Chico, CA 95926,931 W. East AVE
Chico, CA 95926,931 W. East AVE
Chico, CA 95926,931 W. East AVE
$2,575,000
Est. payment /mo
0.75 Acres Lot

UPDATED:

Key Details

Sold Price $2,575,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SN24132093

Sold Date 02/04/25

HOA Y/N No

Year Built 1980

Lot Size 0.750 Acres

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County Butte

Zoning R4

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 042070165000

Acceptable Financing Owner Will Carry

Listing Terms Owner Will Carry

Financing Conventional

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Spencer Moyer • Alive Commercial Real Estate • 8589224181
Bought with Nabil Awada • Matthews Real Estate Investment Services

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agent

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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