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931-939 W East Ave
Chico, CA 95926

$2,875,000 USD

Apartments For Sale • 14,900 SF

Property Details

Property Type Apartments
Total Building Size 14,899 SF
Lot Size 0.75 AC
Building Class C
Year Built 1980
Cap Rate 5.58 %
Zoning R4

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Stabilized 20-unit multifamily asset with significant recent upgrades and pride of ownership.
                            
                                Attractive unit mix: sixteen 1-bed/1-bath and four 2-bed/1-bath units, averaging 745 SF per unit.
                            
                                Immediate rent upside with current rents below market, offering value-add potential.
                            
                                Located near California State University, Chico and Bidwell Park, ensuring strong rental demand.
                            
                                High-barrier-to-entry Chico market with average home prices over $500,000.
                            
                                Built in 1980, Compass Point Apartments offers a low-density, colonial-style community.

Cap Rate:

5.58 %

Amenities

24 Hour Access
Air Conditioning
Balcony
Dishwasher
Disposal
Laundry Facilities
Tenant Controlled HVAC
Heating
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Carpet
Online Services
Freezer
Patio
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Chico Amtrak (Coast Starlight - Amtrak)	6 min	-	3.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes

Nabil Awada 310-844-9362 Matthews Real Estate Investment Services

931-939 W East Ave Chico, CA 95926