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186 E Shasta Ave, Chico, CA 95973
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186 E Shasta Ave Chico, CA 95973

$4,950,000 Sold Price as of 03/29/2023
  • 56 Beds
  • 28 Baths
  • 24,640 Sq.Ft.
Sold
$4,950,000 Sold Price as of 03/29/2023 Refinance Your Mortgage
Map preview of 186 E Shasta Ave, Chico, CA 95973

Property Overview: 186 E Shasta Ave Chico, CA has 56 bedrooms, 28 bathrooms, 24,640 living square feet and 64,904 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Steve Depa | BRE #00813533 | Re/Max of Chico
Last checked: 10 minutes ago | Last updated: March 29th, 2023 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
64,904
HOA Dues
$0/mo
Year built
1978
Garage
28 Car
Property Type:
Apartment
Status
Sold
MLS#
SN23013609
City
Chico
County
Butte
Time on Site
444 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 14
  • # of Electric Meters: 30
  • # of Gas Meters: 30
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,064
  • Total Rent: $25,555
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $53,820
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $74,400
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,590
  • Total Rent: $38,160
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,113
  • Total Rent: $13,358
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,160
  • Total Rent: $13,926
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,161
  • Total Rent: $13,939
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,259
  • Total Rent: $15,110
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 9
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,270
  • Total Rent: $30,492
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,324
  • Total Rent: $15,899
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 11
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,430
  • Total Rent: $154,440
  • Pro Forma/Market Rent: $1,590
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,119
  • Total Rent: $13,431
  • Pro Forma/Market Rent: $1,590
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $482,335
  • Net Operating Income: $310,383
  • Gross Operating Income: --
  • Other Income 1: $16,800
  • Other Income 2: $3,000
  • Other Income Description: RUBS & Pet Rent
Annual Expense Breakdown
  • Total Operating Expense: $171,952
  • Electric: $331
  • Gas/Fuel: $0
  • New Taxes: $59,600
  • Trash: $8,413
  • Gardener: $8,388
  • Insurance: $9,207
  • Maintenance: $53,592
  • Professional Management: $22,506
  • Water/Sewer: $7,385

Property Details for 186 E Shasta Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 28
  • # of Parking Spaces: 28
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 28
  • Parcel Number: 006380002000
  • Year Built Source: Assessor
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Conventional Septic
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Take Esplande, turn onto E. Shasta
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Chico Agent

Sale History for 186 E Shasta Ave

Last sold for $4,950,000 on March 29th, 2023

  • March, 2023

  • Mar 29, 2023

    Date

    Sold

    CRMLS: SN23013609

    $4,950,000

    Price

  • Feb 3, 2023

    Date

    Active

    CRMLS: SN23013609

    $5,295,000

    Price

  • August, 2021

  • Aug 16, 2021

    Date

    Hold

    CRMLS: SN21146401

    $5,595,000

    Price

  • Jul 6, 2021

    Date

    Active

    CRMLS: SN21146401

    $5,595,000

    Price

  • Listing provided courtesy of CRMLS

    New financing or assume existing loan...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.

  • January, 2019

  • Jan 14, 2019

    Date

    Sold

    CRMLS: SN18228896

    $3,125,000

    Price

  • Nov 19, 2018

    Date

    Pending

    CRMLS: SN18228896

    $3,495,000

    Price

  • Oct 25, 2018

    Date

    Price Change

    CRMLS: SN18228896

    $3,495,000

    Price

  • Oct 22, 2018

    Date

    Price Change

    CRMLS: SN18228896

    $3,595,000

    Price

  • Sep 19, 2018

    Date

    Active

    CRMLS: SN18228896

    $3,710,000

    Price

  • Listing provided courtesy of CRMLS

    Shasta East is a duplex community consisting of 2 bedroom 1 bath units. Each unit has individual indoor laundry, an over sized one car garage and a spacious fenced yard. These units enjoy near 100% occupancy with many long term tenants. Current owners have been upgrading units on a turnover basis. Property offers significant upside by moving rents to market as well as the ability to add amenities to the under utilized areas of the property.

  • January, 2019

  • Jan 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,125,000

    Price

  • October, 2007

  • Oct 5, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,727,500

    Price

Show More

Tax History for 186 E Shasta Ave

Assessed Value (2020): $1,593,610
Year Land Value Improved Value Assessed Value
2020 $459,000 $1,134,610 $1,593,610

Home Value Compared to the Market

This property vs the competition

186 E Shasta Ave sold on March 29, 2023 for 1014.74% higher than the current median sold price for the city of Chico which is $475,000. The median sold price per/sqft for Chico is $293 and this home is sold at $214.89 per/sqft which puts the price per square foot 26.66% lower than the current median sale per square foot for the city of Chico.

About 186 E Shasta Ave

Detailed summary of property

186 E Shasta Ave is a apartment that recently sold in Chico, CA 95973. This apartment offered 56 bedrooms, 28 bathrooms, roughly 24,640 living square feet, and sits on an approximately 64,904 square foot lot. 186 E Shasta Ave was first listed on ArdentRealEstateGroup.com on February 3, 2023. The homeowner sold the property for $4,950,000. Home in Chico are selling for a median price of $475,000 and a median price per square foot of $293. Based on Ardent Real Estate Group's Chico Market Data, this home is sold 1014.74% higher than the current median priced home. Local homes that are currently for sale include 1908 Hillcrest Rd, 11254 Mississippi Ave and 2016 N Vista Del Mar Ave. While the average home in Chico, CA is selling in 61 days, 186 E Shasta Ave has a days on market of 3 days. There are currently 257 homes for sale in the Chico real estate market and 233 of them are single family homes while 24 of them are condos and 0 are townhomes. For more information on this home for sale at 186 E Shasta Ave Chico, CA 95973 contact Ardent Real Estate Group and we will put you in touch with one of our Chico agents.

Public Facts for 186 E Shasta Ave

Public county record property details
Beds
2
Baths
1
Year built
1978
Sq. Ft.
12,320
Lot Size
64,904
Stories
1
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Butte
Lot#
--
APN
006-380-002-000

The source for these homes facts are from public records.

95973 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$306
Median Sold Price
$475,000
Median Sold Price/Sq.Ft.
$299
Total Inventory
101
Median Sale to List Price %
91.02%
Avg Days on Market
33
Loan Type
Conventional (45%), FHA (10%), VA (5%), Cash (30%), Other (10%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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