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765 Humboldt Ave

6 Unit Apartment Building $915,000 ($152,500/Unit) 5.54% Cap Rate Chico, CA 95928

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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.

765 Humboldt Ave. Chico, CA - OM

Property Facts

Price	$915,000	Building Class	C
Price Per Unit	$152,500	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 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.

Price	$915,000
Price Per Unit	$152,500
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 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.