348 W Sacramento Avenue Chico, CA 95926

$2,900,000 Closed

About the Property

Please Note: This property has been SOLD

Don’t hesitate to act on this solid income-producing asset! Jack Scott Apartments, a 20 unit multifamily property located in the highly desirable heart of Chico, CA. Built in 1965, this property was renovated with new roofing, exterior paint, lighting and energy efficient windows throughout. It features 20 one-bedroom, one-bathroom units that offer updated kitchens and bathrooms. The property consists of two, two story buildings with stucco exteriors arranged in parallel to create a charming community that offers a gated courtyard, onsite laundry, and off-street parking for residents. It’s located within immediate walking distance to Chico High School, California State University, Chico and all the parks, shopping and restaurants our lovely downtown has to offer.

Property Information

Size 9,700 SqFt
Price/SqFt $299
Lot Size 0.4 Acres
Year Built 1965
Property Type Residential Income
Zoning R3
Listing Number SN22090227
Listed 5/5/2022
Modified 8/18/2022
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 2
Total Units 20

Property Features

# Electric Meters
  • 22
# Gas Meters
  • 22
# Water Meters
  • 1
Community Features
  • Sidewalks
  • Wall/Window Unit(s)
  • None
Garage Spaces
  • 0.00
Gross Income
  • 22070.00
Gross Scheduled Income
  • 273461.00
  • Wall Furnace
  • Two
Net Operating Income
  • 140150.00
Operating Expense
  • 128014.00
Parking Total
  • 20.00
  • None
Price Pe rUnit
  • 145000
  • Public Sewer
Total Expenses
  • 128014.00
Water Source
  • Public