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Sold on 08/19/2024
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720 W 2nd Ave, Chico, CA 95926

$2,200,000

Last sold 08/19/2024 after 215 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 720 W 2nd Ave

Property type Multi-family
Neighborhood
Year built 1996
HOA fee $0/month
Lot size 0.52 Acre
Rental estimate
Property description
5% Seller Financing! 8 units total. Three five bedroom units and 4 Four bedroom units along with a one bedroom one bath unit. Large townhouse units with washers and dryers. Each unit has a separate water, gas and electric meters. Very well maintained and close to the university. No vacancies. Appointment only! Do not bother tenants!
Listed by
Listing Agent - John Wallace
Listing Agent Contact: 530-514-2405
Listing Office - Century 21 Select Real Estate, Inc.
Source: CRMLS mls logo
MLS#SN24008587 • last updated 2 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two, Contemporary
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.52
Lot Size (SqFt) 22651
Year Built 1996
Condition Turnkey
Interior
Laundry Inside
Appliances Dishwasher, Disposal, Range Hood, Refrigerator, Water Heater
Interior Features Ceiling Fan(s), Formica Counters
Window Features Double Pane Windows
Exterior
Construction Concrete, Stucco
Building Area Square Feet, 11500
Roof Composition
Parking Concrete
Lot Description Landscaped, Lawn, Lot 20000-39999 Sqft, Rectangular Lot, Level, Sprinkler System, Sprinklers Timer
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Electric Electricity - On Property
Spa None
Pool None
Location
View Neighborhood
County Butte
Community Features Urban
Zoning R3
Directions From University On Warner To Left On 2nd Ave Units On The Right
APN 43150025000
Multifamily Details
Expense: Trash 3600
Gross Spendable Income 135000
Operating Expense 503656
Cap Rate 5.8
Expense: Insurance 3050
Total Expenses 53656
Expense: Water/ Sewer 1256
Gross Income 186600
Expense: Electric 800
Gross Multiplier 12.29
Gross Scheduled Income 186600
Expense: Gardener 7200
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Rental est.: $786/month
Gross rent multiplier: 233.3
  • Jan 2024
    mls logo MLS # SN24008587
  • Jan 17, 2024 Listed
    $2,295,000 (+149.5%)
  • Jul 2013
    mls logo MLS # CH13079275
  • Jul 19, 2013 Sold
    $920,000 (-5.2%)
  • Apr 30, 2013 Listed
    $970,000
  • 720 W 2nd Ave
    $2.2M
  • The Avenues
    $384K -14% y/y
  • 95926
    $419K -2% y/y
  • Chico
    $489K +3% y/y
No chart available
Statistics calculated by Movoto

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6/10
Citrus Avenue Elementary School
public Grades K-5
Chico Unified School District
6/10
Chico Junior High School
public Grades 6-8
Chico Unified School District
8/10
Chico High School
public Grades 9-12
Chico Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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