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$1,225,000
Est. payment /mo
4,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $266
MLS Listing ID 225129682
HOA Y/N No
Year Built 1948
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
A charming 8-unit apartment community ideally located at 1930 Arcadian Ave. Built in 1948, the property offers a total of eight units with a desirable mix of two (2) studio units, three (3) one-bedroom/one-bath units, and three (3) two-bedroom/one-bath units one of which is a larger detached SFR. This balanced mix caters to a wide range of renters, from students and medical staff to local professionals. The property benefits from its close proximity to Enloe Medical Center, one of Chico's largest employers, providing a steady base of rental demand. Residents also enjoy convenient access to nearby retail, dining, and Chico State University while still being situated in a quiet residential setting known as The Avenues. With solid in-place income and rents positioned below market, 1930 Arcadian Avenue presents an excellent value-add opportunity for investors. Upgrades to unit interiors and common areas offer meaningful upside potential, while the property's established location ensures strong long-term rental fundamentals.
Location
State CA
County Butte
Area 12548
Direction gps
Rooms
Other Rooms Unit-1 Bedrooms: 3
Interior
Heating Other
Cooling Other
Flooring Other
Laundry Other
Exterior
Parking Features Other
Utilities Available Other
Water Access Desc Other
Building
Lot Description Other
Foundation Other
Sewer Septic System
Water Other
Schools
Elementary Schools Chico Unified
Middle Schools Chico Unified
High Schools Chico Unified
School District Butte
Others
Senior Community No
Tax ID 003-613-026-000
Special Listing Condition None
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Listed by Gravitas Commercial Real Estate
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