931-939 W East Ave - Apartments FOR SALE
Chico, CA 95926 |
$2,875,000 USD
310-844-9362
931-939 W East Ave
Chico, CA 95926
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.
FOR SALE DETAILS
PRICE
$2,875,000 USD
PRICE/SF
$193 USD /SF
# OF UNITS
20
PRICE/UNIT
$143,750
CAP RATE
5.58%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Compass Point Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1980
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,670 SF
ZONING
R4
APN/PARCEL ID
042-070-165-000
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310-844-9362
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310-844-9362
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