117 W 21st St Chico, CA 95928

$659,000 Active

About the Property

Excellent Investment opportunity. Six-units, nearly identical, 1 bed, 1 bath, approximately 600 sq ft apartments. Two buildings. One with 4 units built in 1972 (new roof in May 2025) & 2nd building with 2 units built in 1990 (new roof in Oct 2021). Pest clearance. These well maintained units have wall heat, wall A/C, functional open floor plans and semi-private patios. Detached laundry room with lease washer & dryer (new roof in May 2025). 10 off-street parking spaces. Steady income & minimal vacancies over the past 20 years. Rents are below market. New fenced enclosure in the process of being built to accommodate the new requirements for trash, recycling, & food waste. Interior photos are from unit 3 and unit 6 during most recent turnovers in December and October of 2023.

Property Information

Size 3,600 SqFt
Price/SqFt $183
Lot Size 0.33 Acres
Year Built 1972
Property Type Residential Income
Listing Number SN25231068
Listed 10/2/2025
Modified 10/2/2025
Listing Agent Darin Wilson
Listing Office Darin Wilson, Broker
Total Building 2
Total Units 6

Property Features

# Electric Meters
  • 6
# Gas Meters
  • 6
# Units Leased
  • 6
Cooling
  • Wall/Window Unit(s)
Fencing
  • Wood
Flooring
  • Carpet
Garage Spaces
  • 0.00
Gross Income
  • 59400.00
Gross Scheduled Income
  • 59400.00
Levels
  • One
Net Operating Income
  • 47663.00
Operating Expense
  • 11737.00
Other Structures
  • Outbuilding
Parking Total
  • 10.00
Pool
  • None
Price Pe rUnit
  • 109833
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Style
  • Ranch
Total Actual Rent
  • 59400.00
Total Expenses
  • 11737.00
Uncovered Spaces
  • 10.00
Views
  • Neighborhood
Water Source
  • Public
Electric
  • Electricity - On Property
  • Standard
Heating
  • Natural Gas
  • Wall Furnace
Interior
  • Ceiling Fan(s)
  • Open Floorplan
Fireplace
  • Kitchen
  • Living Room
  • Patio
Community Features
  • Curbs
  • Sidewalks
  • Storm Drains
  • Street Lights
Construction Materials
  • Drywall Walls
  • Frame
  • Stucco
  • Wood Siding
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Telephone
Appliances
  • Electric Oven
  • Electric Range
  • Disposal
  • Refrigerator
  • Water Heater
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Water Connected