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Sold for $4,950,000 on 03/29/23
  • Listing Provided by: 

    Steve Depa DRE #00813533 530-514-6288,

    Re/Max of Chico

    $4,950,000

    186 E Shasta Ave, Chico, CA 95973

    --beds
    --baths
    24,640sqft
    Multi Family
    Built in 1978
    -- sqft lot
    $3,599,300 Zestimate®
    $201/sqft
    $1,896 Estimated rent

    What's special

    Shasta East is a duplex community consisting of (28) 2 bedroom 1 bath units. Each unit has indoor laundry, and an oversized one car garage along with a private & spacious yard. These units enjoy near 100% occupancy with many long term tenants. Current owners have been upgrading units, as they turn over. Property offers significant upside, by improving rents to meet local market value, as well as the ability to add/build out amenities to the underutilized portions of the property. Purchase also includes 194 E Shasta Ave.

    Zillow last checked: 7 hours ago

    Listing updated: March 29, 2023 at 11:29am

    Listing Provided by:

    Steve Depa DRE #00813533 530-514-6288,

    Re/Max of Chico

    Bought with:

    Emmett Jacobi, DRE #01896904

    Century 21 Select Real Estate, Inc.

    Source: CRMLS,MLS#: SN23013609MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Inside
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 24,640
    • Total interior livable area: 24,640 sqft

    Property

    Parking
    • Total spaces: 28
    • Parking features: Garage
    • Garage spaces: 28
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Lot
    • Size: 1.49 Acres
    • Features: Back Yard
    Details
    • Additional parcels included: 006380003
    • Parcel number: 006380002000
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Chico

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange
    Services availability