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1101 E Lassen Ave

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Unique property on a huge lot in north Chico! Perfect for multiple families or great as an income producing investment property, including 3 structures with a total of 4 units and 2 garages. Directly off Lassen sits the well maintained duplex with 2 bedroom, 1 bath units on each side. The street unit includes a 1 car garage, spacious family room and fireplace. Both duplex units have tasteful updates, fully fenced yards, separate meters, separate laundry and all appliances included. A private gate separates the duplex from the rest of the property, which also includes 2 additional homes, detached 3 car garage with a new roof, fruit producing trees and storage shed. The first home is a special 1900+ sqft triple wide mobile that was lovingly renovated with much of the original 60’s flare preserved including a very swanky bar. Other renovations include a bright and cheery sun room, working well on the property, many newer dual pane windows, new HVAC and new flooring throughout. Also included on the property is a bright and open concept 3 bedroom 2 bath 2007 mobile home with vaulted ceilings, breakfast bar, extra large master bath tub, plenty of parking and privacy. There are so many options for what you can do with this income producing property on almost an acre. Conveniently located close to schools and shopping you won’t want to miss this one!
Directions: Cross streets: Cohasset
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             Address: 1101 E Lassen Ave Asking Price: $799,000
Lot #: Year Built: 1964
City: Chico Total Units: 4
State: California Total Bldg: 3
Zip: 95973 Floors: One
County: Butte Beds/Baths: 9 / 6
City or County Apx SqFt: 5,076
APN #: 007-170-021-000 Acres:
.79
Seller
Additional Parcels: No Price/Unit: $199,750
Complex/Subdiv Price/Bed: $88,777.78
Builder: Price/SqFt: $157.41
Type: Income Property HOA names:
Status: Active HOA Dues:
Sale Type: Standard HOA Dues 2:
Zoning: R3 Rent Control: No
Senior Commu: No Laundry Equip:
Annual GSI: $59,328 Annual OE: $7,700
Monthly GSI: $24,480 OE: $7,700
GOI: $ Gas: $
NOI: $51,628 Electric: $
Gr Spendable: $ Water/Sewer: $
Garage Income: $ Trash: $1,200
Laundry Income: $ Pool: $
Other Income 1: $ Insurance: $2,700
Other Income 2: $ Licenses: $
Other Inc. Desc: Manager: $
Gross Multiplier: 0 Prof. Mgmt: $
Cap Rate: 0 Maintenance: $
Vacancy Allow: $ Gardener: $
Land Value: $ Workman's Comp: $
Improvements: $ Furniture Rplcmt: $
Personal Prop: $ Pest Control: $
Have: Supplies: $
Gross Equity: $ Cable TV: $
Present Loans: $ New Taxes: $3,800
Ann. Loan Pymt: $ Other Expense: $
On Market:
1/11/2019
Original Price: $799,000
Days On Market:
72 days
Listing History
Price Change: $
Current Price: $799,000
Get Your Gift: $1,998
Great Service and a Gift
Feel free to ask for more information, showings, or an objective opinion of value for any property. I have decades of experience selling income property here in Chico and my team and I are ready to work for you!

If you ask me to be your realtor, and you eventually purchase this property through me, I'll share $1,998 of my commission from the seller with you. I offer an incentive for buying almost any property you see here on my website with me as your realtor.

As your realtor, I will work with you to help you find the right property, guide you through the entire buying process, and be there for you after the sale. Getting some of my commission to help reduce your closing costs is just a nice bonus. Take a look at our testimonials and then let us go to work to make you that happy!

Susie Stephens
Owner, Broker, Realtor
Chico Real Estate, Inc.
1250 East Ave. Chico, Ca
530-898-1250
Contact us
Units Description
Type 1
# Units: 1 Actual Rent: $1,050
# Beds: 2 Total Rent: $1,050
# Baths: 1 Pro Forma: $1,155
Furnished: Unfurnished Garage Spaces:
1
Attached
Apx SqFt: Type: 1
Description:
Type 2
# Units: 1 Actual Rent: $990
# Beds: 2 Total Rent: $990
# Baths: 1 Pro Forma: $1,089
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 2
Description:
Type 3
# Units: 1 Actual Rent: $
# Beds: 2 Total Rent: $
# Baths: 2 Pro Forma: $1,500
Furnished: Unfurnished Garage Spaces:
3
Apx SqFt: Type: 3
Description:
Type 4
# Units: 1 Actual Rent: $
# Beds: 3 Total Rent: $
# Baths: 2 Pro Forma: $1,200
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 4
Description:
Number of Units With Approx Unit Sizes Unit Totals
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 4
# of Units Leased: 2
Total Actual Rent: $2,040
Utilities and Interior
Utilities/Electric Sewer Water

- Conventional Septic
Interior Heating Cooling
- Bar
- Cathedral-Vaulted Ceilings
- Ceiling Fan
- Formica Counters
- Laminate Counters
- Pantry
- Central Furnace
- Wall Heater
- Central
- Wall Window
Flooring Rooms Appliances
- Carpet
- Laminate
- Wood
- Bonus Room
- Family Room
- Kitchen
- Laundry
- Living Room
- Master Bathroom
- Master Bedroom
- Separate Family Room
- Electric Oven
- Electric Range
- Electric Stove
- Garbage Disposal
- Microwave
- Refrigerator
Door Window Accessibility Features
- 2+ Access Exits
- Parking
Laundry Fireplace Security
- Area
- Individual Room
- Inside
- Family Room
Exterior
Construction Foundation Roofing
- Composition
Style Exterior Condition
- Rain Gutters
Road Features Attached Structure Other Structures
- City Street
- Yes
- Shed(s)
Garage/Parking Common Walls Fencing
- Boat
- Carport
- Covered Parking
- Driveway
- Garage
- RV Access/Parking
- RV Potential

Garage Spaces: 4
Carport Spaces: 1
- 1 Common Wall
- Average Condition
Lot Pool Spa
- 2-5 Units/Acre
- Lot Shape-Rectangular
- None
Community Assoc. Amenities View
- Storm Drains
- Street Lighting
- Neighborhood
Financial
Disclosures Terms Possession
- CC And R's
- Cash
- Owner May Carry
- Close Of Escrow
Assessments Tenant Pays Land Lease
- Unknown
- Electricity
Tax Info Price Excludes Price Includes

 
- All hutches
- antique stove from triple wide
- chandelier
- hanging light in breezeway
- stove in detached sunroom and freezer in duplex garage.
- Refrigerators
- stoves
- washer and dryers from all units except triple wide home.
Green
Water Conservation Energy Generation Energy Efficient
Neighborhoods, Parks and Areas
-
Listing History The current listing's status, price, and update history
Update Old Value New Value Price Change Date Time
List Date 1/11/2019
On Market Date 1/11/2019
Remarks 3/13/2019 1:56 PM
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1101 E LASSEN AVE, Chico, Ca

Information provided to the MLS courtesy of Foster, Jayme (Bre#: 02002903) of City Of Trees Realty And Korber, Natalie (Bre#: 02062560) Of Becky Prater Real Estate.

Please verify all information before relying on it. There may be a difference between actual and provided information. Based on information from California Regional Multiple Listing Service, Inc. as of March 13, 2019.
1101 E Lassen Ave, Chico, California, 95973, was last changed by the listing agent and consequently updated here on: March 14, 2019. All Chico income property for sale and MLS data were last updated here on chicorealestate.net on: March 26, 2019 11:43 AM.