1033 W 5th St - Apartments FOR SALE


Chico, CA 95928- Downtown Chico
$10,250,000 USD
858-922-4181
1033 W 5th St, Chico, CA for Sale
$10,250,000 USD
Apartments - FOR SALE
1/30
null | 5.72% Cap Rate

1033 W 5th St
Chico, CA 95928
Downtown Chico


HIGHLIGHTS

  • Modern 2018-Construction Located Within Walking Distance of California State University, Chico
  • Attractive Going-In 5.72% CAP Rate
  • Offered at $230.44/SF, Well Below Replacement Cost
  • Highly Amenitized Property, Including: Roof Top Decks, Pool, Covered Parking, Free Wi-Fi, BBQ/Outdoor Lounge and Study Lounge/Arcade
  • Large 3x3 Floor Plans Equipped With Washer/Dryer, Quartz Countertops, Stainless Steel Appliances, Individual Room Heating/Cooling and LVP Flooring

OVERVIEW

ALIVE Commercial Real Estate is excited to present the Urban, a boutique student housing community featuring 36 townhouse-style units, conveniently located within walking distance of California State University, Chico. Completed in 2018, the opportunity consists of 108 beds with unique 3-bedroom, 3-bathroom floor plans, showcasing modern finishes and exceptional amenities. Additionally, the Urban is a secure gated community with remote digital entry, offering 47 off street parking spaces. Each unit is equipped with stainless-steel kitchen appliances, quartz countertops, contemporary lighting fixtures, and in-unit washer/dryers. Residents also enjoy access to gaming arcades and monthly maid service for common areas, including bathrooms and the outdoor pool and spa. The Urban's appealing proximity—just 0.3 miles from campus—combined with its stylish finishes and desirable amenities, make it a sought-after choice for students. This property presents a unique opportunity for savvy investors to acquire a best-in-class, non-institutional student housing asset constructed in 2018. The Urban stands out in a market characterized by a sluggish pipeline for purpose-built student housing (PBSH), with no new inventory currently underway. These favorable supply-and-demand dynamics suggest strong long-term rent growth and stability, along with minimal anticipated capital expenditures in the near future.

FOR SALE DETAILS

PRICE

$10,250,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

36

PRICE/UNIT

$284,722

CAP RATE

5.72%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Urban

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

004-202-018-000

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.