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Sold on 11/22/2011
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581 E 5th Ave, Chico, CA 95926

$480,000

Last sold 11/22/2011 after 48 Days

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    bed

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    bath

Multi-family not for sale
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About 581 E 5th Ave

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 0.57 Acre
Rental estimate
Property description
10 units: 9 one-bedroom and 1 two-bedroom units plus laundry room. Well maintained: parking lot was resealed last month and 5th Avenue street improvements are completed. Property shows very well. Each unit has its own electric & gas meter (all located in "A" back yard). Common laundry room has W/D and a single large WH that provides hot water to all units. (Owner pays PGE for laundry & hot water) Fenced gate off Fairway Alley provides access to rear of units H, I & J. Narow walkway runs N/S along eastern property. Some windows have been updated. Each unit has a gas wall furnace and wall AC. Income/Expenses are estimated based upon Aug 2011 YTD. See attached statements for 2009, 2010, and Aug 2011 YTD income/expenses. Property appears to be on city sewer: Cal Water says property pays monthly sewer bill and City of Chico website shows sewer service to property. Buyer to confirm service connection.
Listed by
Listing Agent - John Kennedy
Listing Office - John Kennedy Real Estate
Source: CRMLS mls logo
MLS#CH11131755 • last updated 14 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
Status Closed
Lot Size (Acres) 0.57
Lot Size (SqFt) 24829
Year Built 1970
Interior
Laundry Community
Appliances Refrigerator
Exterior
Building Area 5568
Parking Unassigned
# Parking Spaces 17
Location
County Butte
Subdivision Julie Ann Apartments, Julie Ann Apartments
Directions Just West Of Mangrove On 5th Avenue
APN 3444002000
Multifamily Details
Expense: Trash 1400
Operating Expense 28000
Expense: Water/ Sewer 4000
Gross Income 5416
Gross Multiplier 8
Gross Scheduled Income 71160
Rental est.: $820/month
Gross rent multiplier: 48.8
  • Feb 2018
    mls logo MLS # CH17217379
  • Feb 14, 2018 Sold
    $800,000
  • Feb 14, 2018 Sold
    $800,000
  • Oct 11, 2017 Pending
    —
  • Sep 25, 2017 Listed
    $850,000 (-10.5%)
  • Sep 25, 2017 Listed
    $950,000 (+97.9%)
  • Dec 2017
    Public Records
  • Dec 5, 2017 Sold
    $800,000 (-5.9%)
  • Nov 2011
    mls logo MLS # CH11131755
  • Nov 23, 2011 Sold
    $480,000
  • Oct 5, 2011 Listed
    $525,000
  • Nov 2011
    Public Records
  • Nov 22, 2011 Sold
    $480,000 (-8.6%)
  • Year Property taxes Tax assessment
  • 2024
    $9,888 +1.2%
    $909,570 +1.99%
  • 2023
    $9,772 +1.6%
    $891,834 +1.99%
  • 2022
    $9,614 +1.9%
    $874,446 +4.02%
  • 2021
    $9,435 +0.3%
    $840,686
  • 2020
    $9,409
    $840,686
  • 581 E 5th Ave
    $480K
  • 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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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 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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