931 W East Avenue Chico, CA 95926
About the Property
We are pleased to present the Compass Point Apartments. This is a stabilized 20-unit multifamily community located in the charming town of Chico, CA. Built in 1980, this low-density, colonial-style community offers a "homey" atmosphere that appeals to a consistent tenant base. The property features a well-maintained unit mix consisting of sixteen 1-bedroom/1-bathroom units (725 SF) and four 2-bedroom/1-bathroom units (825 SF).Extensively renovated and meticulously maintained, this asset reflects a comprehensive overhaul of both the building's systems and aesthetics. With the heavy capital expenditures already behind it, the property offers a turnkey opportunity to push rents to market rates without the need for additional Day 1 investment. Nestled in the northern Sacramento Valley, Chico is the largest city in Butte County and serves as a vibrant hub for education, recreation, and culture. The city is famously home to California State University, Chico, which infuses the area with youthful energy and academic vigor.Outdoor enthusiasts are drawn to Bidwell Park, one of the largest municipal parks in the United States, featuring over 3,600 acres of trails, creeks, and swimming holes. The historic downtown area further enhances the local lifestyle with an eclectic mix of boutiques, eateries, and cultural landmarks. With average single-family home prices exceeding $500,000, Compass Point provides an essential high-quality housing alternative in a high-barrier-to-entry market.
Property Information
| Size | 14,899 SqFt |
|---|---|
| Price/SqFt | $188 |
| Lot Size | 0.75 Acres |
| Year Built | 1980 |
| Property Type | Residential Income |
| Zoning | R4 |
| Listing Number | 26668345 |
| Listed | 3/23/2026 |
|---|---|
| Modified | 5/4/2026 |
| Listing Agent | Nabil Awada |
| Listing Office | Matthews Real Estate Investment Services |
| Total Building | 2 |
| Total Units | 20 |
Property Features
- 20
- 20
- Refrigerator
- 5.94
- 1474.00
- 257055.00
- Two
- 166070.00
- 30.00
- 2
- 90985.00
- Gas
- Electricity
Price History
| Date | From | To | Change |
|---|---|---|---|
| 4/27/2026 | $2,875,000 | $2,795,000 | ($80,000) |
Listed by Nabil Awada of Matthews Real Estate Investment Services. Listing data last updated 5/9/2026 at 11:31 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/4/2026 10:37 AM. 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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