390 White Avenue Chico, CA 95926

$525,000 Pending

About the Property

Welcome to your next great investment! This centrally located four-unit property offers incredible income potential and peace of mind, even with a unit vacant. Each unit is approximately 900 sq. ft, featuring 2 bedrooms and 1 bathroom, and rents for approximately $1,150 per month. With rental income that can cover your mortgage even if one unit is unoccupied, this property is a smart additional to any portfolio! Unit 1 has been recently updated with laminate wood flooring in the kitchen, fresh interior paint, plush carpet, and an updated bathroom featuring a brand-new shower/tub. The other units also feature updates throughout. Beyond rental income, this property includes an on-site laundry room with coin-operated machines, providing an additional revenue stream. On-site parking is available for all tenants, offering added convenience. This property is connected to City Sewer, features a newer roof, and has a history of long-term tenants. Centrally located with easy freeway access, close to schools, shopping and local amenities, this property is a gem that offers both convenience and profitability. Whether you're a seasoned investor or looking to begin building your portfolio, this 4-plex offers a rare opportunity in the heart of Chico! Schedule your showing today and start earning!

Property Information

Size 3,484 SqFt
Price/SqFt $151
Lot Size 0.29 Acres
Year Built 1979
Property Type Residential Income
Zoning C2
Listing Number SN25015903
Listed 1/17/2025
Modified 1/25/2025
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico Area
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 3
# Water Meters
  • 4
Accessibility Features
  • None
Carport Spaces
  • 0.00
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 53280.00
Gross Operating Income
  • 53280.00
Gross Scheduled Income
  • 53280.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 46459.00
Operating Expense
  • 9696.00
Parking Total
  • 8.00
Pool
  • None
Price Pe rUnit
  • 131250
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 4600.00
Total Expenses
  • 9696.00
Uncovered Spaces
  • 8.00
Views
  • Neighborhood
Water Source
  • Public
Exterior
  • Lighting
  • Rain Gutters
Fencing
  • Chain Link
  • Partial
Flooring
  • Carpet
  • Laminate
Utilities
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Interior
  • Ceiling Fan(s)
  • Laminate Counters
  • Living Room Balcony
  • Storage
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lights
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Trash Collection
  • Water
Appliances
  • Electric Oven
  • Electric Range
  • Free-Standing Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Self Cleaning Oven
  • Water Heater