811 W 2nd Chico, CA 95926

$1,375,000 Active

About the Property

811 West 2nd Avenue is an eight-unit apartment complex ideally located in the heart of Chico, just two blocks from Chico State University, the Safeway Shopping Center, and nearby restaurants. This prime location makes the property highly attractive to students, faculty, and commuters to campus, while still being only a few miles from downtown Chico. The complex consists of six two-story four-bedroom, two-bath units along with two studio units, providing a desirable unit mix and strong rental demand. The property offers off-street parking and is centrally located, allowing easy access to shopping, dining, public transportation, and major corridors throughout Chico. Several units have received recent updates, offering additional upside potential for future improvements and rent growth. This property presents a solid investment opportunity in a consistently strong rental market near the university.

Property Information

Size 9,125 SqFt
Price/SqFt $151
Lot Size 0.51 Acres
Year Built 1984
Property Type Residential Income
Listing Number SN25278121
Listed 12/18/2025
Modified 12/18/2025
Listing Agent Rick Sufuentes
Listing Office Parkway Real Estate Co.
Total Building 2
Total Units 8

Property Features

# Electric Meters
  • 7
# Gas Meters
  • 7
# Water Meters
  • 1
Community Features
  • Urban
Garage Spaces
  • 0.00
Gross Income
  • 118275.00
Gross Scheduled Income
  • 118275.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 76561.00
Operating Expense
  • 41714.00
Pool
  • None
Price Pe rUnit
  • 171875
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 41714.00
Water Source
  • Public