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1122 W Sacramento Ave, Chico, CA 95926

List Price: $869,000On Market FlagOn market
Nov 22, 20242,598 sqft1 beds1 baths
Listed by: Eric Stofa
License #: 01904078
Phone #: 530-895-1545
Parkway Real Estate Co.
Source:
CRMLS Logo
MLS #: SN24237085

Property Description

Income-Producing 4-Unit Property Near CSU Chico Located in a prime, centrally situated neighborhood just minutes from CSU Chico, this fully leased, income-generating property offers a fantastic investment opportunity. The property consists of four well-maintained units, plus billboard income, including: Two Identical 2-Bedroom, 1-Bath Units: Built in 2022, these spacious, modern units feature open-concept living areas, sleek finishes, and contemporary design elements. Perfect for tenants seeking comfort and convenience, each unit offers two bedrooms, one bathroom, dishwasher, stacked laundry, covered front/rear patios and plenty of storage space. The Duplex, with Mirrored Studio Floor Plans: Full gut and remodeled in 2022. This charming duplex offers two studio units with identical layouts, each designed for efficiency and style. Ideal for students, professionals, or short-term rentals, these units feature modern amenities and easy-to-maintain living spaces. Billboard Lease Income: An additional source of revenue is provided by the on-site billboard lease, adding even more potential for passive income. With its desirable location near CSU Chico, shopping, and grocery stores, this property offers both a steady cash flow and long-term investment potential. Built in 2022 with modern highlights throughout, including stainless steel appliances, quartz countertops, and energy-efficient systems, this property is as stunning as it is functional. Don't miss out on this rare opportunity to own a versatile, high-demand rental property in a thriving area! Key Features: 4 units: 2 x 2-bed, 1-bath and 2 x mirrored studio floor plans. Billboard lease for additional income. Centrally located near CSU Chico, shopping, and dining. High rental demand area with solid cash flow potential. Perfect for investors or those seeking a property with multiple income streams.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,997

TurboHome Estimated Value

$934,400

$360 sqft

High Valuation
$981,120
$378/sqft
Normal Valuation
$934,400
$360/sqft
Low Valuation
$887,680
$342/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$360/sqft$934,400

Neighborhood

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Comparative Value

$645K

$869K

1519 Spruce Ave, Chico, CA 95926

Sale Price: $645,000

Selected Comparable

1122 W Sacramento Ave, Chico, CA 95926

List Price: $869,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1122 W Sacramento Ave, Chico, CA 95926

1122 W Sacramento Ave, Chico, CA 95926

List: $869,000

Listed: 11/22/2024

Area:2,598 sqft
Price/sqft:$334
Beds:1
Baths:1
Year Built:
Lot Size:9,148

Comparable Properties

COMPARABLE
Choose comps
1519 Spruce Ave, Chico, CA 95926

1519 Spruce Ave, Chico, CA 95926

Sale: $645,000

5/5/20251.26 mi

Area:2,800 sqft
Price/sqft:$230
Beds:2
Baths:1
Year Built:
Weight:100.0%

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