Price Reduction
Address
10 Jillian Lane Chico, CA
Price
$ 835,000
Property Attributes
  • ML#SN20206556
  • TypeIncome
  • CountyBUTTE
  • CityChico
  • Zip95973
  • Style
  • Price$ 835,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4600
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Spencer Moyer with Alive Commercial Real Estate.
Property Description

ALIVE Commercial Real Estate is pleased to exclusively present the Jillian Lane Townhouses, a 2002 construction fourplex located in the desirable town of Chico, CA. The property is comprised of four 1,150 SF three-bedroom/two-bathroom townhouse style floor plans with attached direct access garages, private enclosed backyards and an open-living layout ideal for renters and tenants alike. Although the property has been very well maintained, a new owner will have the opportunity to capitalize on a 20% upside in rents, achievable through an interior renovation program. The population growth in Chico has not been met with sufficient housing construction, resulting is very strong single-family price appreciation and rent growth over the last several years. Current rents at Jillian are well below market and ripe for a new owner to capitalize on the opportunity. Jillian lane is ideally situated along Burnap avenue, conveniently tucked away on a private cul-de-sac street on the north east end of Chico, CA. The property benefits from convenient access to retail and shopping (Trader Joe's anchored shopping center 0.8 miles away) as well as a short three mile drive or bike ride to Bidwell park, California's third largest municipal park. Chico's gentrification over the last 10 years has resulted in strong Y-O-Y population growth, making it one of the most desirable and affordable places to live in the Northern California Valley.

Price History
10/2/2020 Listed $870,000
10/12/2020 5% - $835,000

General Features

Attached Structure Attached
Community Features Hiking, Sidewalks, Street Lights, Suburban
Cooling Central Air
Directions Esplanade to East Lassen avenue, right on Burnap avenue, right on Jillian Ln
Garage Spaces 4.00
HOA Fee 0.00
Heating Central
Interior Features Open Floorplan
Levels Two
Listagentaor Sierra North Valley
Listing Agent Spencer Moyer - BRE#01940191
Listing Agent State License 01940191
Number of Units Leased 4
Parking Features Direct Garage Access
Pool Features None
Price Per Square Foot 181.52
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area 1150
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Heating Y/N Yes
Laundry Features Dryer Included, In Garage, Washer Included
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 4600.00
Lot Features 0-1 Unit/Acre
Lot Size Acres 0.3400
Lot Size Area 14810.0000
Lot Size Source Assessor
Lot Size Square Feet 14810.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 8.00
Uncovered Spaces 4.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95973

Price
AVG $710K
$840K
Visits
AVG 24
20
Year Built
AVG 1991
2002

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