931 W. East Avenue Chico, CA 95926

$2,695,000 Pending

About the Property

Compass Point Apartments is a well-maintained 20-unit multifamily property located in the charming town of Chico, CA. This complex comprises sixteen one-bedroom, one-bathroom units, and four two-bedroom, one-bathroom units, with spacious layouts of 725 and 825 square feet, respectively. Tenants at Compass Point enjoy a "homey" atmosphere within this low-density, colonial-style community. The current owner has invested hundreds of thousands of dollars over the past 20 years, resulting in a 'pride of ownership' property with many interior/exterior upgrades throughout. This offers the next investor the opportunity to bring rents to market rates and achieve a healthy return.

Property Information

Size 14,900 SqFt
Price/SqFt $181
Lot Size 0.75 Acres
Year Built 1980
Property Type Residential Income
Zoning R4
Listing Number SN24132093
Listed 6/26/2024
Modified 9/11/2024
Listing Agent Spencer Moyer
Listing Office Alive Commercial Real Estate
Total Building 2
Total Units 20

Property Features

# Electric Meters
  • 20
# Gas Meters
  • 20
# Water Meters
  • 1
Community Features
  • Suburban
Garage Spaces
  • 0.00
Gross Income
  • 237707.00
Gross Operating Income
  • 228807.00
Gross Scheduled Income
  • 235884.00
Levels
  • Two
Net Operating Income
  • 139670.00
Operating Expense
  • 98037.00
Pool
  • None
Price Pe rUnit
  • 134750
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 98037.00
Water Source
  • Public