CRMLS SN26064060

615 Rancheria Drive 1-4, Chico CA 95926

Residential Income · Quadruplex · Pending

$699,000
Price$699,000
Units4
Gross scheduled income$72,000
Seller NOI$59,000
Listed cap rate7.20%
Days on market25

Photos

615 Rancheria Drive 1-4, Chico CA 95926
615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926615 Rancheria Drive 1-4, Chico CA 95926

Listing remarks

Exceptional investment opportunity just steps from California State University, Chico! This well-located fourplex at 615 Rancheria Dr. offers strong rental history and exceptional income potential in one of Chico’s most desirable student housing areas. Situated directly behind Chico State, the property benefits from consistent tenant demand, making it an ideal addition to any investor’s portfolio. The property features [4] units with a functional and modern layout, providing steady income potential and opportunity for future upside. Tenants will appreciate the proximity to campus, downtown Chico, local dining, shopping, and public transportation. The location alone ensures high occupancy and long-term desirability. Whether you’re a seasoned investor or looking to get started in multifamily real estate, this is a rare chance to own a property in a prime Chico rental market. Don’t miss the opportunity to capitalize on location, demand, and growth potential.

Unit mix

UnitCountBedsBathsActual rentPro forma
1121$0$18,000
2121$0$18,000
3121$0$18,000
4121$0$18,000

Property facts

Year built1971
Parcel043180031000
Lot9,148 SF
Building/Living area3,604 SF
HeatingCentral
CoolingCentral Air
WaterPublic
SewerSeptic Tank

Additional MLS fields

Original list price$699,000
Listing date2026-02-28
Off-market date2026-05-08
Buildings1
Operating expenses$12,050
Insurance$2,500
Trash$1,250
Maintenance$5,000
Vacancy allowance5.00%
Tenant paysAll Utilities
Rent controlNo
Electric meters4
Gas meters4
Water meters4
Parking6
LaundryNone
FlooringCarpet, Vinyl
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal, Refrigerator, Water Heater
InteriorBalcony, Ceiling Fans, Open Floorplan, Storage, Bar
ExteriorLighting
Lot featuresLandscaped, Near Park, Near Public Transit, Paved, Rectangular Lot
CommunityBiking, Curbs, Fishing, Golf, Gutters, Lake, Mountainous, Street Lights, Suburban, Park
FencingWood
ViewNone
PoolNone
Senior communityNo
Last MLS update2026-05-08T18:19:56.953-00:00

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MLS attribution: Listing provided by NexGen Real Estate, Sam Mickens. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26064060. Information is deemed reliable but not guaranteed and may change without notice.