Price$8,200,000
Units30
Gross scheduled income$696,000
Seller NOI$463,136
Listed cap rate5.65%
Days on market56
Photos
Listing remarks
MAJOR PRICE ADJUSTMENT OF OVER $500,000 TO ENHANCE BUYER ROI. Now priced well below replacement cost. Turn-key complex with stabilized occupancy and immediate cash flow with maximum tax benefits. Great opportunity to own a recently constructed apartment complex in southeast Chico. The complex is gated and has a pool and clubhouse. It is conveniently located near transportation arteries and the bike path along Little Chico Creek. The rear of one building and the patios and balconies look over the creek. The complex also has owned solar. The unit sizes are large: 1/1 units @t 816 to 850 SF; 2/2.5 units @ 1,050 SF; and 3/2.5 @ 1,451 SF. This investment grade property would work well for and 1031 exchange investor or one wanting to build wealth through apartment ownership. Pro forma income and expense information shown. Call or email for more information or for access.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 16 | 1 | 1 | $1,650 | $1,695 |
| 2 | 7 | 2 | 3 | $1,895 | $1,950 |
| 3 | 7 | 3 | 3 | $2,195 | $2,290 |
Property facts
Year built2023
Parcel002110034000
Lot60,984 SF
Building/Living area30,884 SF
HeatingSolar
Cooling—
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$8,775,000
Listing date2026-02-06
Buildings3
Operating expenses$198,064
Insurance$13,366
Water/sewer$10,000
Trash$2,000
Rent controlNo
Electric meters30
Gas meters30
Water meters1
Parking62
LaundryLaundry Closet
AppliancesDryer, Washer
Lot featuresTwenty Six To Thirty Units Acre
CommunityBiking, Dog Park, Pool
PoolCommunity, Fenced, In Ground
Senior communityNo
Last MLS update2026-04-03T14:56:10.207-00:00
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MLS attribution: Listing provided by Scott Hamm Realty, Scott Hamm. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26027768. Information is deemed reliable but not guaranteed and may change without notice.