Chico, CA 95926 1825 Magnolia Avenue
$620,000
57 more
Presented By: Matt Depa with Re/Max of Chico; 530-896-9300
Beds • 5
Baths • 5
SQFT • 3,717
Year Built • 1960
Home Details
Don’t miss this prime investment opportunity! This distinctive multi-unit property is brimming with potential and ready for the right investor to seize the moment. Ideally located just steps from the heart of the Avenues and in close proximity to Enloe Medical Center, this all-original five-unit gem offers a rare blend of location, charm, and flexibility. With five units thoughtfully distributed across three separate buildings, this property is perfect for a variety of rental strategies. A spacious, shared courtyard serves as a welcoming communal area—ideal for relaxing, gathering, and enjoying the outdoors. Some of the units includes its own in-unit laundry, a convenience that adds major value for tenants and enhances rental appeal. Positioned in a sought-after neighborhood known for steady rental demand, this property promises both immediate income and long-term growth potential. Whether you're looking to update and modernize or maintain its original character, the opportunities here are limitless. Secure your next smart investment today and watch your portfolio thrive!
Presented By: Matt Depa with Re/Max of Chico; 530-896-9300
Interior Features for 1825 Magnolia Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside, SeeRemarks
Total Stories2
Other Rooms
Entry Level1
General for 1825 Magnolia Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces0.0
Carport Y/NNo
CityChico
Community FeaturesUrban
CoolingWallWindowUnits
CountyButte
DirectionsFrom Esplanade turn onto W 9th Ave, left onto Magnolia
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income4923.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense6920.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet9148.0
Lot Size UnitsSquareFeet
MaintenanceExpense5000.0
MobileHomeRemainsYNNo
Net Operating Income36469.0
New ConstructionNo
Number Of Units Total5
Open Parking Spaces0.0
Operating Expense22607.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot4
Taxes$6,820
Tenant PaysElectricity, Gas
Trash Expense1167.0
ViewNeighborhood
Water Sewer Expense1700.0
Year Built1960
Year Built SourceAssessor
ZoningR1
Exterior for 1825 Magnolia Avenue
Building Area Total3717.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard
Lot Size Acres0.21
Lot Size Area9148.0
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesOffStreet
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
