8 mi
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- California
- Butte County
- Chico
- 95926
- The Avenues
- 1842 Arcadian Ave Unit 1
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