1120 Esplanade, Chico, CA, CA 95926
- $2,760,000
- List Price
- $2,760,000
- Status
- ACTIVE
- MLS#
- SN26142170
- County
- Butte
- Year Built
- 1962
- Building Square Feet
- 15,805
- Square Feet
- 28,314
- Days on Market
- 31
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
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.
/u.realgeeks.media/grandestatesca/dp_logo_w_background.png){kind=logo}
Additional Information
- Parcel Number
- 003101019000
- Rent Control
- Yes
- Common Interest
- Community Apartment
- Gross Scheduled Income
- $318,726
- Operating Expense
- 144941
- Net Operating Income
- $157,843
- Number of Buildings
- 1
- Lot Features
- Street Level
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Curbs, Gutter(s), Sidewalks, Pool
Listing courtesy of Listing Agent: Shawn Smith (shawnsellschico@gmail.com) from Listing Office: Commercial Brokers of California.
Mortgage Calculator
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.