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498 E Sacramento Ave - 498 E Sacramento Avenue

2,200 SF Specialty Building Offered at $629,999 in Chico, CA 95926

Investment Highlights

  • Built-in Features, Ceiling Fan(s), Open Floorplan, Pantry, Track Lighting
  • Double Pane Windows, Drapes
  • Attached Carport, Covered, Carport, Driveway, Public, RV Potential
  • Carpet, Vinyl, Wood
  • Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator

Executive Summary

Location! Location! Location! Don't miss this once in a lifetime Chico investment property centrally located in one of the most beautiful and beloved neighborhoods in Chico. This property has been designed as a luxury rental and/or Airbnb. Filled with beautiful furniture, appliances, and extra linens that maybe sold separately. This is perfect for anyone looking to buy a fully set up Airbnb. Guests will enjoy Saturday morning Farmer's Market, Bidwell Park, dinners in downtown , or coffee at the local coffee shop. When you enter this stunning home you will be greeted with beautiful wood floors that open to a large open floor plan with bay windows that look into a gorgeous English garden filled with natural light. The living room has plenty of room for entertaining with the formal dining room leading to the kitchen. The kitchen is open to the family room, laundry room and backyard where kids can play. This kitchen has it all: coffee bar, kitchen bar, built-in cabinets, TV, large refrigerator, ceilings fans and lots of upgrades for your modern living. All 5 bedrooms are beautifully decorated, spacious and provide additional built-ins for all your wardrobe or storage needs. The backyard has a secluded hot tub to relax after a long days work with twinkle lights, fire pit and a nice seating area to enjoy a beautiful starry night with loved ones and friends. It is great for entertaining or for privacy to enjoy your morning or evening beverage relaxing in the garden area. There is plenty of room inside and outside for the entire family to have their own space as well as a four-legged pet to roam around and play. This is a one investment property you don't want to miss out on. Call for a private viewing today.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $49,600 $22.55
Other Income - -
Vacancy Loss - -
Effective Gross Income $49,600 $22.55
Taxes - -
Operating Expenses $19,258 $8.75
Total Expenses $19,258 $8.75
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $49,600
Annual Per SF $22.55
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $49,600
Annual Per SF $22.55
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $19,258
Annual Per SF $8.75
Total Expenses
Annual $19,258
Annual Per SF $8.75
Net Operating Income
Annual -
Annual Per SF -

Property Facts Under Contract

Price $629,999
Price Per SF $286
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Residential Income
Building Class C
Lot Size 0.13 AC
Building Size 2,200 SF
No. Stories 2
Year Built 1948
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R1 (Residential Income)
R1 (Residential Income)
  • Listing ID: 33313810

  • Date on Market: 9/26/2024

  • Last Updated:

  • Address: 498 E Sacramento Ave, Chico, CA 95926

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