The Urban 1033 W 5th St

ALIVE Commercial Real Estate is excited to present the Urban, a boutique student housing community featuring 36 townhouse-style units, conveniently located within walking distance of California State University, Chico. Completed in 2018, the opportunity consists of 108 beds with unique 3-bedroom, 3-bathroom floor plans, showcasing modern finishes and exceptional amenities. Additionally, the Urban is a secure gated community with remote digital entry, offering 47 off street parking spaces. Each unit is equipped with stainless-steel kitchen appliances, quartz countertops, contemporary lighting fixtures, and in-unit washer/dryers. Residents also enjoy access to gaming arcades and monthly maid service for common areas, including bathrooms and the outdoor pool and spa. The Urban's appealing proximity—just 0.3 miles from campus—combined with its stylish finishes and desirable amenities, make it a sought-after choice for students. This property presents a unique opportunity for savvy investors to acquire a best-in-class, non-institutional student housing asset constructed in 2018. The Urban stands out in a market characterized by a sluggish pipeline for purpose-built student housing (PBSH), with no new inventory currently underway. These favorable supply-and-demand dynamics suggest strong long-term rent growth and stability, along with minimal anticipated capital expenditures in the near future.