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Sold on 03/29/2023
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186 E Shasta Ave, Chico, CA 95973

$4,950,000

Last sold 03/29/2023 after 54 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 186 E Shasta Ave

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 1.49 Acre
Parking 28 garage spaces
Rental estimate
Property description
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
Listing Agent - Steve Depa
Listing Agent Contact: 530-514-6288
Listing Office - Re/Max of Chico
Source: CRMLS mls logo
MLS#SN23013609 • last updated 3 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 1.49
Lot Size (SqFt) 64904
Year Built 1978
Interior
Laundry Inside
Exterior
Building Area Square Feet, 24640
# Parking Spaces 28
# Garage Spaces 28
Lot Description Back Yard
Amenities / Utilities
Fireplaces None
Sewer/ Septic Conventional Septic
Water Source Public
Pool None
Location
County Butte
Community Features Sidewalks
Zoning R3
Directions Take Esplande, Turn Onto E. Shasta
APN 6380002000
Multifamily Details
Expense: Trash 8413
Operating Expense 171952
Expense: Insurance 9207
Total Expenses 171952
Expense: Maintenance 53592
Expense: Water/ Sewer 7385
Gross Income 38545
Expense: Electric 331
Gross Scheduled Income 482335
Expense: Gardener 8388
Rental est.: $1,355/month
Gross rent multiplier: 304.4
  • Mar 2023
    Public Records
  • Mar 29, 2023 Sold
    $2,625,000 (-47.0%)
  • Mar 2023
    mls logo MLS # SN23013609
  • Mar 29, 2023 Sold
    $4,950,000 (-6.5%)
  • Feb 7, 2023 Pending
    —
  • Feb 3, 2023 Listed
    $5,295,000 (-5.4%)
  • Jul 2021
    mls logo MLS # SN21146401
  • Jul 6, 2021 Listed
    $5,595,000 (+79.0%)
  • Jan 2019
    mls logo MLS # SN18228896
  • Jan 14, 2019 Sold
    $3,125,000
  • Jan 14, 2019 Sold
    $3,125,000
  • Nov 19, 2018 Pending
    —
  • Oct 25, 2018 Price Change
    $3,495,000 (-2.8%)
  • Oct 22, 2018 Price Change
    $3,595,000 (+2.9%)
  • Sep 19, 2018 Listed
    $3,495,000 (-5.8%)
  • Sep 19, 2018 Listed
    $3,710,000 (+114.8%)
  • Jan 2019
    Public Records
  • Jan 11, 2019 Sold
    $3,125,000 (-10.6%)
  • Oct 2007
    Public Records
  • Oct 5, 2007 Sold
    $1,727,500 (+15.2%)
  • Oct 2002
    Public Records
  • Oct 10, 2002 Sold
    $1,500,000
  • Year Property taxes Tax assessment
  • 2024
    $27,917 +49.4%
    $2,574,707 +1.99%
  • 2023
    $18,692 +1.6%
    $2,524,360 +53.73%
  • 2022
    $18,392 +1.9%
    $1,642,107 +1.99%
  • 2021
    $18,047 +0.3%
    $1,610,047
  • 2020
    $17,997
    $1,610,047
  • 186 E Shasta Ave
    $4.95M
  • Aspen Glen
    $379K +5% y/y
  • 95973
    $549K +2% y/y
  • Chico
    $480K -1% y/y
No chart available
Statistics calculated by Movoto

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6/10
Emma Wilson Elementary School
public Grades K-5
Chico Unified School District
6/10
Chico Junior High School
public Grades 6-8
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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