Sold for $599,000

Listing Provided by: NextHome North Valley Realty

Bought with: NONMEMBER MRML

$599,000

8 Lorayne Ct, Chico, CA 95926

8beds

4baths

3,712sqft

Quadruplex

Built in 1980

-- sqft lot

$653,400 Zestimate^®

$161/sqft

$1,692 Estimated rent

Home value

$653,400

$608,000 - $699,000

$1,692/mo

Zestimate^® history

Owner options

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$1,692/mo

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$1,692/mo

Rent Zestimate^®

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$3,767/mo

Est. payment

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$3,767/mo

Est. payment

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What's special

This is a great opportunity to own an investment property located just blocks away from CSU Chico. This well-positioned 4-plex offers not only immediate rental income but also substantial potential for increased capital appreciation and enhanced cash flow. Don't miss out on this opportunity to secure a 4-plex with potential for value enhancement and increased market rents. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a strategic entry point into the real estate market, this property offers a combination of location, potential, and profitability.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Refrigerator
Laundry: Common Area

Features

Flooring: Carpet
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 3,712
Total interior livable area: 3,712 sqft

Property

Parking

Parking features: On Site, On Street

Features

Levels: Two
Stories: 2
Entry location: Front
Pool features: None
Spa features: None
Fencing: None
Has view: Yes
View description: None

Lot

Size: 9,583 sqft
Features: 0-1 Unit/Acre

Details

Parcel number: 043131024000
Zoning: R3
Special conditions: Trust

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Materials

Stucco
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & neighborhood

Community

Community features: Curbs, Storm Drain(s), Street Lights, Sidewalks

Location

Region: Chico

Other

Other facts

Listing terms: Submit

Price history

Date	Event	Price
11/3/2023	Sold	$599,000$161/sqft
Source: CRMLS #SN23146463 Report a problem
8/25/2023	Pending sale	$599,000$161/sqft
Source: CRMLS #SN23146463 Report a problem
8/10/2023	Listed for sale	$599,000$161/sqft
Source: CRMLS #SN23146463 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,081 +6.5%	$610,932 +2%
2024	$6,647 +132.2%	$599,000 +135.9%
2023	$2,863 +1.7%	$253,925 +2%
2022	$2,816 +1.9%	$248,967 +2%
2021	$2,764 +0.3%	$244,106 +1%
2020	$2,756 +1.8%	$241,614 +2%
2019	$2,707 +1.8%	$236,897 +2%
2018	$2,658 +0.9%	$232,272 +2%
2017	$2,636 +9.3%	$227,739 +2%
2016	$2,411 +2.4%	$223,294 +1.5%
2015	$2,354	$219,956 +2%
2014	$2,354	$215,668 +0.5%
2013	--	$214,699 +2%
2012	--	$210,509 +2%
2011	--	$206,402 +0.7%
2010	--	$204,868 -0.2%
2009	--	$205,353 +2%
2008	--	$201,347 +2%
2007	--	$197,420 +2%
2006	--	$193,570 +2%
2005	--	$189,795 +2%
2004	--	$186,094 +1.9%
2003	--	$182,703 +2%
2002	--	$179,142 +2.6%
2001	--	$174,650