Price$1,250,000
Units7
Gross scheduled income$118,275
Seller NOI$76,561
Listed cap rate—
Days on market131
Photos
Listing remarks
811 West 2nd Avenue is an eight-unit apartment complex ideally located in the heart of Chico, just two blocks from Chico State University, the Safeway Shopping Center, and nearby restaurants. This prime location makes the property highly attractive to students, faculty, and commuters to campus, while still being only a few miles from downtown Chico.
The complex consists of six two-story four-bedroom, two-bath units along with two studio units, providing a desirable unit mix and strong rental demand. The property offers off-street parking and is centrally located, allowing easy access to shopping, dining, public transportation, and major corridors throughout Chico.
Several units have received recent updates, offering additional upside potential for future improvements and rent growth. This property presents a solid investment opportunity in a consistently strong rental market near the university.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 1 | 4 | 2 | $1,295 | $1,900 |
| 2 | 1 | 4 | 2 | $1,870 | $1,900 |
| 3 | 1 | 4 | 2 | $1,750 | $1,900 |
| 4 | 1 | 4 | 2 | $1,585 | $1,900 |
| 5 | 1 | 4 | 2 | $1,920 | $1,900 |
| 6 | 1 | 4 | 2 | $1,450 | $1,900 |
| 7 | 1 | 1 | 1 | $885 | $950 |
Property facts
Year built1984
Parcel043162019000
Lot22,216 SF
Building/Living area9,125 SF
HeatingCentral
Cooling—
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$1,375,000
Listing date2025-12-18
Off-market date2026-04-27
Buildings2
Operating expenses$41,714
Insurance$3,000
Water/sewer$5,374
Trash$2,626
Rent controlNo
Electric meters7
Gas meters7
Water meters1
LaundryNone
Lot featuresBack Yard, Irregular Lot, Level, Paved
CommunityUrban
PoolNone
Senior communityNo
Last MLS update2026-05-08T20:16:42.620-00:00
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MLS attribution: Listing provided by Parkway Real Estate Co., Rick Sufuentes. Data source: CRMLS via Trestle / CRMLS. MLS ID SN25278121. Information is deemed reliable but not guaranteed and may change without notice.