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    1316 State Highway 99 Gridley, CA 95948

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    For Sale
    $2,600,000

    Turnkey apartment building with stable income and growth potential.

    Lot size:
    0.76 Acres

    Property Features for 1316 State Highway 99

    General Information

    Lot size
    0.76 Acres

    Building Details

    Year built
    1963

    Source: Coldwell Banker C&C Properties Agent Michael Donnelly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained 11-Unit Apartment Building

    This well-maintained 11-unit apartment building presents an investment opportunity, offering stable rental income and potential for growth. The property is located in a desirable area off Highway 99. It is suited for investors seeking a turnkey asset with strong occupancy rates and long-term value.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gridley
    County
    Butte
    State
    California
    Longitude
    -121.686803
    Latitude
    39.353047

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    FAQs

    What type of property is this?
    Apartment building - Turnkey apartment building with stable income and growth potential.
    Where is this apartment building located?
    The property is located at 1316 State Highway 99 Gridley, CA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Stable rental income for the discerning investor; - Significant potential for growth makes this a great opportunity; - Well-maintained 11-unit apartment building, a true turnkey asset
    (530) 828-0011
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    1316 State Highway 99 Gridley, CA 95948
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    Gridley, CA 95948
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1316 State Highway 99 Gridley, CA 95948
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