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Listing 13 out of 167
$329,000 Active Under Contract

381 E 5th Avenue
Chico, CA 95926

3 units | Multi Family Home
7841 sq ft lot - MLS# SN18002356
Property Photo


OPPORTUNITY! OPPORTUNITY! OPPORTUNITY! Triplex with excellent East Avenue location on all city services, private and tucked in off the street, and close to CSUC, Enloe Hospital, and downtown. The triplex consists of two 2bd/1 ba units and a 1 bd/1 ba cottage. The two 2 bedroom/1 bath units have indoor laundry, walk-in closets, and private fenced patio-size backyards. Desirable location close to everything. Property is being sold as is and is priced accordingly. Cash offers and/or private financing. Possibility of partial seller financing. Photos are of units #1 an#3 only. Unit #2 is more updated than #3 and same floorpan. Unit #2 is now vacant and ready for new owner to live in and rent out the rest, or to rent out at a new/higher rent (log-term tenant just vacated so rent was low). Square footage 0f 2024 s.f. taken from appraisal. County records state 1772 s.f. Buyer to investigate/verify to their satisfaction. Past inspections reports (Stone Ridge Termite & Pest 4/13/17 and Baird Roofing 5/18/16) in Supplemental Docs.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active Under Contract
  • County/Area: Butte County
  • Zip Code: 95926
  • Year Built: 1948
  • Stories: One
  • Units: 3 units
  • # of Parking Spaces: 6.00
  • Accessibility: 2+ Access Exits,Entry Slope Less Than 1 Foot,No Interior Steps,Parking
  • Acres: 7841 sq ft lot
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2024.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Street Lighting, Suburban
  • Cooling: Wall Window, Yes
  • Country: US
  • Directions: On alley that runs between E. 5th & E. 4th Ave. on the block between Spruce & Laburnum. Entering the alley off of E. 4th is easier due to less, and slower, traffic
  • Foundation Details: Slab
  • Gross Income: 28680.00
  • Gross Scheduled Income: 28680.00
  • Heating: Wall Heater, Yes
  • Insurance Expense: 729.00
  • Laundry: Yes
  • Laundry Features: Inside
  • Listing Agent License: 1165500
  • Listing Office License: 01912741
  • Lot Features: Back Yard, Front Yard, Lawn, Lot-Level/Flat, Near Public Transit
  • Lot Size Units: Acres
  • MLS: CRM
  • Net Operating Income: 22416.00
  • New Taxes Expense: 3516.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Wall AC: 3
  • Number With Carpet: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 6264.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Roof: Composition
  • Room Type: All Bedrooms Down
  • Stories Total: 1
  • Total Actual Rent: 2390.00
  • Total Expenses: 6264.00
  • Trash Expense: 617.00
  • Utilities: Sewer Connected
  • Water Sewer Expense: 1402.00
  • Water Source: Public
Courtesy of Century 21 Jeffries-Lydon, Annie Foster

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Vickie Miller
Chico, CA 95926

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