Price$2,760,000
Units24
Gross scheduled income$318,726
Seller NOI$157,843
Listed cap rate—
Days on market1
Photos
Listing remarks
OPPORTUNITY KNOCKS! First time on the market in over 25 years! This 2 story, 24 unit apartment complex is a classic charmer, centrally located in the Heart of Chico. As you enter the central courtyard, it is like walking into an oasis, with its' sparkling swimming pool, wrap around balconies, and lush mature landscaping. Situated within walking distance to Chico State University, Downtown, and Chico High School, the Subject Property is also close to public transportation, and has easy freeway access. With a strong rental history, balanced tenant mix, and stabilized market rents, it makes this a great investment opportunity.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 13 | 1 | 1 | $950 | $1,150 |
| 2 | 10 | 2 | 1 | $1,153 | $1,275 |
| 3 | 1 | 3 | 2 | $1,400 | $1,485 |
Property facts
Year built1962
Parcel003101019000
Lot28,314 SF
Building/Living area15,805 SF
Heating—
Cooling—
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$2,760,000
Listing date2026-06-30
Buildings1
Leased units23
Operating expenses$144,941
Insurance$17,705
Water/sewer$4,628
Trash$6,229
Vacancy allowance5.00%
Rent controlYes
Electric meters25
Gas meters25
Water meters1
LaundryCommon Area, Inside
Lot featuresStreet Level
CommunityCurbs, Gutters, Sidewalks, Pool
PoolCommunity, Fenced
Senior communityNo
Last MLS update2026-07-01T18:29:32.117-00:00
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MLS attribution: Listing provided by Commercial Brokers of California, Shawn Smith. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26142170. Information is deemed reliable but not guaranteed and may change without notice.