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890 E 9th Street

Chico, CA 95928

– beds
– baths
– sqft
~1/2 acre lot
1965 build
– on site

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Fantastic, hard-to-find, and very well-maintained, the "Peppertree Apartments" in Chico, CA, presents an excellent investment opportunity. This well-established complex consists of 17 units, including 16 two-bedroom, one-bath units, and one one-bedroom, one-bath unit. Over the past few years, most units have been thoughtfully updated with vinyl plank flooring, modern ceiling fans, and stylish light fixtures. The apartments feature wall cooling, gas wall heating, and newer dual-pane windows. Recent upgrades also include new countertops in many of the units, refurbished roofing, and an enhanced courtyard. The courtyard is so clean and offers a welcoming space for residents to relax and enjoy. There is convenient on-site parking and off-street parking and a seller-owned on-site laundromat with coin-operated washers and dryers. The complex benefits from high occupancy rates, with units rarely vacant. Conveniently located near the freeway, park, and downtown, one unit is occupied by an on-site manager, with rent credit reflected accordingly.

Listed By CRMLS_CA / MaryAnn Scott / Parkway Real Estate Co. / 530-521-0297

Last checked: Checking… • Last updated Dec 11, 2024 •

MLS# SN24130414 —

The Building

Year Built:

1965
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

11862.00
Building Area Units:

Square Feet
Total Number Of Units:

17
# of Buildings:

1
Foundation:

Slab
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

18
# of Separate Water Meters:

1
# of Separate Electric Meters:

18

Interior

Features:

Ceiling Fan(s), Laminate Counters, Tile Counters
Levels:

Two
Entry Location:

1
Window Features:

Double Pane Windows
Flooring:

Carpet, Vinyl
Room Type:

Kitchen
Number Wall AC:

17
Fireplace:

No
Fireplace:

None
Laundry:

Common Area, Community, Dryer Included, Individual Room, See Remarks, Washer Included
Laundry:

1

Financial & Terms

Disclosures:

Pet Restrictions

Location

Directions:

On NW corner of E. 9th St and Alder
Latitude:

39.73044900
Longitude:

-121.82805300

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Turnkey
Zoning:

R3
Lot Features:

Corner Lot
Lot Size Area:

16553.0000
Lot Size Dimensions:

125 x 134
Lot Size Acres:

0.3800
Lot Size SqFt:

16553.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

None
Fence:

No
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Other Structures:

Storage
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

1
Tax Census Tract:

10.00
Tax Lot:

17

The Listing

Special Listing Conditions:

Standard
Parcel Number:

004447040000

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Oven, Electric Range, Refrigerator
Included:

Yes

The Community

Features:

Curbs, Sidewalks, Street Lights
Inclusions:

Refrigerators, range/ovens, wall coolers, washer and dryer
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Off Street, On Site, Private, Unassigned

Extra Units

Number With Refrigerator:

17

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
11/13/24 Nov 13, 2024	Sold	CRMLS_CA	$1,850,000	-15.9%
10/1/24 Oct 1, 2024	Pending	CRMLS_CA	$2,200,000
9/19/24 Sep 19, 2024	Relisted	CRMLS_CA	$2,200,000

Multifamily Sold on 11/13/2024

$1,850,000

Listing provided by broker:

MaryAnn Scott

Parkway Real Estate Co.

530-521-0297

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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 14:35 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.

890 E 9th Street

Chico, CA 95928