Two-Story Apartment
For Sale
$2,760,000
1120 Esplanade, Chico, CA 95926
24-unit, two-story apartment complex with a central courtyard and swimming pool, positioned for residential income ownership.
Property SizeContact for details
Days on Market60
Property Features for 1120 Esplanade
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Additional Details
Highway Access
Yes
Multifamily Units
24
Building Details
Year Built
1962
Stories
2
Listing Agency:
Commercial Brokers of California
(530) 828-0011
Listed By:
Michael Donnelly · License #01429436
(530) 828-0011
Source:
Exitrealty
Added: Jul 3
Changed: Aug 25
Last Checked: Aug 30 at 4:27PM
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.
This is a two-story, 24-unit apartment complex arranged around a central courtyard. The property includes a swimming pool, wrap-around balconies, and established landscaping throughout the courtyard area, creating a cohesive common-space layout for residents.
The asset is described as centrally located in Chico, within walking distance of Chico State University, Downtown, and Chico High School. The property is also noted to be close to public transportation and to have easy freeway access.
For buyers seeking a stabilized multifamily income property, this 24-unit apartment complex offers a long-held opportunity, with the current offering presented as having a strong rental history and a balanced tenant mix. It is well-suited to investors or operators looking to own a modestly scaled residential income building with shared amenities and a courtyard-centered configuration.
The asset is described as centrally located in Chico, within walking distance of Chico State University, Downtown, and Chico High School. The property is also noted to be close to public transportation and to have easy freeway access.
For buyers seeking a stabilized multifamily income property, this 24-unit apartment complex offers a long-held opportunity, with the current offering presented as having a strong rental history and a balanced tenant mix. It is well-suited to investors or operators looking to own a modestly scaled residential income building with shared amenities and a courtyard-centered configuration.
Key Highlights
- 24‑unit, two‑story apartment complex
- Central courtyard with swimming pool
- Wrap‑around balconies and mature landscaping
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,836
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
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Frequently Asked Questions
What type of property is this?
Apartment building - 24-unit, two-story apartment complex with a central courtyard and swimming pool, positioned for residential income ownership.
Where is this apartment building located?
The property is located at 1120 Esplanade Chico, CA.
What is the asking price?
The asking price for this property is $2,760,000.
What are key features of this property?
This property features: 24‑unit, two‑story apartment complex; Central courtyard with swimming pool; Wrap‑around balconies and mature landscaping
