618 Rancheria Drive, Chico, CA, CA 95926
- $650,000
- List Price
- $650,000
- Status
- ACTIVE
- MLS#
- SN26126309
- County
- Butte
- Year Built
- 1965
- Building Square Feet
- 3,016
- Square Feet
- 8,276
- Days on Market
- 46
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Located in the heart of Chico, this well-positioned four-unit multifamily property presents an attractive investment opportunity with strong rental demand and a highly desirable unit mix. The property consists of four spacious two-bedroom, one-bathroom units, each approximately 765 square feet, offering residents comfortable living accommodations while providing investors with stable income potential. The property's prime location is a significant advantage, situated just 0.2 miles from California State University, Chico and approximately 0.8 miles from Chico High School. This strategic positioning supports consistent tenant demand from both the student population and the broader Chico rental market. This desirable location, versatile unit mix, and strong occupancy fundamentals, this property offers investors the opportunity to acquire a well-located multifamily asset in one of Northern California's most established university communities.
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Additional Information
- Parcel Number
- 043180025000
- Rent Control
- Yes
- Gross Scheduled Income
- $50,580
- Operating Expense
- 18585
- Net Operating Income
- $31,995
- Number of Buildings
- 1
- Lot Features
- Level, Walkstreet
- Utilities
- Sewer Connected
- Heat
- Wall Furnace
- Cooling
- Yes
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Sidewalks
Listing courtesy of Listing Agent: Matt Depa (matt.depa@capitalrivers.com) from Listing Office: Capital Rivers Commercial Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.