Price$1,100,000
Units7
Gross scheduled income$118,275
Seller NOI$76,561
Listed cap rate—
Days on market186
Photos
Listing remarks
811 West 2nd Avenue is a seven-unit apartment complex ideally located in the heart of Chico, just two blocks from Chico State University and close to Safeway, restaurants, shopping, public transportation, and downtown.
The property features six two-story, four-bedroom, two-bathroom units and one studio unit. There is also an additional studio unit that is currently unpermitted and is not included in the stated unit count. Off-street parking and the property’s central location add to its overall rental appeal.
Several units have received recent updates, with additional opportunities for future improvements and rent growth. With its desirable unit mix, strong rental history, and excellent location near Chico State, this property offers a compelling investment opportunity in one of Chico’s most consistently active rental areas.
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$1,225,000
Listing date2025-12-18
Off-market date2026-07-31
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 update2026-08-14T17:38:48.777-00:00
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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.