765 Humboldt Ave - Apartments FOR SALE


Chico, CA 95928
$915,000 USD
916-724-1294
765 Humboldt Ave, Chico, CA for Sale
$915,000 USD
Apartments - FOR SALE
1/29
null | 5.54% Cap Rate

765 Humboldt Ave
Chico, CA 95928


OVERVIEW

The DeLoney Group at Marcus & Millichap is pleased to present 765 Humboldt Ave. a 100% renovated 6-unit apartment community nestled East of Downtown Chico, CA. The community features Five One Bedroom / One Bathroom and One detached Two Bedroom / One Bathroom units. Current ownership completed renovations of all 6 units in 2024. Typical renovations include LVP flooring, new appliances, and refinished bathrooms. The property also went under extensive exterior renovation with new paint, new windows, newer roof, and minimal landscape design. The offering represents an opportunity to purchase a fully renovated, stable, and easy management income property located in the highly sought after Chico market. Chico State (Roughly 14,000 students) is located just 1.2 miles from the subject property and is a main economic driver for the City along with healthcare and surrounding agriculture employment that keeps the local economy strong. Main Street in Downtown is a short 10-minute walk from the property and close to all the amenities that Chico has to offer. Please do not disturb the tenants. All tours must be scheduled through the listing team.

FOR SALE DETAILS

PRICE

$915,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

6

PRICE/UNIT

$152,500

CAP RATE

5.54%

% LEASED

35%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1885

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R3

APN/PARCEL ID

004-450-009-000

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

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