765 Humboldt Ave
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765 Humboldt Ave
6 Unit Apartment Building $1,296,985 CAD ($216,164 CAD/Unit) 5.54% Cap Rate Chico, CA 95928
Executive Summary
The DeLoney Group at Marcus & Millichap is pleased to present 765 Humboldt Ave. a 100% renovated 6-unit apartment community nestled East of Downtown Chico, CA. The community features Five One Bedroom / One Bathroom and One detached Two Bedroom / One Bathroom units.
Current ownership completed renovations of all 6 units in 2024. Typical renovations include LVP flooring, new appliances, and refinished bathrooms. The property also went under extensive exterior renovation with new paint, new windows, newer roof, and minimal landscape design.
The offering represents an opportunity to purchase a fully renovated, stable, and easy management income property located in the highly sought after Chico market. Chico State (Roughly 14,000 students) is located just 1.2 miles from the subject property and is a main economic driver for the City along with healthcare and surrounding agriculture employment that keeps the local economy strong. Main Street in Downtown is a short 10-minute walk from the property and close to all the amenities that Chico has to offer.
Please do not disturb the tenants. All tours must be scheduled through the listing team.
Current ownership completed renovations of all 6 units in 2024. Typical renovations include LVP flooring, new appliances, and refinished bathrooms. The property also went under extensive exterior renovation with new paint, new windows, newer roof, and minimal landscape design.
The offering represents an opportunity to purchase a fully renovated, stable, and easy management income property located in the highly sought after Chico market. Chico State (Roughly 14,000 students) is located just 1.2 miles from the subject property and is a main economic driver for the City along with healthcare and surrounding agriculture employment that keeps the local economy strong. Main Street in Downtown is a short 10-minute walk from the property and close to all the amenities that Chico has to offer.
Please do not disturb the tenants. All tours must be scheduled through the listing team.
Property Facts
| Price | $1,296,985 CAD | Building Class | C |
| Price Per Unit | $216,164 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 8,146 SF |
| Cap Rate | 5.54% | Average Occupancy | 35% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1885/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.98/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $1,296,985 CAD |
| Price Per Unit | $216,164 CAD |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,146 SF |
| Average Occupancy | 35% |
| No. Stories | 2 |
| Year Built/Renovated | 1885/2024 |
| Parking Ratio | 0.98/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Yard
- Vinyl Flooring
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
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Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 004-450-009-000 | Improvements Assessment | $259,204 CAD |
| Land Assessment | $111,606 CAD | Total Assessment | $370,810 CAD |
PROPERTY TAXES
Parcel Number
004-450-009-000
Land Assessment
$111,606 CAD
Improvements Assessment
$259,204 CAD
Total Assessment
$370,810 CAD
zoning
| Zoning Code | R3 |
| R3 |
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765 Humboldt Ave
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