642 W 1st Avenue

Chico, CA 95926

  • 0 Bed(s)
  • 0 Bath(s)
  • 11,200 Sqft
  • 19602
    Sqft(Lot)
$1,760,000

Description

College place | 642 w. 1st avenue | prime chico multi-family investment opportunity

harris commercial is pleased to present college place, an exceptional 8-unit multi-family investment opportunity located at 642 w. 1st avenue in chico, california. ideally situated within walking distance to both california state university, chico and downtown chico, this property offers strong existing income, long-term upside, and an unbeatable location.

college place consists of two buildings, each with four large, townhouse-style apartments, all fully leased and 100% occupied. each 4-bedroom, 2-bath unit is thoughtfully laid out with a downstairs bedroom, bathroom, kitchen, and living area, and three bedrooms and a second bathroom upstairs—a layout perfectly suited for student and group living.

one of the units has been completely remodeled, commanding rents approximately 8% higher than the others, providing a clear value-add opportunity for future ownership.



additional highlights include:



- individually metered for electric, gas, and water – a rare and valuable feature that shifts utility costs to tenants

- connected to city sewer and full municipal services

- private fenced patios for each unit

- low-maintenance, professionally redesigned landscaping to minimize ongoing expenses

- fenced common rear yard with bike racks and bbq area

- professionally managed for many years with stable operations and low vacancy



with a desirable unit mix, separate utility metering, professional management, and premium walkability, college place offers a rare opportunity to acquire a high-performing, easy-to-operate asset in one of chico’s most sought-after rental markets.

  • Property Type

    Residential Income

  • County

    Butte

  • Style

    Residential Income

  • AD ID

    50371635

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition
    • Fireplace: None

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1984
    • Building Area Total: 11,200
    • Construction: Plaster,Stucco,Vinyl Siding
    • Roof: Composition

    Foundation

    • Slab

    Pool Features

    • None

    Laundry Features

    • Inside

    Fencing

    • Chain Link

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.45
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 19602

  • Listing Price Information

    • Original List Price: 1,760,000
    • Listing Contract Date: 2025-07-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 043170024000

  • Garage and Parking

    • Garage Description: Concrete

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood:
    • Postal Code Plus 4: 8012
    • Directions: West on W. 1st Avenue from Warner Street, property on right
    • Zoning: CITY
    • Source Property Type: Residential Income
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 41
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Between buildings
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/26/2025 @ 04:23

  • MLS: SN25136861
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 11,200 sqft, 19,602 sized lot, and 0 parking. are nearby neighborhoods.