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Sold on 08/23/2019
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2805 Morseman Ave, Chico, CA 95973

$1,550,000

Last sold 08/23/2019 after 87 Days

  • 12

    bed

  • 8

    bath

House not for sale
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About 2805 Morseman Ave

Property type House
Year built 1985
HOA fee $0/month
Lot size 0.5 Acre
Property description
Sale includes both 2805 and 2811 Morseman Avenue two separate parcel numbers (007-200-009 & 007-200-008). This sale is subject to 1031 Tax deferred exchange, seller is currently in escrow with replacement property. Extremely well-maintained 10 units, all 3 bedroom 2 bath, inside laundry, back yards and 1 car garages. Superb investment in todays market providing a 6.3% Cap Rate at list price. All units are on month-to-month leases except one. Each parcel has 2 duplexes and one single detached unit, totalin
Listed by
Listing Agent - Ken
Listing Office - Keller Williams Realty Chico Area
Source: San Diego MLS mls logo
MLS#SN19124095 • last updated 6 years ago
Movoto checked San Diego MLS for data 3 minutes ago
Overview
Cooling/AC Central Forced Air
Levels/Style 2 Story
Status SOLD
SubType Res Income 2-4 Units
MLS # SN19124095
Lot Size (SqFt) 21780
Year Built 1985
Exterior
Roof Composition
Lot Desc Sidewalks
Amenities / Utilities
Water Source Meter On Property
Pool Desc N/K
Location
County Butte
APN 7200009000
Zoning R3
Directions Lassen To Morseman
Multifamily Details
Total # of Units 10
Gross Scheduled Income 150240
  • Jan 2020
    Public Records
  • Jan 30, 2020 Sold
    $1,550,000
  • Aug 2019
    mls logo MLS # SN19124095
  • Aug 25, 2019 Sold
    $1,550,000
  • Aug 23, 2019 Sold
    $1,550,000 (-2.8%)
  • Aug 13, 2019 Pending
    —
  • Jul 25, 2019 Listed
    $1,595,000 (-5.9%)
  • Jul 23, 2019 Pending
    —
  • Jul 17, 2019 Price Change
    $1,695,000 (+6.3%)
  • Jul 12, 2019 Listed
    —
  • May 30, 2019 Pending
    —
  • May 28, 2019 Listed
    $1,595,000 (-8.9%)
  • May 28, 2019 Listed
    $1,750,000 (+40.0%)
  • Oct 2015
    Public Records
  • Oct 23, 2015 Sold
    $1,250,000
  • Oct 2015
    mls logo MLS # CH15101118
  • Oct 23, 2015 Sold
    $1,250,000 (-7.4%)
  • Apr 20, 2015 Listed
    $1,350,000
  • Year Property taxes Tax assessment
  • 2024
    $9,189 +1.2%
    $847,337 +1.99%
  • 2023
    $9,081 +1.6%
    $830,773 +1.99%
  • 2022
    $8,937 +1.9%
    $814,533 +4.03%
  • 2021
    $8,769 +0.3%
    $783,003
  • 2020
    $8,745
    $783,003
  • 2805 Morseman Ave
    $1.55M
  • —
  • 95973
    $559K +1% y/y
  • Chico
    $499K +3% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
2875 Morseman Ave #105, Chico, CA 95973 $84,000 2/2 1,200 0.03
2875 Morseman Ave #103, Chico, CA 95973 $159,000 2/2 960 0.03
2875 Morseman Ave #101, Chico, CA 95973 $72,000 —/— — 0.03
2875 Morseman Ave #104, Chico, CA 95973 $80,000 2/2 1,056 0.05
2875 Morseman Ave #102, Chico, CA 95973 $89,000 2/2 — 0.05
2875 Morseman Ave #111, Chico, CA 95973 $145,000 2/2 800 0.05
701 E Lassen Ave #306, Chico, CA 95973 $102,000 2/2 1,440 0.05
701 E Lassen Ave #305, Chico, CA 95973 $124,000 —/— — 0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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5/10
Mcmanus (John A.) Elementary School
public Grades K-5
Chico Unified School District
7/10
Bidwell Junior High School
public Grades 6-8
Chico Unified School District
8/10
Pleasant Valley High School
public Grades 9-12
Chico Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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