494 E 5th Street Chico, CA $ 1,395,000
494 E 5th Street
$ 1,395,000
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494 E 5th Street

Chico, CA, 95928
$ 1,395,000
Bedrooms7 Baths6.0 Sq 4,025

Monthly Estimate*

$ 9,272

Listed by Ryno Company
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Multi-Family Home for sale in Chico, CA

for $1,395,000 with 7 bedrooms and 6 full baths. This 4,025 square foot home was built in 1900 on a lot size of 0.2.

Welcome to 494 E. 5th Street, a unique and meticulously renovated historic property comprising a stunning period styled triplex and two additional detached dwelling units, totaling five units altogether. The main house is one of very few OCTAGONAL built homes ever constructed. During the recent period-appropriate renovation no expense were spared. The upgrades include brand-new roofs, electrical and plumbing systems, energy-efficient mini splits with heat pumps, elegant granite counters, custom doors and windows, modern appliance packages, a charming porch, and an inviting overhang – all enhancing the property's allure. Units have indoor laundry. This exceptional property boasts a prime location, situated right on the edge of the renowned GOLDEN TRIANGLE – Chico's most sought-after downtown residential area. The Golden Triangle is synonymous with luxurious living and offers unparalleled convenience to tenants. Residents can easily walk to a myriad of dining options, shopping destinations, and vibrant nightlife downtown. Additionally, Bidwell Park beckons with its recreational activities like biking, walking, and swimming, providing an ideal escape into nature. Seller may finance, terms negotiable. Upstairs has potential for development of additional units, buyer to investigate.

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Multi-Family Active

Price

$ 1,395,000

Bedrooms

7

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

Victorian

Lot Size

0.2

Year Built

1900

Town/City

Chico

County/Region

Butte

MLS | Web ID

SN24027906

Days on Market

118

Features
General
Interior Features BuiltinFeatures CeilingFans GraniteCounters HighCeilings LaminateCounters PanelingWainscoting RecessedLighting Storage AllBedroomsDown BedroomonMainLevel GalleyKitchen MainLevelPrimary PrimarySuite
Sewer PublicSewer
Heating HeatPump
Cooling Electric HighEfficiency Zoned
Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected
Roof Composition
Appliances Dishwasher ENERGYSTARQualifiedAppliances FreeStandingRange Disposal GasOven GasRange HighEfficiencyWaterHeater Microwave Refrigerator RangeHood SelfCleaningOven VentedExhaustFan WaterHeater
Exterior Features Awnings Lighting RainGutters
Zoning CITY
HOA 0.0
Garage Spaces 0.0
Architectural Style Victorian
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1900
Electric Item220VoltsinLaundry
View Neighborhood
Stories 1
Levels One
Property SubType Triplex
Gross Income 105060.0
Community Features Curbs Gutters StormDrains StreetLights Sidewalks
County Butte
Net Operating Income 68410.0
Operating Expense 34549.0
Insurance Expense 2500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Energy Efficient Appliances
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions From CA-32 W. turn right onto Cypress St turn left at the 3rd cross street onto E. 5th St. Home is on the right.
City Chico
Entry Location 5th Street
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 3.0
NumberOfUnitsTotal 5
Lot Size Units SquareFeet
Lot Size Square Feet 8712.0
Private Pool N
Waterfront Y/N N
Carport Spaces 0.0
Carport Y/N N
Number of Units Leased 4
Street Name 5th
Listing Terms Cash CashtoExistingLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Trash Expense 1200.0
Water Sewer Expense 2500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=LRoou3o9Nh1
Days on Market 30
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 8
Total Actual Rent 8755.0
Property Sub Type Additional Triplex
Cap Rate 4.9
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Interior
Flooring Laminate Vinyl
Fireplace Features None
Total Stories 1
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features CasementWindows Screens WoodFrames
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup Inside LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing None
Parking Features DrivewayLevel Driveway Gravel OnSite OnStreet
Lot Features CornerLot FrontYard Landscaped NearPublicTransit RectangularLot SlopedUp Yard
Water Source Public
Total Parking 3.0
Lot Size Area 8712.0
Foundation Details Raised
Number of Buildings 3
Spa N
Building Area Total 4025.0
Lot Size Acres 0.2
Lot Size Source Assessor
Number of Separate Water Meters 3
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 494
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* Excluded Features
List By
Ryno Company

Broker

(530) 343-2959

Phone

Affordability Calculator

$9,272
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,272
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/9/2024$1,395,000 Listed Price

Map


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494 E 5th Street, Chico, CA, 95928 is a Multi-Family Home for sale at $1,395,000 with 4,025 sqft and a lot size of 0.2. 494 E 5th Street has 7 bedrooms, 6.0 baths, and was built in 1900. The property's zip code is 95928 which is in Chico, CA