Active

W 2nd Avenue

Chico, CA 95926

$750,000 $3,162/Mo

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Overview

2,595

Sqft(Lot)

Acres (Lot)

Description

A unique 5-unit apartment building ideally located at 202 W. 2nd Avenue. Built in 1895, the property features a well-balanced unit mix consisting of three (3) one-bedroom/one-bath units, one (1) two-bedroom/one-bath unit, and one (1) three-bedroom/two-bath unit. This variety of layouts caters to a wide range of renters, including students, medical staff, and working professionals. The property benefits from its prime location near both Enloe Medical Center and Chico State University, two of the city's largest demand drivers. Residents enjoy convenient access to employment, higher education, retail, dining, and entertainment while still being situated within a quiet neighborhood setting known as The Avenues. With established in-place income and below-market rents, 202 W. 2nd A venue presents investors with a compelling value-add opportunity. Interior and common area upgrades offer meaningful upside potential, while the property's historic charm and irreplaceable location ensure long-term rental demand and investment stability.

Property Details

Property Type : ResidentialIncome

Price : $750,000

AD Id : 67325565

MLS Id : 225129692

Living Area Size : 2,595

County : Butte

Map

Features

Water/Sewer

Sewer: Other
Flooring Information

Other
Interior Features

Laundry Features: Other
Heating & Cooling

Heating: Other Cooling: Other WaterSource: Other

Building Information

Year Built: 1895 Stories: 2 Construction Materials: Other Foundation Details: Other
Exterior Features

Foundation Details: Other

Porch: Balcony/Deck
Laundry Features

Other

Patio And Porch

Balcony/Deck

Lot Information

Lot Description: Other Lot Square Feet: 6,098 Stories: 2 Main Square Feet: 2,595

Property Information

Property Type: ResidentialIncome Sub Type: 5 or More Units SQ ft (Living Area): 2,595 Construction Materials: Other Property Age: 131 Cross Street: Magnolia Source Neighborhood: 12548 Area: Chico S: 95926 Zoning: R-1 Living Area Source: Assessor Auto-Fill Structure Type: Apartments

Farm Info

Irrigation Source: Other

Listing Price Information

Listing Id: 225129692 List Price: $750,000 List Price Tot SqFt: $289

Tax Information

Parcel Number: 003-063-018-000

Parking Information

Other

Elementary School District: Chico Unified

Junior High School District: Chico Unified

Senior High School District: Chico Unified
Utility Information

Other
Location Information

Direction: gps

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
W East Avenue, Chico, CA, 95926	$3,250,000	--	--	--	32,670 Sqft(Lot)
W 1st Avenue, Chico, CA, 95926	$2,888,000	--	--	--	Acres (Lot)--
Arcadian Avenue, Chico, CA, 95926	$1,225,000	--	--	4,600	Acres (Lot)--
2015 Nord, Chico, CA, 95926	$375,000	--	--	--	82,764 Sqft(Lot)
1 Four Acre Court, Chico, CA, 95926	$185,000	--	--	--	15,682 Sqft(Lot)