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Sold on 08/23/2022
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2568 Esplanade, Chico, CA 95973

  • $586,254

    Last sold 08/23/2022 for $465K

  • —

    bed

  • —

    bath

  • 3,360

    Sqft ($138/Sqft)

Multi-family not for sale
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About 2568 Esplanade

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Lot size 6,970 Sqft
Movoto estimate
Rental estimate
Property description
6 unit apartment consisting of five (5) studios and one (1) three bedroom unit. Three of the six units have been renovated in the last two years. Owner just leased new laundry machines with WASH. In-place rents produce a 6.5% cap rate while leaving a new owner the remaining units to renovate and lease to produce a 7.3% cap rate. This is a former motel converted to apartments. Contact Marc Guillon for more information.
Listed by
Listing Agent - Marc Guillon
Listing Office - Gravitas Commercial Real Estate
Source: Metrolist Services,Inc. mls logo
MLS#222095277 • last updated 3 years ago
Movoto checked Metrolist Services,Inc. for data 9 minutes ago
Overview
Cooling/AC Other
Heating Other
Levels/Style 1
Type Residential Income
MLS # 222095277
Status Closed
SubType 5 Or More Units
SqFt 3360
Lot Size (Sqft) 6970
Lot Size (Acres) 0.16
Year Built 1950
Interior
Laundry Washer/Dryer Leased
Flooring Other
Exterior
Foundation Other
Construction Wood, Other
Parking Other
Lot Features Other
Irrigation Source Other
Amenities / Utilities
Sewer/Septic Other
Water Source Other
Location
Elementary School District Chico Unified
Middle School District Chico Unified
High School District Chico Unified
Directions 99 To East Ave To Esplanade
APN 006-060-057-000
Zoning MF
Multifamily Details
Total # of Units 6
Income Includes Other
$586K
Range: $527K-$644K
Last 30 days 
Rental est.: $1,362/month
Gross rent multiplier: 28.4
  • Aug 2022
    mls logo MLS # 222095277
  • Aug 23, 2022 Sold
    $465,000 (-8.3%)
  • Jul 29, 2022 Pending
    —
  • Jul 15, 2022 Listed
    $507,000 (+19.3%)
  • Mar 2020
    mls logo MLS # SN19121026
  • Mar 12, 2020 Sold
    $425,000
  • Mar 11, 2020 Sold
    $425,000 (-14.1%)
  • Jan 30, 2020 Pending
    —
  • Jan 30, 2020 Pending
    —
  • Oct 18, 2019 Active
    —
  • Oct 18, 2019 Contingent
    —
  • May 20, 2019 Listed
    $495,000
  • May 20, 2019 Listed
    $495,000 (+28.6%)
  • May 2019
    mls logo MLS # 12403616
  • May 23, 2019 Listed
    $495,000
  • May 2018
    mls logo MLS # CH17217927
  • May 21, 2018 Listed
    —
  • Mar 28, 2018 Pending
    —
  • Dec 14, 2017 Listed
    —
  • Nov 22, 2017 Pending
    —
  • Aug 28, 2017 Listed
    $385,000
  • 2568 Esplanade
    $465K
  • 12550
    —
  • 95973
    $575K +2% y/y
  • Chico
    $499K -2% y/y
No chart available
Statistics calculated by Movoto

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7/10
Bidwell Junior High School
public Grades 6-8
Chico Unified School District
8/10
Pleasant Valley High School
public Grades 9-12
Chico Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around 12550

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