Multifamily
New
For Sale
$1,450,000
Pending
1017 Esplanade, Chico, CA 95926
Built in 1973, this multifamily property offers an established residential income asset.
Property Size10,243 SF
Days on Market6
Property Features for 1017 Esplanade
General Information
Standard status
Pending
Size
10,243 SF
Property subtype
Residential Income
Net Operating Income
$85,096
Amenities
Curbs
Building Details
Building Size
10,243 SF
Year Built
1973
Buildings
1
Stories
2
Listing Agency:
Commercial Brokers of California
(530) 308-7162
Listed By:
Shawn Smith · License #01821530
(530) 308-7162
Source:
Evrealestate
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 5 at 5:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Brokers of California
Investment Insights
Based on property information with market context.
Located at 1017 Esplanade in Chico, California, this multifamily property was constructed in 1973. The property is identified within Butte County and is near W First Ave.
Key Highlights
- Multifamily property at 1017 Esplanade, Chico, CA 95926
- Constructed in 1973
- Located in Butte County
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.7k | $21.84 |
| − Vacancy | −$8.7k | −$0.85 |
| EGI | $215.0k | $20.99 |
| − OpEx | −$96.7k | −$9.44 |
| NOI | $118.2k | $11.54 |
10,243 SF · lease $21.84/SF/yr · vacancy 3.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,240 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,769 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1973, this multifamily property offers an established residential income asset.
Where is this multifamily property located?
The property is located at 1017 Esplanade Chico, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Multifamily property at 1017 Esplanade, Chico, CA 95926; Constructed in 1973; Located in Butte County
