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1825 Magnolia Ave
Chico, CA 95926
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Five-unit income property opportunity in Chico, CA.
- Shared courtyard offers functional outdoor space for tenant use.
- Five units across three buildings supporting flexible rental configurations.
- Located near Enloe Health and the Avenues with steady rental demand.
Executive Summary
This ±5-unit multifamily property is comprised of three separate buildings, offering a flexible layout suitable for a range of rental strategies. The all-original improvements offer character and present an opportunity for renovation or continued operation in current condition. Select units feature in-unit laundry, adding convenience for tenants and supporting rental stability. A shared central courtyard provides a functional common area for outdoor use and resident gathering. The unit mix and building configuration allow for potential repositioning to meet evolving market demand.
Property Facts
| Price Per Unit | $156,452 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.28% | Building Size | 3,717 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | ||
| Zoning | R1 | ||
| Price Per Unit | $156,452 CAD |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 3,717 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Zoning | R1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+5 | 5 | - | - |
Property Taxes
| Parcel Number | 003-613-009-000 | Improvements Assessment | $313,946 CAD |
| Land Assessment | $163,613 CAD | Total Assessment | $477,559 CAD |
Property Taxes
Parcel Number
003-613-009-000
Land Assessment
$163,613 CAD
Improvements Assessment
$313,946 CAD
Total Assessment
$477,559 CAD
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