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Sold for $2,575,000 on 02/04/25
  • Listing Provided by: 

    Spencer Moyer DRE #01940191 8589224181,

    Alive Commercial Real Estate

    $2,575,000

    931 East Ave, Chico, CA 95926

    --beds
    --baths
    14,900sqft
    Mixed Use
    Built in 1980
    -- sqft lot
    $2,596,500 Zestimate®
    $173/sqft
    $1,429 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: February 06, 2025 at 09:45am

    Listing Provided by:

    Spencer Moyer DRE #01940191 8589224181,

    Alive Commercial Real Estate

    Bought with:

    Nabil Awada, DRE #02046840

    Matthews Real Estate Investment Services

    Source: CRMLS,MLS#: SN24132093MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 14,900
    • Total interior livable area: 14,900 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 0.75 Acres
    • Features: 21-25 Units/Acre
    Details
    • Parcel number: 042070165000
    • Zoning: R4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: Chico

    Other

    Other facts
    • Listing terms: Owner Will Carry
    Services availability