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1431-1435 Warner St
Chico, CA 95926
The Grand Apartments · Multifamily Property For Sale
·
50 Units
Investment Highlights
- 6.37% Current CAP Rate.
- 28 of 50 Units Renovated With Laminate Plank Flooring, Painted Cabinetry, Bathroom Vanity/Tub- Surrounds and Fixtures Throughout.
- Significant Capital Improvements Over the Last Four Years, Including a New Roof and 25 New HVAC Units.
- Pro Forma 7.76% Stabilized CAP Rate With Defendable Rent Projections.
- Low-Basis Acquisition Being Offered at $127,000/Unit.
- Fantastic Location Within One-Half Mile of CSU Chico and Enloe Hospital, the Two Primary Economic Drivers in the City of Chico, CA
Property Facts
| No. Units | 50 | Lot Size | 1.47 AC |
| Property Type | Multifamily | Building Size | 29,462 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1974/2024 |
| Zoning | R3 - Residential | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.47 AC |
| Building Size | 29,462 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2024 |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 49 | - | 525 |
| 2+1 | 1 | - | 790 |
Property Taxes
| Parcel Number | 043-132-043-000 | Improvements Assessment | $4,130,120 |
| Land Assessment | $1,020,000 | Total Assessment | $5,150,120 |
Property Taxes
Parcel Number
043-132-043-000
Land Assessment
$1,020,000
Improvements Assessment
$4,130,120
Total Assessment
$5,150,120
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