765 Humboldt Avenue Chico, CA 95928

$622,500 Closed

About the Property

Please Note: This property has been SOLD

Welcome to 765 Humboldt Ave. This is your opportunity to own an exceptional 6-unit property located only a short distance from Downtown Chico and Bidwell Park. Backing up to Little Chico Creek, this prime real estate gem offers the perfect blend of convenience, comfort, and potential, making it an ideal prospect for investors looking to expand their portfolios. The main building on this property consists of 4 cozy one-bedroom units and 1 studio unit. The back building hosts a separate one-bedroom unit, offering a little more privacy. Plenty of on-site and street parking is available. Separate gas/electric meters ensure a hassle-free billing system for the tenants. The basement of the main building hosts separate water heaters for each unit, allowing for quick and efficient maintenance. Recent improvements to the property consist of new exterior paint on the front and side of the main building and some new exterior siding. Whole house and pest inspections are listed on file. Don't miss out on this rare 6-unit investment property in a prime location.

Property Information

Size 2,691 SqFt
Price/SqFt $231
Lot Size 0.23 Acres
Year Built 1885
Property Type Residential Income
Zoning R3
Listing Number SN23125549
Listed 7/14/2023
Modified 10/27/2023
Listing Agent Chenoa Rivera
Listing Office Keller Williams Realty Chico Area
Total Building 2
Total Units 6

Property Features

# Electric Meters
  • 6
# Gas Meters
  • 6
# Water Meters
  • 1
  • Electric
  • Wood
Garage Spaces
  • 0.00
Gross Income
  • 50880.00
Gross Scheduled Income
  • 50880.00
  • Wall Furnace
  • Built-in Features
  • Two
Net Operating Income
  • 42094.00
Operating Expense
  • 8786.00
Parking Total
  • 8.00
  • None
Price Pe rUnit
  • 116500
  • Public Sewer
  • 2
Total Expenses
  • 8786.00
  • Neighborhood
Water Source
  • Public
Community Features
  • Biking
  • Hiking
Tenant Pays
  • Electricity
  • Gas
  • Carpet
  • Laminate
  • Wood
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected