1825 Magnolia Avenue Chico, CA 95926

$620,000 Active

About the Property

Don’t miss this prime investment opportunity! This distinctive multi-unit property is brimming with potential and ready for the right investor to seize the moment. Ideally located just steps from the heart of the Avenues and in close proximity to Enloe Medical Center, this all-original five-unit gem offers a rare blend of location, charm, and flexibility. With five units thoughtfully distributed across three separate buildings, this property is perfect for a variety of rental strategies. A spacious, shared courtyard serves as a welcoming communal area—ideal for relaxing, gathering, and enjoying the outdoors. Some of the units includes its own in-unit laundry, a convenience that adds major value for tenants and enhances rental appeal. Positioned in a sought-after neighborhood known for steady rental demand, this property promises both immediate income and long-term growth potential. Whether you're looking to update and modernize or maintain its original character, the opportunities here are limitless. Secure your next smart investment today and watch your portfolio thrive!

Property Information

Size 3,717 SqFt
Price/SqFt $167
Lot Size 0.21 Acres
Year Built 1960
Property Type Residential Income
Zoning R1
Listing Number SN25106299
Listed 5/13/2025
Modified 5/21/2025
Listing Agent Matt Depa
Listing Office Re/Max of Chico
Total Building 4
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 1
Carport Spaces
  • 0.00
Community Features
  • Urban
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 4923.00
Gross Scheduled Income
  • 59076.00
Heating
  • Wall Furnace
Levels
  • Two
Net Operating Income
  • 36469.00
Operating Expense
  • 22607.00
Pool
  • None
Price Pe rUnit
  • 124000
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 22607.00
Uncovered Spaces
  • 0.00
Views
  • Neighborhood
Water Source
  • Public
Tenant Pays
  • Electricity
  • Gas