SOLD 02/08/2024
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Commercial sold for $1,290,000 in 42 days
1842 Arcadian Ave Chico, CA, 95926
Off the market Other
Incredible Investment Opportunity ahead!! This is a rare investment offering featuring not just one, but two strategically positioned 4-plex units, poised for immediate returns and substantial future growth. This unique property presents many enticing possibilities for savvy investors and is teeming with potential! Nestled in a tranquil enclave near Enloe Hospital, this property boasts a quiet and desirable location, providing residents with proximity to healthcare facilities, charming restaurants, cozy coffee shops, Historic Downtown Chico, and Chico State University. As a testament to ongoing care and investment, the property features newer appliances in select units, one entirely upgraded model, a fresh exterior paint job, and a brand-new parking lot. These enhancements contribute to the overall attractiveness and functionality of the property. This property's expansive back area allows for the addition of up to four Accessory Dwelling Units (ADUs), further increasing rental capacity and revenue streams. Take advantage of the ability to improve and upgrade the units further, positing yourself for increased rental income and property appreciation. With multiple units and the potential for additional ADUs, this property offers diversified income streams, mitigating risk and enha
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Property details
5,600 sqft interior area
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Other
Land area
16,553 sqft (0.38 acres)
Address
1842 Arcadian Ave, Chico, CA, 95926
City of California
Chico
County
Butte
Year Built
1963
District
Listing
Nearby major retailers
Costco
Lowe's
Safeway
Trader Joe's
Wholesale: 1
Do it yourself: 1
Supermarket: 2
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Interior Features
Carpet, Laminate floors
Floor Covering
Carpet, Laminate
Garage & Parking
Other
Amenities
Other
Listed by
Brent Silberbauer, eXp Realty of California, Inc.
Name
Brent Silberbauer
License number
02019819
Brokerage company
eXp Realty of California, Inc.
MLS #
CRSN23231163
Buyer agent
Name
General Nonmember
Brokerage company
NONMEMBER MRML
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Mortgage
$3,961
Taxes
$0
HOA dues
$0
Mortgage
$258,000 / 20%
2.28%
30 years
Your amount
$3,961 / month
Lot details
TMK #003613029000
Lot Description
Back Yard, Level, Other
Parcel nr.
003613029000
95926 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 95926
44%
Families with children
National average: 39%
45%
Non family households
112,015
Population
$76,686
Average Income
Age & gender
Median age 32 years
More info
Commute types
84% commute by car
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Education level
23% have college education
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Number of employees
10% work in education and healthcare
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Vehicles available
38% have 2 vehicle
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Vehicles by gender
38% have 2 vehicle
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Housing market insights for
$474.23k
Neighborhood average
sales price*
sales price*
$429.67k
Neighborhood median
sales price*
sales price*
341
Number
of sales*
of sales*
Housing type
56% are single detacheds
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Rooms
42% of the houses have 4 or 5 rooms
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Bedrooms
68% have 2 or 3 bedrooms
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Owners vs Renters
50% are owners
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9.83 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Feb 8, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 8, 2024 | Sold | $1,290,000 | 0 | Public Record |
| Feb 8, 2024 | Price Decrease | $1,290,000 -7.53% | 0 | MLS #CRSN23231163 |
| Jan 11, 2024 | Under contract | $1,395,000 | 0 | MLS #CRSN23231163 |
| Dec 29, 2023 | New Listing | $1,395,000 | 0 | MLS #CRSN23231163 |
Taxes of 1842 Arcadian Ave, Chico, CA, 95926
R1 zoning / MLS #CRSN23231163
Zoning
R1
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Frequently Asked Questions about 1842 Arcadian Ave
What is 1842 Arcadian Ave?
1842 Arcadian Ave is a Commercial/Industrial propertywith 5,600 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1842 Arcadian Ave, Chico, CA, 95926.
What comparable properties are nearby?
Comparable nearby commercial properties include 1230 Esplanade, 10 Governors Ln, 660 Rio Lindo Ave, 578 Rio Lindo Ave, 609 Rancheria Dr, 1215 Mangrove Ave.
Based on information from the bridgeMLS as of 05-04-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Feb 09, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are S&S Produce and The Butcher Shop, 0.67 miles away and Raley's, 0.78 miles away.
The 95926 zip area has a population of 112,015, and 44% of the families have children. The median age is 32.3 years and 84% commute by car. The most popular housing type is "single detached" and 50% is owner.
