1991 Humboldt Road Chico, CA 95928

$8,200,000 Active

About the Property

MAJOR PRICE ADJUSTMENT OF OVER $500,000 TO ENHANCE BUYER ROI. Now priced well below replacement cost. Turn-key complex with stabilized occupancy and immediate cash flow with maximum tax benefits. Great opportunity to own a recently constructed apartment complex in southeast Chico. The complex is gated and has a pool and clubhouse. It is conveniently located near transportation arteries and the bike path along Little Chico Creek. The rear of one building and the patios and balconies look over the creek. The complex also has owned solar. The unit sizes are large: 1/1 units @t 816 to 850 SF; 2/2.5 units @ 1,050 SF; and 3/2.5 @ 1,451 SF. This investment grade property would work well for and 1031 exchange investor or one wanting to build wealth through apartment ownership. Pro forma income and expense information shown. Call or email for more information or for access.

Property Information

Size 30,884 SqFt
Price/SqFt $284
Lot Size 1.4 Acres
Year Built 2023
Property Type Residential Income
Listing Number SN26027768
Listed 2/6/2026
Modified 4/3/2026
Listing Agent Scott Hamm
Listing Office Scott Hamm Realty
Total Building 3
Total Units 30

Property Features

# Electric Meters
  • 30
# Gas Meters
  • 30
# Water Meters
  • 1
Cap Rate
  • 5.65
Garage Spaces
  • 0.00
Gross Income
  • 14400.00
Gross Scheduled Income
  • 696000.00
Heating
  • Solar
Levels
  • Two
Net Operating Income
  • 463136.00
Operating Expense
  • 198064.00
Parking Total
  • 62.00
Price Pe rUnit
  • 273333
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 198064.00
Uncovered Spaces
  • 62.00
Water Source
  • Public
Community Features
  • Biking
  • Dog Park
Pool
  • In Ground
  • Fenced
  • Community

Price History

Date From To Change
4/3/2026 $8,775,000 $8,200,000 ($575,000)