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- LoopNet Team
447 W 7th St
Chico, CA 95928
Chesnut Apartments · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Student Focused Luxury Units
- All Upgraded Units
- Walking Distance to Downtown/CSU Chico
Property Facts
| No. Units | 6 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 6,000 SF |
| Property Subtype | Apartment | Average Occupancy | 75% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1982/2019 |
| Zoning | R3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2019 |
| Zoning | R3 |
About 447 W 7TH ST , CHICO, CA 95928
This premier student property consists of 6 newer and recently upgraded luxury units located on a popular corner near CSU Chico and downtown Chico, CA. This property is 2 lots with a combined 3 buildings, 24 bedrooms and 16 bathrooms! Street address is 719 & 705 Chestnut and 447 W 7th Street. Each building has 2 units. 2 units are brand new 4bed 4bath, the rest are upgraded 4bed 2bath. 4 units have mini split heat/ac allowing each roommate to control their room. These units feature granite counters, wood style plank flooring, stainless appliances and washer/dryers in most units with a laundry room on site for those without. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and convenience stores. Property is fully leased through 2021, professionally managed.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 2 | $2,850 | - |
| 4+2 | 4 | $2,650 | - |
Property Taxes
| Parcel Number | 004-274-016-000 | Improvements Assessment | $1,359,499 |
| Land Assessment | $218,484 | Total Assessment | $1,577,983 |
Property Taxes
