Cap Rate
5.58%
$ per SF
$193
931-939 W East Ave, Chico, CA, 95926
Compass Point Apartments$2,875,000
Key Information
Tot. SF
14,899
Lot Size
0.75 Acres
Units
20
Year Built
1980
Type
Apartments
NOI
$160,513
Highlights
- Stabilized Asset: 20-unit multifamily community in Chico, CA with consistent tenant base.
- Desirable Property Style: Low-density, colonial-style property offers a ‘homey’ atmosphere.
- Value-Add Potential: Immediate opportunity to bring rents to market rates without major capital infusion.
- High-Barrier Market: Chico features average home prices exceeding $500,000, supporting rental demand.
- Prime Location: Near California State University, Chico and Bidwell Park, attracting students and professionals.
- Essential Housing: Provides high-quality rental alternative in a supply-constrained market.
- Pride of Ownership: Built in 1980, the property shows exceptional maintenance and care.
Photos
Location
Agents
N
Nabil AwadaLicense # 02046840 (CA)
Broker of Record
David Harrington
License # 02168060, 01320460 (CA)Matthews Real Estate Investment Services, Inc2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245