1120 Esplanade Chico, CA 95926

$2,760,000 Active

About the Property

OPPORTUNITY KNOCKS! First time on the market in over 25 years! This 2 story, 24 unit apartment complex is a classic charmer, centrally located in the Heart of Chico. As you enter the central courtyard, it is like walking into an oasis, with its' sparkling swimming pool, wrap around balconies, and lush mature landscaping. Situated within walking distance to Chico State University, Downtown, and Chico High School, the Subject Property is also close to public transportation, and has easy freeway access. With a strong rental history, balanced tenant mix, and stabilized market rents, it makes this a great investment opportunity.

Property Information

Size 15,805 SqFt
Price/SqFt $175
Lot Size 0.65 Acres
Year Built 1962
Property Type Residential Income
Listing Number SN26142170
Listed 6/30/2026
Modified 7/1/2026
Listing Agent Shawn Smith
Listing Office Commercial Brokers of California
Total Building 1
Total Units 24

Property Features

# Electric Meters
  • 25
# Gas Meters
  • 25
# Units Leased
  • 23
# Water Meters
  • 1
Garage Spaces
  • 0.00
Gross Income
  • 318720.00
Gross Scheduled Income
  • 318726.00
Levels
  • Two
Net Operating Income
  • 157843.00
Operating Expense
  • 144941.00
Price Pe rUnit
  • 115000
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 144941.00
Water Source
  • Public
Pool
  • Fenced
  • Community
Community Features
  • Gutters
  • Curbs
  • Sidewalks