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Sold on 09/14/2022
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1311 Locust St, Chico, CA 95928

$865,000

Last sold 09/14/2022 after 47 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 1311 Locust St

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Lot size 8,712 Sqft
Rental estimate
Property description
Here is a hard to find apartment complex in Chico, made up of 8 Studio Apartments. Most of the units have been renovated over the recent years with new vinyl flooring, new light and plumbing fixtures, newer split unit heat and cool wall units, and newer exterior paint with fresh decorative shake siding. The roof is around 10 years old and is in good condition. The roof over laundry is only 2 years old. All windows were replaced with vinyl dual pane. Laundry on site. Great source of income and a great opportunity for an investor!
Listed by
Listing Agent - MaryAnn Scott
Listing Office - Coldwell Banker C&C Properties
Source: CRMLS mls logo
MLS#SN22166940 • last updated 4 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.2
Lot Size (SqFt) 8712
Year Built 1980
Condition Turnkey
Interior
Laundry Individual Room
Other Room(s) Laundry
Window Features Double Pane Windows
Exterior
Construction Stucco
Building Area Square Feet, 2856
Roof Composition
Parking Paved, Parking Space
Lot Description Paved
Amenities / Utilities
Fireplaces Kitchen
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
County Butte
Community Features Curbs, Gutters
Zoning R-2
Directions One Street East Of Park Ave, Near 13th Cross Street.
APN 5174016000
Multifamily Details
Vacancy Allowance Rate 2
Expense: Trash 1500
Laundry Income 100
Operating Expense 25275
Expense: Insurance 2200
Total Expenses 25275
Expense: Maintenance 1000
Expense: Water/ Sewer 3300
Gross Income 78300
Gross Operating Income 76734
Expense: Electric 3000
Gross Scheduled Income 78300
Expense: Gardener 2400
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Average Studio Area 357
Rental est.: $662/month
Gross rent multiplier: 108.9
  • Sep 2022
    Public Records
  • Sep 14, 2022 Sold
    $865,000
  • Sep 2022
    mls logo MLS # SN22166940
  • Sep 14, 2022 Sold
    $865,000 (-8.9%)
  • Aug 12, 2022 Pending
    —
  • Jul 29, 2022 Listed
    $950,000 (+107.0%)
  • Dec 2013
    mls logo MLS # CH13201351
  • Dec 2, 2013 Sold
    $459,000
  • Oct 1, 2013 Listed
    $459,000
  • Nov 2013
    Public Records
  • Nov 26, 2013 Sold
    $459,000
  • Year Property taxes Tax assessment
  • 2024
    $9,795 +1.2%
    $899,865 +4.03%
  • 2023
    $9,680 +62.0%
    $865,000 +63.24%
  • 2022
    $5,976 +2.0%
    $529,901 +1.99%
  • 2021
    $5,861 +0.2%
    $519,551 +1.03%
  • 2020
    $5,847
    $514,245
  • 1311 Locust St
    $865K
  • Southwest Chico
    $410K -2% y/y
  • 95928
    $469K -3% y/y
  • Chico
    $480K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Chapman Elementary School
public Grades K-5
Chico Unified School District
8/10
Chico High School
public Grades 9-12
Chico Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. 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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