1340 W 4th Street Chico, CA 95928

$1,325,000 Active

About the Property

Prime Quadplex Near Chico State – Updated & Fully Leased This meticulously renovated quadplex offers four spacious 4-bedroom, 2-bathroom units, featuring granite countertops, wood plank style flooring and each featuring in-unit laundry facilities, making it an ideal investment opportunity in the heart of Chico. Situated just minutes from California State University, Chico, ensuring high demand from students. This location is also close to bus stops and a short distance to restaurants, shopping, and convenience stores. All units are currently leased, offering immediate rental income. This quadplex combines modern living with a strategic location, making it a must-see for investors seeking a reliable income-generating property.

Property Information

Size 5,600 SqFt
Price/SqFt $237
Lot Size 0.28 Acres
Year Built 1991
Property Type Residential Income
Zoning R3
Listing Number SN25097026
Listed 5/2/2025
Modified 5/9/2025
Listing Agent Suzanne Peters
Listing Office EXP Realty of Northern California, Inc.
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 4
Garage Spaces
  • 0.00
Gross Income
  • 91480.00
Gross Scheduled Income
  • 91480.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 60318.80
Operating Expense
  • 31162.00
Pool
  • None
Price Pe rUnit
  • 331250
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 31162.00
Water Source
  • Public
Community Features
  • Biking
  • Fishing
  • Golf
  • Hiking
  • Park