This offering is part of a portfolio sale with 2770 E. Eaton Road, Chico, CA "Eastwood Court Apartments". 100 Units, 1991 Year Built, $12,750,000. Properties can be purchase together or separately. Tour Schedule: Eastwood Court on April 29th, April 30th, May 7th from 10:00am – 12:45pm. Lassen View on April 29th, April 30th, May 7th from 1:00pm– 3:45pm. *Please contact Spencer Moyer to book your 30 minute window* ALIVE Commercial Real Estate is pleased to exclusively present Lassen View Apartments, a beautifully maintained, 38-unit garden style community located at 595 E. Lassen Avenue in Chico, CA. Sprawling over 2.51 acres, the property is comprised of (24) one-bedroom one-bathroom cottages with vaulted ceilings and (14) two-bedroom two-bathroom floor plans, ideal for a new owner given the high desirability of one and two-bedroom rentals in Chico, CA. Furthermore, common area amenities including a sparkling swimming pool, leasing office, on site laundry facility and serene landscaping, creating a warm and inviting community feel. Lassen View is being offered for sale for the first time since the original owner developed the property in 1991, and although they have been fantastic stewards over the last 36 years, the current rents are well below market. Properties with similar vintage and interior finishes have achieved upwards of $1,200 for their one-bedrooms and $1,600 for their two-bedrooms, paving a clear path towards organic rent growth and stabilized market rents upon unit turnover.