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550 E 9th Street

Chico, CA 95928

– beds
– baths
– sqft
11,326 sqft lot
1963 build
– on site

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Prime investment opportunity with amazing cashflow potential!!! Welcome to your next lucrative investment venture! Nestled in a prime location just minutes away from downtown and the lower park, this apartment complex presents an unparalleled opportunity for savvy investors. This expansive property boasts a total of 10 bedrooms and 9 bathrooms, offering ample space and flexibility for tenants. Comprised of eight 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, this complex caters to a variety of tenant needs, ensuring consistent occupancy and rental income. Residents will appreciate the convenience of shared laundry facilities on-site, enhancing the overall appeal and functionality of the property. With its strategic location and desirable unit mix, this investment property promises substantial cashflow potential, making it an attractive addition to any investment portfolio. Situated just minutes away from downtown amenities and the lower park, tenants enjoy easy access to shopping, dining, entertainment, and outdoor recreational activities, enhancing the property's desirability and marketability. Don't miss out on this incredible opportunity to capitalize on strong rental demand in a sought-after location

Listed By CRMLS_CA / Elizabeth Young / Parkway Real Estate Co. / 5302822038

Last checked: Checking… • Last updated Jul 26, 2024 •

MLS# SN24104431 —

The Building

Year Built:

1963
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4916.00
Building Area Units:

Square Feet
Total Number Of Units:

9
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

9
# of Separate Water Meters:

9
# of Separate Electric Meters:

9

Interior

Entry Location:

Front
Laundry:

Dryer Included, Individual Room
Laundry:

1

Location

Directions:

Park Ave to E. Ninth St

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

R3
Lot Features:

6-10 Units/Acre
Lot Size Area:

11326.0000
Lot Size Acres:

0.2600
Lot Size SqFt:

11326.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

J
Tax Census Tract:

10.00
Tax Lot:

5,6

The Listing

Special Listing Conditions:

Standard
Parcel Number:

004441009000

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Biking, Park, Sidewalks, Urban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Paved
Parking Spaces:

5.00
Uncovered Spaces:

5.00

Extra Units

Average 1 Bed Area:

500

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/24/24 Jul 24, 2024	Sold	CRMLS_CA	$860,000	-4.4%
7/22/24 Jul 22, 2024	Sold Subject To Contingencies	CRMLS_CA	$900,000
6/9/24 Jun 9, 2024	Pending	CRMLS_CA	$900,000

Multifamily Sold on 7/24/2024

$860,000

Listing provided by broker:

Elizabeth Young

Parkway Real Estate Co.

5302822038

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Listing Courtesy of: CRMLS_CA and Parkway Real Estate Co.. Based on information from California Regional Multiple Listing Service, Inc. as of 15:46 on Dec 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

550 E 9th Street

Chico, CA 95928