- For Sale Subject To Offer
- Property Type Multi-Family
- Property Size 31,000 SF
- Units 44
- Lot Size 2.83 Acre
- Property Tenancy Single Tenant
- Year Built 1961
- Year Renovated 1961
- Date Updated Mar 21, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- 100% Occupancy: This property shines as a beacon of stability with every unit currently occupied, exemplifying its desirability and strong community appeal.
- Untapped Upside: Unleash the full potential of this property by implementing a strategic value-add approach. With thoughtful renovations and modern upgrades, you can maximize rental income and elevate its value to new heights.
- Strategic Location: Situated in a sought-after area, this property benefits from its proximity to essential amenities, public transportation, and major thoroughfares, enhancing its tenant allure and investment viability.
- Diverse Unit Mix: Offering a range of unit types, from cozy studios to spacious two-bedroom layouts, this property caters to a broad demographic, ensuring consistent demand in any market condition.
- Proven Revenue: With its impressive history of reliable rental income, this multifamily gem provides a strong foundation for immediate revenue generation, while promising even greater returns after value-enhancing initiatives.
- Limited Supply: Opportunities of this caliber are exceedingly rare. Discerning investors will recognize the distinct advantage of securing a property that aligns with their portfolio growth objectives.
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Contacts
Location
Getting Around
-
Walk Score ®
58/100
Somewhat Walkable
-
Bike Score ®
77/100
Very Bikeable
- City Chico, CA
- Neighborhood Riverside
- Zip Code 95973
Points of Interest
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Chico
1.86 miles
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Shell
0.14 miles
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Esplanade Gas
0.20 miles
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Arco
0.67 miles
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76
0.73 miles
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Thornton's Chevron and Food Market
0.73 miles
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Speedway
0.79 miles
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Fastrak Gas & Food
1.24 miles
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Safeway Fuel Station
1.31 miles
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Quick Stop #2
1.32 miles
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Food Mart
1.33 miles
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Municipal Parking Lot 5
1.43 miles
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Municipal Parking Lot 2
1.49 miles
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Municipal Parking Lot 1.
1.51 miles
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CSU, Chico Student/Faculty Lot
1.63 miles
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Municipal Building Lot
1.63 miles
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Chico Park And Ride
2.04 miles
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Chico Mall Parking
2.94 miles
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Business Lane Parking
3.02 miles
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Town House Motel
0.18 miles
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Safari Inn - Chico
0.42 miles
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Safari Inn
0.44 miles
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Ramada Plaza Chico
0.52 miles
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Motel 6 Chico
0.54 miles
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Super 8 by Wyndham Chico
0.57 miles
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BEST WESTERN Heritage Inn - Chico
0.57 miles
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Goodman House Bed & Breakfast
0.68 miles
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Regency Inn
0.72 miles
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Hotel Diamond
1.63 miles
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Sushi Burrito King
0.11 miles
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Italian Cottage
0.16 miles
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Big Al's
0.26 miles
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Sin of Cortez
0.27 miles
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Farm Star Pizza
0.36 miles
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Pueblito #2 Mexican Restaurant
0.39 miles
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Kalico Kitchen
0.49 miles
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Taco Bell
0.51 miles
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Denny's
0.52 miles
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Donut Wheel
0.55 miles
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Butte College - Cosmetology & Barbering
0.55 miles
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Fairview High School
0.73 miles
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Citrus Avenue Elementary School
0.79 miles
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Bidwell Junior High School
0.97 miles
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Hooker Oak Elementary School
0.99 miles
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John A. McManus Elementary School
1.10 miles
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Chico Senior High School
1.13 miles
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Neal Dow Elementary School
1.15 miles
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Chico Junior High School
1.29 miles
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University Village
1.36 miles
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Little Sprouts Preschool
2.37 miles
Frequently Asked Questions
The sale price for Riverside Apartments is available upon request. Contact the listing broker for more information.
Riverside Apartments totals 31,000 square feet.
Riverside Apartments was built in 1961.
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