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541 W 5th St

28 Unit Apartment Building $1,248,761 CAD ($44,599 CAD/Unit) 6.18% Cap Rate Chico, CA 95928

Apartment Buildings California Chico 541 W 5th St, Chico, CA 95928

Investment Highlights

  • Downtown Chico, near Chico State University
  • Low vacancy rate
  • Several long term tenants

Executive Summary

7-unit property in the vibrant heart of downtown Chico! This historic multi-family residence offers prime access to the city's bustling dining, shopping, and entertainment and is just blocks away from Chico State University—an ideal location for those seeking convenience and connection to all that downtown has to offer. Several long-term tenants have called this property home for years, making it an excellent investment opportunity. Don’t miss out on this rare chance to own a prime income property in downtown Chico!

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,248,761 CAD Apartment Style Low Rise
Price Per Unit $44,599 CAD Building Class C
Sale Type Investment Lot Size 0.13 AC
Cap Rate 6.18% Building Size 3,130 SF
Gross Rent Multiplier 10.83 No. Stories 2
No. Units 28 Year Built 1930
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Apartment
Price $1,248,761 CAD
Price Per Unit $44,599 CAD
Sale Type Investment
Cap Rate 6.18%
Gross Rent Multiplier 10.83
No. Units 28
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.13 AC
Building Size 3,130 SF
No. Stories 2
Year Built 1930
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Heating
  • Kitchen
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,352 CAD -
1+1 2 $1,352 CAD -
1+1 3 $1,405 CAD -
2+1 4 $1,608 CAD -
2+1 5 $1,608 CAD -
1+1 6 $1,545 CAD -
Studios 7 $1,054 CAD -
1 of 1
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 004-213-002-000 Total Assessment $1,211,149 CAD (2023)
Land Assessment $291,975 CAD (2023) Annual Taxes -$1 CAD ($0.00 CAD/SF)
Improvements Assessment $919,174 CAD (2023) Tax Year 2024

PROPERTY TAXES

Parcel Number
004-213-002-000
Land Assessment
$291,975 CAD (2023)
Improvements Assessment
$919,174 CAD (2023)
Total Assessment
$1,211,149 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024

zoning

Zoning Code R3
R3
(530) 518-1413

  • Listing ID: 33939901

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 541 W 5th St, Chico, CA 95928

The Downtown Chico Multifamily Property at 541 W 5th St, Chico, CA 95928 is currently available. Contact Re/Max of Chico for more information.

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541 W 5th St
(530) 518-1413 x

541 W 5th St

Shane Collins

(530) 518-1413

(530) 518-1413

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