1007 Buschmann Rd Paradise, CA 95969

• July, 2024

• Jul 9, 2024

  Date

  Expired

  CRMLS: SN24030705

  $2,700,000

  Price

• Feb 14, 2024

  Date

  Active

  CRMLS: SN24030705

  $2,700,000

  Price

• Listing provided courtesy of CRMLS

  What a fantastic investment opportunity with additional value add development. Located in the heart of Lower Paradise, there are 10 fully rented, ADA compliant turn key 2 bedroom, 2 bathroom units on the property, the first investment step is already done! The owners have taken on most of the planning and preparation, having full architectural plans completed by Nichols, Melburg & Rossetto Architects & Engineers. With build-ready plans available and ready to submit to the town, you can generate rental income while you renovate and revitalize the main building on the property. The proposed plans consist of 43 additional units; 15 one bedroom, one bathroom units and 28 studios units. The property consists of two parcels both zoned multi-family. The main parcel with the structures, is 6.13 acres, and the neighboring parcel is an additional 2.87 acres totaling 9 acres. This property is served by a new clustered wastewater treatment system. According to zoning requirements, this facility should have the potential to be permitted at a density of 15 units per acre, offering the potential to add significantly more units! With a vision and legwork, this is your opportunity to invest in the future of Paradise!

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• August, 2022

• Aug 2, 2022

  Date

  Expired

  CRMLS: SN22143288

  $3,300,000

  Price

• Jul 1, 2022

  Date

  Active

  CRMLS: SN22143288

  $3,300,000

  Price

• Listing provided courtesy of CRMLS

  Unique opportunity to acquire 9 multi-family zoned acres in the heart of Paradise. There are 5 duplexes that are ADA compliant, with single car garages and already generating cash flow. Each of these 10 duplex units are 2-bedroom 2-bathroom with stackable washer/dryer units in the hall bath and each unit has central heat and air, dishwasher, refrigerator and a covered back porch. In addition to the duplexes there is an existing 2-story 30,000 square foot building with permit ready plans for 43 additional rental units. Plans for renovating the existing building were completed by Nichols, Melberg and Rossetto (NMR) out of Chico and call for 15 1-bedroom and 28 studio style units. The 9-acre campus is comprised of two parcels, one which hosts the buildings is 6.13 acres, while the second parcel, void of any structures, is 2.87 acres. 17.17.100 allows for a max density of 10 dwelling units/acre whereas 17.17.400 allows for 15 dwelling units per gross acre, for sites that are serviced by an approved clustered wastewater treatment and disposal system – of which there is a brand-new system on site. One could potentially be allowed 135 units (9-acres x 15 units). Once the build out is complete for the 43 units, plus the existing 10 duplex units the total unit count will be 53 units leaving a potential for an additional 82 dwelling units. The campuses neighborhood boundaries are roughly bordered by Clark Road/Durham Pentz Hwy to the east, Skyway to the west, Honey Run and Pearson Roads to the north and the Golden State Hwy (CA-99) and State Route (SR-149) to the south. This site is located a stones throw to Paradise Ridge Elementary School, the community aquatic center and park. The Paradise combo Jr. High and High School is only 1.4 miles away while Butte Community College is a short 9 miles straight down Clark Rd and Chico State is 16 miles away. Do not miss out on this outstanding investment opportunity!

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• July, 2021

• Jul 1, 2021

  Date

  Expired

  CRMLS: SN20133362

  $1

  Price

• Aug 25, 2020

  Date

  Withdrawn

  CRMLS: SN20133362

  $1

  Price

• Aug 22, 2020

  Date

  Pending

  CRMLS: SN20133362

  $1

  Price

• Jul 11, 2020

  Date

  Active

  CRMLS: SN20133362

  $1

  Price

• Listing provided courtesy of CRMLS

  AUCTION! Unique opportunity to bid on, and acquire 5 duplexes (10 units) and a +/- 30,000 sq ft facility on 9 prime multi-family zoned acres! Each of the 10 duplex units are approx. 1,135 sq ft, two bedroom, two bathrooms and are full ADA compliant and come with stackable washer/dryer units that are located in the hall bathroom. The duplexes have small landscaped front yards, back porches and single car garages. Although the main entrance hall and east wing of the former Senior Care Facility known as Atria was destroyed in the 2018 Camp Fire the west wing is still standing and appears to have minimal damage. Pre fire the facility was 72,090 square feet. The property has been cleaned per CAL OES guidelines and signed off by the County of Butte. Most of the rooms consist of a small utility kitchen w/one main room, a private bathroom, and a closet. There are 40 studio style rooms, 4 one bedrooms and 8 single rooms w/dividers (no kitchenette). There are several bathrooms, storage rooms, mechanical rooms, and other type rooms throughout the facility. The middle area of the downstairs is gutted to the metal framing allowing visibility of all the electrical conduit, ABS plumbing, fire suppression system, mechanical ducting, concrete slab and more. The 9-acre property is comprised of two parcels: APN # 054-050-099 which is 6.13 acres and APN # 054-050-051 which is 2.87 acres. This property is located adjacent to the community swimming pool, community park and elementary school.

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• September, 2020

• Sep 22, 2020

  Date

  Sold

  CRMLS: SN20133368

  $1,417,500

  Price

• Aug 22, 2020

  Date

  Pending

  CRMLS: SN20133368

  $1

  Price

• Jul 11, 2020

  Date

  Active

  CRMLS: SN20133368

  $1

  Price

• Listing provided courtesy of CRMLS

  AUCTION! Unique opportunity to bid on, and acquire 5 duplexes (10 units) and a +/- 30,000 sq ft facility on 9 prime multi-family zoned acres! Each of the 10 duplex units are approx. 1,135 sq ft, two bedroom, two bathrooms and are full ADA compliant and come with stackable washer/dryer units that are located in the hall bathroom. The duplexes have small landscaped front yards, back porches and single car garages. Although the main entrance hall and east wing of the former Senior Care Facility known as Atria was destroyed in the 2018 Camp Fire the west wing is still standing and appears to have minimal damage. Pre fire the facility was 72,090 square feet. The property has been cleaned per CAL OES guidelines and signed off by the County of Butte. Most of the rooms consist of a small utility kitchen w/one main room, a private bathroom, and a closet. There are 40 studio style rooms, 4 one bedrooms and 8 single rooms w/dividers (no kitchenette). There are several bathrooms, storage rooms, mechanical rooms, and other type rooms throughout the facility. The middle area of the downstairs is gutted to the metal framing allowing visibility of all the electrical conduit, ABS plumbing, fire suppression system, mechanical ducting, concrete slab and more. The 9-acre property is comprised of two parcels: APN # 054-050-099 which is 6.13 acres and APN # 054-050-051 which is 2.87 acres. This property is located adjacent to the community swimming pool, community park and elementary school.

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• August, 2013

• Aug 19, 2013

  Date

  Sold (Public Records)

  Public Records

  --

  Price

• November, 2004

• Nov 12, 2004

  Date

  Sold (Public Records)

  Public Records

  --

  Price

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