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929 Nord Ave
Chico, CA 95926
Price Reduced | Gateway Apartments · Multifamily Property For Sale
·
40 Units
Investment Highlights
- Attractive Basis of $75,0917 Per Bedroom.
- No New Student Housing Deliveries in the Market, Creating Upward Pressure on Future Rents.
- Premier Location on Nord Avenue, the Core Student Housing Corridor Serving CSUC.
- Strong Demand Drivers with +12.5% YOY Enrollment Growth in 2025 at California State University, Chico.
- Stabilized 96% Occupancy with Opportunity to Capture Existing Loss-to-Lease in the 2025/2026 School Year.
Property Facts
| No. Units | 40 | Building Size | 59,856 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1987/2021 |
| Building Class | B | Parking Ratio | 1.99/1,000 SF |
| Lot Size | 2.45 AC | ||
| Zoning | R3 | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.45 AC |
| Building Size | 59,856 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2021 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Business Center
- Fitness Center
- Pool
- Grill
- Maintenance on site
- Online Services
- Roommate Matching
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,200 |
| 4+2 | 39 | - | 1,414 - 1,568 |
Property Taxes
| Parcel Number | 043-290-088-000 | Improvements Assessment | $8,149,430 |
| Land Assessment | $2,187,291 | Total Assessment | $10,336,721 |
Property Taxes
Parcel Number
043-290-088-000
Land Assessment
$2,187,291
Improvements Assessment
$8,149,430
Total Assessment
$10,336,721
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