Price$1,450,000
Units12
Gross scheduled income$165,162
Seller NOI$85,096
Listed cap rate—
Days on market21
Photos
Listing remarks
Classic Esplanade Charmer! This 12 plex apartment building is 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 | 1 | 1 | 1 | $775 | $775 |
| 2 | 1 | 1 | 1 | $975 | $975 |
| 3 | 2 | 2 | 2 | $1,150 | $1,300 |
| 4 | 2 | 2 | 2 | $1,200 | $1,300 |
| 5 | 2 | 2 | 2 | $1,275 | $1,300 |
| 6 | 1 | 2 | 2 | $1,290 | $1,300 |
| 7 | 1 | 2 | 2 | $1,300 | $1,300 |
| 8 | 2 | 2 | 2 | $1,150 | $1,300 |
Property facts
Year built1973
Parcel003096015000
Lot16,117 SF
Building/Living area10,243 SF
Heating—
Cooling—
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$1,450,000
Listing date2026-07-30
Off-market date2026-07-31
Buildings1
Leased units12
Operating expenses$80,066
Insurance$10,043
Water/sewer$3,149
Trash$4,085
Rent controlYes
Electric meters13
Gas meters12
Water meters1
LaundryCommon Area
Lot featuresStreet Level
CommunityCurbs
PoolNone
Senior communityNo
Last MLS update2026-07-31T21:45:10.207-00:00
See how Matt runs his numbers
Request a one-page investment summary using Matt’s underwriting lens.
Request summary
MLS attribution: Listing provided by Commercial Brokers of California, Shawn Smith. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26167282. Information is deemed reliable but not guaranteed and may change without notice.