Movoto Real Estate
Search
About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest
Sold on 11/03/2023
  • Map Image
  • Map Image
  • Map Image

8 Lorayne Ct, Chico, CA 95926

$670,000

Last sold 11/03/2023 for $599K

  • —

    bed

  • —

    bath

Multi-family not for sale
Learn about Chico's top local Real Estate agents

About 8 Lorayne Ct

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Lot size 9,583 Sqft
Movoto estimate
Rental estimate
Property description
This is a great opportunity to own an investment property located just blocks away from CSU Chico. This well-positioned 4-plex offers not only immediate rental income but also substantial potential for increased capital appreciation and enhanced cash flow. Don't miss out on this opportunity to secure a 4-plex with potential for value enhancement and increased market rents. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a strategic entry point into the real estate market, this property offers a combination of location, potential, and profitability.
Listed by
Listing Agent - Casey Smyth
Listing Office - NextHome North Valley Realty
Source: CRMLS mls logo
MLS#SN23146463 • last updated 2 years ago
Movoto checked CRMLS for data Just now
Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.22
Lot Size (SqFt) 9583
Property Tax 2956
Year Built 1980
Interior
Laundry Common Area
Flooring Carpet
Appliances Dishwasher, Refrigerator
Exterior
Foundation Slab
Construction Stucco
Building Area Square Feet, 3712
Roof Composition
Parking On Site, Street
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Butte
Community Features Curbs, Sidewalks, Storm Drains, Street Lights
Zoning R3
Directions W. 4th Avenue To Lorayne. Located On Corner Of Lorayne And W. 4th Ave
APN 43131024000
Multifamily Details
Expense: Trash 1740
Gross Spendable Income 1270
Laundry Income 900
Operating Expense 12746
Cap Rate 4.7
Expense: Insurance 3890
Total Expenses 17277
Expense: Maintenance 600
Expense: Water/ Sewer 3060
Gross Income 41340
Gross Operating Income 41340
Expense: Electric 500
Gross Multiplier 14.8
Gross Scheduled Income 40440
Lot/ Land Details
Average Studio Area 928
$670K
Range: $609K-$730K
Last 30 days 
Rental est.: $786/month
Gross rent multiplier: 63.5
  • Nov 2023
    mls logo MLS # SN23146463
  • Nov 3, 2023 Sold
    $599,000
  • Aug 25, 2023 Pending
    —
  • Aug 10, 2023 Listed
    $599,000
  • Nov 2023
    Public Records
  • Nov 3, 2023 Sold
    $599,000
  • Year Property taxes Tax assessment
  • 2024
    $6,647 +132.2%
    $610,932 +140.6%
  • 2023
    $2,863 +1.7%
    $253,925
  • 2022
    $2,816 +1.9%
    $253,925 +4.02%
  • 2021
    $2,764 +0.3%
    $244,106
  • 2020
    $2,756 +1.8%
    $244,106 +1.03%
  • 2019
    $2,707 +1.8%
    $241,614 +1.99%
  • 2018
    $2,658
    $236,897
  • 8 Lorayne Ct
    $599K
  • The Avenues
    $384K -14% y/y
  • 95926
    $419K -2% y/y
  • Chico
    $489K +3% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
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.

Around The Avenues

Explore everything this neighborhood has to offer. Learn more about The Avenues.
View homes for sale in The Avenues
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Chico, CA

Nearby homes for sale in Chico, CA

Newest listings in 95926

  • Real Estate
  • CA
  • Butte County
  • Chico
  • 95926
  • The Avenues
  • 8 Lorayne Ct
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by CRMLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
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.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.