Don’t miss this prime investment opportunity! This distinctive multi-unit property is brimming with potential and ready for the right investor to seize the moment. Ideally located just steps from the heart of the Avenues and in close proximity to Enloe Medical Center, this all-original five-unit gem offers a rare blend of location, charm, and flexibility. With five units thoughtfully distributed across three separate buildings, this property is perfect for a variety of rental strategies. A spacious, shared courtyard serves as a welcoming communal area—ideal for relaxing, gathering, and enjoying the outdoors. Some of the units includes its own in-unit laundry, a convenience that adds major value for tenants and enhances rental appeal. Positioned in a sought-after neighborhood known for steady rental demand, this property promises both immediate income and long-term growth potential. Whether you're looking to update and modernize or maintain its original character, the opportunities here are limitless. Secure your next smart investment today and watch your portfolio thrive!
For sale
Listing Provided by:
Matt Depa DRE #01861484 530-896-9300,
Re/Max of Chico
Price cut: $21K (6/24)
$599,000
1825 Magnolia Ave, Chico, CA 95926
5beds
5baths
3,717sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$161/sqft
$-- HOA
What's special
Spacious shared courtyardIn-unit laundry
- 84 days
- on Zillow |
- 286 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 10:31am
Listing Provided by:
Matt Depa DRE #01861484 530-896-9300,
Re/Max of Chico
Source: CRMLS,MLS#: SN25106299
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Rooms
- Room types: Kitchen, Living Room
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Inside, See Remarks
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,717
- Total interior livable area: 3,717 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 9,148 Square Feet
- Features: Back Yard
Details
- Parcel number: 003613009000
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Chico
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $338,162
- Annual tax amount: $5,985
- Date on market: 5/14/2025
- Listing terms: Cash,Cash to New Loan
- Tenant pays: Electricity, Gas
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