1311 Locust Street Chico, CA 95928

$950,000 Pending

About the Property

Here is a hard to find apartment complex in Chico, made up of 8 Studio Apartments. Most of the units have been renovated over the recent years with new vinyl flooring, new light and plumbing fixtures, newer split unit heat and cool wall units, and newer exterior paint with fresh decorative shake siding. The roof is around 10 years old and is in good condition. The roof over laundry is only 2 years old. All windows were replaced with vinyl dual pane. Laundry on site. Great source of income and a great opportunity for an investor!

Property Information

Size 2,856 SqFt
Price/SqFt $333
Lot Size 0.2 Acres
Year Built 1980
Property Type Residential Income
Zoning R-2
Listing Number SN22166940
Listed 7/29/2022
Modified 8/12/2022
Listing Agent MaryAnn Scott
Listing Office Coldwell Banker C&C Properties
Total Building 1
Total Units 8

Property Features

# Electric Meters
  • 8
# Gas Meters
  • 8
# Water Meters
  • 1
Construction Materials
  • Stucco
Cooling
  • Wall/Window Unit(s)
Fencing
  • Average Condition
Fireplace
  • Kitchen
Garage Spaces
  • 0.00
Gross Income
  • 78300.00
Gross Operating Income
  • 76734.00
Gross Scheduled Income
  • 78300.00
Heating
  • Electric
Levels
  • Two
Net Operating Income
  • 51459.00
Operating Expense
  • 25275.00
Pool
  • None
Price Pe rUnit
  • 118750
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 25275.00
Water Source
  • Public
Community Features
  • Curbs
  • Gutters
Flooring
  • Laminate
  • Vinyl
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected