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Sold on 12/19/2023
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328 W 4th Ave, Chico, CA 95926

$950,000

Last sold 12/19/2023 after 48 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 328 W 4th Ave

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Lot size 8,712 Sqft
Rental estimate
Property description
Rare opportunity to purchase a conforming 10-plex of studio units. Seller has owned and personally managed/maintained for the last 35 years. 12 paved off street parking spots, behind the building w/alley access. Convenient location in the Avenues, near Enloe Hospital and Citrus Elementary School. Fully leased with month to month leases. Tenants have been there from 6 months to 10 years, so current rents are on the low side. Energy retrofit inspection has been done and certificate will be provided. On site coin operated laundry (leased machines).
Listed by
Listing Agent - Debbie Maderos
Listing Office - Parkway Real Estate Co.
Source: CRMLS mls logo
MLS#SN23201814 • last updated 2 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.2
Lot Size (SqFt) 8712
Year Built 1980
Condition Repairs Cosmetic
Interior
Other Room(s) Laundry
Appliances Electric Range, Disposal, Water Heater Central
Interior Features Formica Counters, Recessed Lighting, Unfurnished
Exterior
Construction Stucco
Building Area Square Feet, 3359
Roof Composition
Parking Asphalt, Off Street
# Uncovered Spaces 12
# Parking Spaces 12
Lot Description Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Inclusions 10xstoves, 10xwindow/wall Air/heat Combo Units, 10xrefrigerators
Pool None
Location
View Neighborhood
County Butte
Community Features Gutters, Sidewalks, Street Lights
Zoning R3
Directions Go West On 4th Ave Off Esplanade
APN 3013046000
Multifamily Details
Expense: Trash 1434
Laundry Income 900
Operating Expense 40724
Expense: Insurance 6842
Total Expenses 40724
Gross Income 93960
Gross Scheduled Income 93960
Expense: Fuel 2747
Lot/ Land Details
Average Studio Area 300
Rental est.: $875/month
Gross rent multiplier: 90.5
  • Dec 2023
    mls logo MLS # SN23201814
  • Dec 20, 2023 Sold
    $950,000
  • Nov 4, 2023 Pending
    —
  • Nov 1, 2023 Listed
    $950,000
  • Dec 2023
    Public Records
  • Dec 19, 2023 Sold
    $950,000
  • Year Property taxes Tax assessment
  • 2024
    $10,528 +155.5%
    $968,900 +164.55%
  • 2023
    $4,121 +1.7%
    $366,244 +1.99%
  • 2022
    $4,051 +1.9%
    $359,103 +1.99%
  • 2021
    $3,976 +0.3%
    $352,102
  • 2020
    $3,965
    $352,102
  • 328 W 4th Ave
    $950K
  • The Avenues
    $384K -14% y/y
  • 95926
    $419K -2% y/y
  • Chico
    $489K +3% y/y
No chart available
Statistics calculated by Movoto

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6/10
Citrus Avenue 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 10/29/2026. 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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