Price$799,000
Units4
Gross scheduled income$69,684
Seller NOI$54,182
Listed cap rate—
Days on market33
Photos
Listing remarks
Turnkey 4-Unit Investment Near CSU Chico
Located just minutes from California State University, Chico, this fully leased property offers strong, reliable income with added upside. Built and remodeled in 2022, it features two modern 2BD/1BA units with open layouts, quartz countertops, stainless steel appliances, in-unit laundry, and covered patios, plus a duplex with two updated studio units.
An on-site billboard provides additional passive income, enhancing overall returns. With its central location near shopping, dining, and campus, the property benefits from consistent rental demand.
Highlights:
4 units: 2 x 2BD/1BA + 2 studios
Built/remodeled in 2022
Billboard income
Prime Chico location with strong cash flow potential
A clean, low-maintenance investment in a high-demand area.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $1,200 | $1,295 |
| 2 | 1 | 1 | 1 | $1,200 | $1,295 |
| 3 | 1 | 2 | 1 | $1,665 | $1,695 |
| 4 | 1 | 2 | 1 | $1,650 | $1,695 |
Property facts
Year built2022
Parcel043290137000
Lot9,148 SF
Building/Living area2,598 SF
HeatingDuctless
CoolingDuctless
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$839,000
Listing date2026-04-08
Buildings3
Leased units4
Operating expenses$14,109
Insurance$1,953
Water/sewer$1,175
Trash$852
Vacancy allowance2.00%
Tenant paysElectricity, Gas
Rent controlNo
Electric meters4
Gas meters4
Water meters1
Parking7
LaundryInside
FlooringVinyl
AppliancesDishwasher, Electric Range, Gas Range, Ice Maker, Microwave, Tankless Water Heater, Water To Refrigerator, Water Heater
InteriorCeiling Fans, High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting
ExteriorLighting, Rain Gutters
Lot featuresBack Yard
CommunityCurbs, Gutters, Street Lights, Sidewalks, Urban
FencingWood
ViewNeighborhood
PoolNone
Senior communityNo
Last MLS update2026-05-13T00:41:57.010-00:00
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MLS attribution: Listing provided by Parkway Real Estate Co., Eric Stofa. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26075294. Information is deemed reliable but not guaranteed and may change without notice.