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Compass Point Apartments 931-939 W East Ave 20 Unit Apartment Building $3,949,445 CAD ($197,472 CAD/Unit) 5.58% Cap Rate Chico, CA 95926
Investment Highlights
- Stabilized 20-unit multifamily asset with significant recent upgrades and pride of ownership.
- Immediate rent upside with current rents below market, offering value-add potential.
- High-barrier-to-entry Chico market with average home prices over $500,000.
- Attractive unit mix: sixteen 1-bed/1-bath and four 2-bed/1-bath units, averaging 745 SF per unit.
- Located near California State University, Chico and Bidwell Park, ensuring strong rental demand.
- Built in 1980, Compass Point Apartments offers a low-density, colonial-style community.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $3,949,445 CAD | Building Class | C |
| Price Per Unit | $197,472 CAD | Lot Size | 0.75 AC |
| Sale Type | Investment | Building Size | 14,899 SF |
| Cap Rate | 5.58% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 | ||
| Price | $3,949,445 CAD |
| Price Per Unit | $197,472 CAD |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 14,899 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 850 |
| 2+1 | 4 | - | 600 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 042-070-165-000 | Improvements Assessment | $2,185,946 CAD |
| Land Assessment | $728,901 CAD | Total Assessment | $2,914,847 CAD |
Property Taxes
Parcel Number
042-070-165-000
Land Assessment
$728,901 CAD
Improvements Assessment
$2,185,946 CAD
Total Assessment
$2,914,847 CAD
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Compass Point Apartments | 931-939 W East Ave
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