818 Chestnut Street Chico, CA 95928

$825,000 Pending

About the Property

The 4-Plex Investment You’ve Been Waiting For! Perfectly positioned in a prime Chico location near Downtown, CSU Chico, and a variety of local shops, restaurants, and entertainment, this property offers four well-appointed units, each designed to attract quality tenants and provide reliable income potential. Whether you’re looking to grow your real estate portfolio or secure a property that delivers both equity growth and steady rental returns, this is an opportunity you won’t want to pass up. The front building features two charming 1-bedroom, 1-bathroom units, each boasting tile flooring, nicely designed kitchens, and a layout that offers everything tenants need for comfortable daily living. These units are perfect for tenants seeking a convenient location near the heart of the city. Unit 3 offers 2 bedrooms and 2 bathrooms, ideal for tenants who appreciate extra space. Unit 4 features 2 bedrooms and 1 bathroom and has been built in the last two years with modern fixtures, stylish finishes, and an inviting kitchen that makes meal prep a pleasure. Throughout the units, you’ll find laminate floors for easy maintenance, separate indoor laundry areas, ceiling fans for year-round comfort, spacious bedrooms, and off-street parking for added convenience. With its unbeatable location, attractive interiors, and diverse unit mix, this property stands out as a smart investment with long-term potential.

Property Information

Size 2,720 SqFt
Price/SqFt $303
Lot Size 0.2 Acres
Year Built 1902
Property Type Residential Income
Zoning R3
Listing Number SN25180679
Listed 8/11/2025
Modified 8/17/2025
Listing Agent Matt Depa
Listing Office Re/Max of Chico
Total Building 3
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 1
Community Features
  • Sidewalks
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 5465.00
Gross Scheduled Income
  • 67500.00
Interior
  • Ceiling Fan(s)
Levels
  • One
Net Operating Income
  • 52152.00
Operating Expense
  • 15348.00
Pool
  • None
Price Pe rUnit
  • 206250
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Actual Rent
  • 5465.00
Total Expenses
  • 15348.00
Uncovered Spaces
  • 0.00
Views
  • Neighborhood
Water Source
  • Public
Cooling
  • Ductless
  • Wall/Window Unit(s)
Flooring
  • Carpet
  • Laminate
Heating
  • Ductless
  • Wall Furnace
Appliances
  • Dishwasher
  • Electric Range
  • Gas Range