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W East Avenue

Chico, CA 95926
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SqFt32,670

Sqft(Lot)

Gravitas Commercial Real Estate is pleased to present the charming 20 unit apartment located at 931 W. East Avenue in Chico. Built in 1980, the subject property is 14,899 square feet and consists of sixteen (16) one-bedroom one bath units of approximately 720 square feet each and four (4) two-bedroom one bath units measuring approximately 845 square feet each. The Compass Point Apartments features an on-site laundry room whose machines are owned by current ownership. Each unit upstairs has a balcony while the downstairs units each have patios providing privacy for tenants. There is ample off-street parking at this quiet complex which benefits from great visibility on W. East Avenue while also being nestled amongst quaint single family residences. In-place income at the property pre sents a tremendous opportunity for the new owner to move rents to market over time. Current leases represent about an 11.8% loss-to-lease and plenty of opportunity to prune expenses. Pro-forma cap rate is 5.34% with a 12.6 GRM.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,250,000

AD Id : 53175940

MLS Id : 223095692

Lot Size : 32,670 Sqft(Lot)

County : Butte

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
W 1st Avenue, Chico, CA, 95926 $2,888,000 -- -- -- Acres (Lot)--
W 2nd Avenue, Chico, CA, 95926 $750,000 -- -- 2,595 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)

ByOwner last updated this listing 06/08/2026 @ 12:33

MLS: 223095692 LISTED BY: Marc Guillon, Gravitas Commercial Real Estate SOURCE: MLS Metrolist

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