2925 Godman Avenue Chico, CA 95973
About the Property
Great 16 unit apartment complex featuring four separate 4-plexes on one AP number. There are 6 one bedroom units and ten two bedroom units. Rents are currently low for the area, so there is room for immediate rental increase. There are two laundry rooms operable on site with rented machines (owner controls coin collection). Some units have stacking washer/dryer inside unit. Many mature trees on property add beautiful shaded areas and park-like quality. Very quiet neighborhood with good freeway access to HWY 99. Within city of Chico limits and on city sewer. Current owner is adding $30,000 in curb, gutter, sidewalk improvements to subject property. A cash on cash ROI of approx. 10-20% with right financing or by adding self management. Great rental history with many of the tenants having been in the building for multiple years. Each unit has one carport (except unit 15 and 16) and there is ample parking lot (off-street) parking. All units have window AC and wall-heater units. Tenants pay gas, electric and owners pay water, sewer, and garbage.
Property Information
| Size | 18,359 SqFt |
|---|---|
| Price/SqFt | $57 |
| Lot Size | 4.319 Acres |
| Year Built | 1963 |
| Property Type | Residential Income |
| Zoning | r2 |
| Listing Number | SW14018784 |
| Listed | 1/28/2014 |
|---|---|
| Modified | 6/3/2014 |
| Listing Agent | Ryan Call |
| Listing Office | RYAN L. CALL |
| Total Building | 4 |
| Total Units | 16 |
Property Features
- 16
- 16
- 1
- 14.00
- Curbs
- Wall Window
- None
- Vinyl
- 0.00
- 116428.00
- 113000.00
- Wall Heater
- One
- 82905.00
- 33523.00
- 32.00
- None
- Tar/Gravel
- Sewer Connected
- Public
- Freezer
- Refrigerator
- Stucco
- Wood Siding
- Ceiling Fan
- Storage Space
Price History
| Date | From | To | Change |
|---|---|---|---|
| 6/3/2014 | $1,089,000 | $1,049,000 | ($40,000) |
Listed by Ryan Call of RYAN L. CALL. Listing data last updated 6/8/2026 at 6:23 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/3/2014 3:29 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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