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Sold on 10/20/2022
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1227 Esplanade, Chico, CA 95926

$2,950,000

Last sold 10/20/2022 after 189 Days

  • —

    bed

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    bath

Multi-family not for sale

About 1227 Esplanade

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 0.41 Acre
Rental estimate
Property description
William Tell Apartments, a 17 unit courtyard style multifamily community located in the heart of Chico. The William Tell is located just blocks from one of the largest employers in Chico, Enloe Medical Center. It’s conveniently located within walking distance to downtown Chico as well as Chico State University. William Tell is a courtyard style apartment building. This means residents benefit from the privacy and security of a double entry system. Each unit has a private covered and gated parking space with additional outdoor storage. This apartments offer a mix of unit types including three bedroom units, two bedroom units, on bedrooms, and a remodeled studio apartment. The new owner of William Tell will enjoy significant upside and forced appreciation as rents are currently below market and have much room to rise. Do not delay, properties that this don’t come available very often. Please contact selling agent for financials and offering memorandum.
Listed by
Listing Agent - Brent Silberbauer
Listing Office - eXp Realty of California, Inc.
Source: CRMLS mls logo
MLS#SN22088263 • last updated 4 years ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.41
Lot Size (SqFt) 17860
Year Built 1964
Condition Turnkey
Interior
Laundry Community
Exterior
Building Area Square Feet, 14518
Parking Built-In Storage, Carport, Covered, Gated, Parking Space
# Carport Spaces 17
# Parking Spaces 17
Lot Description Level
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
View Courtyard
County Butte
Community Features Suburban
Zoning RP
Directions From First Ave Go Northwest On Esplanade. Apartment Building Between 2nd And 3rd Ave
APN 3064005000
Multifamily Details
Vacancy Allowance Rate 2
Expense: Trash 2280
Laundry Income 2100
Operating Expense 89674
Cap Rate 4.42
Expense: Insurance 8586
Total Expenses 89674
Expense: Maintenance 6500
Expense: Water/ Sewer 8400
Gross Income 231008
Expense: Electric 7800
Gross Scheduled Income 233580
Expense: Gardener 2280
Lot/ Land Details
Average Studio Area 585
Rental est.: $820/month
Gross rent multiplier: 299.9
  • Oct 2022
    mls logo MLS # SN22088263
  • Oct 20, 2022 Sold
    $2,950,000 (-1.7%)
  • Aug 11, 2022 Pending
    —
  • Jul 22, 2022 Price Change
    $3,000,000 (-6.3%)
  • Jul 9, 2022 Listed
    —
  • Jun 1, 2022 Pending
    —
  • Apr 14, 2022 Listed
    $3,200,000
  • Year Property taxes Tax assessment
  • 2024
    $33,549 +1.2%
    $3,034,340
  • 2023
    $33,156 +19.3%
    $3,034,340 +1.99%
  • 2022
    $27,793 +1.9%
    $2,975,000 +22.18%
  • 2021
    $27,271 +57.9%
    $2,434,884
  • 2020
    $17,276
    $2,434,884
  • 1227 Esplanade
    $2.95M
  • The Avenues
    $380K -11% y/y
  • 95926
    $419K +4% y/y
  • Chico
    $480K -1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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