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1121 1129 Magnolia Avenue

Chico, CA 95926
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Bed 0

Bed

Bath 0

Bath

SqFt23,958

Sqft(Lot)

Magnolia Apartments is a 17-unit multifamily offering across two character buildings on one oversized parcel in the heart of Chico. 1129 Magnolia, built in 1908, is a classic two-story with a centered entry framed by mature landscaping. 1121 Magnolia, known locally as The French Quarter, was built in 1945 and adds its own street presence along a tree-lined block shaded by a heritage oak. The mix of five studios, eleven one-bedrooms, and one two-bedroom sits within walking distance of Chico State, Enloe Medical Center, Chico High School, and downtown dining, the deepest pocket of rental demand in Butte County. Major capital items are already handled: new roofs were installed in 2019, and units are equipped with new mini split systems for efficient heating and cooling. The standout feature i s the land itself. The parcel extends well beyond the two buildings, with a large graded rear yard fronting an existing off-street parking field. A buyer here is acquiring more than 17 income units; they are acquiring a central Chico site with room to grow on their own timeline. Offering memorandum, rent roll, renderings, and video walk-through available upon request. Please do not disturb the tenants.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,100,000

AD Id : 89632741

MLS Id : SN26175730

Lot Size : 23,958 Sqft

Year Built : 1908

County : Butte

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1908
    Building Area Total: 8758
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 23958 Lot Size Acres: 0.55 Lot Size Source: Assessor Lot Size Square Feet: 23,958 Lot Description: Pasture,NearPublicTransit

  • Listing Price Information

    Listing Price: $2100000
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  • Tax Information

    Parcel Number: 003092008000

  • Location Information

    Direction: From Hwy 99, take the exit for East 1st Avenue. Head east on 1st Avenue, then turn right onto Magnolia Avenue. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
E 1st Avenue, Chico, CA, 95926 $380,000 3 1 940 940 SqFt
Grafton Park Drive, Chico, CA, 95926 $599,000 3 2 2,110 2,110 SqFt
Glenwood Avenue, Chico, CA, 95926 $775,000 4 3 3,021 3,021 SqFt
Windsor Way, Chico, CA, 95926 $435,000 3 2 1,124 1,124 SqFt
Ceres Manor Court, Chico, CA, 95926 $525,000 4 2 2,020 2,020 SqFt
1915 Manzanita, Chico, CA, 95926 $499,000 4 3 2,570 2,570 SqFt
8 Creekwood Court, Chico, CA, 95926 $575,000 4 3 1,824 1,824 SqFt
6 Creekwood Court, Chico, CA, 95926 $499,000 4 2 2,032 2,032 SqFt
3 Shalimar Court, Chico, CA, 95926 $1,200,000 4 7 5,023 5,023 SqFt
2 Summerwood Court, Chico, CA, 95926 $490,000 3 2 1,853 1,853 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/26/2026 @ 14:53

MLS: SN26175730 LISTED BY: Brent Silberbauer, eXp Realty of California, Inc. 888-584-9427 SOURCE: CRMLS

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