Sold

E Rancheria Dr, Chico, CA 95926

Sqft
3,604

View property features, location on map, relevant school information and overview from seller's agent.

Listed byNex Gen Real Estate
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Overview

Well-maintained 4-unit investment property located just minutes from Chico State University, offering strong income history and excellent long-term upside. Each unit features a functional layout with consistent tenant demand in a highly desirable rental pocket near campus, shopping, and public transportation. The property has an ability to generate $6,000+/month in rental income, making it an attractive opportunity for both seasoned investors and owner-occupants looking to offset living expenses. With a projected cap rate of approximately 7.2%, this asset delivers solid cash flow with potential for future rent growth. Situated in a prime location known for stable occupancy and high rental demand, this property presents a rare opportunity to acquire a performing multifamily asset in the Chico market. Ideal for investors seeking immediate income with additional upside potential. Buyer to verify all information including income, expenses, and property details.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Square feet
3,604
Lot size (acres)
0.21
Year built
1971

Interior features

Laundry
Other

Exterior features

Horse amenities
Stable

Utilities

Heating
Central
Cooling
Window Units, Central Air, Ceiling Fans
Sewer
Septic System
Water
Public Water

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bay Area Real Estate Information Services MLS®#: 226040537 Last checked:

Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Copyright 2026 Bay Area Real Estate Information Services, Inc. All rights reserved.