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    609 Rancheria Dr Chico, CA 95926

    For Sale
    $1,285,000

    Investment opportunity near CSUC, fully leased through June 2026.

    Lot size:
    0.21 Acres

    Property Features for 609 Rancheria Dr

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1968

    Source: Atrix Real Estate Agent Trevor White

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

    Overview

    Well-Maintained 5-Unit Complex

    This well-maintained 5-unit complex presents an investment opportunity. Each unit features a 3-bed/2-bath floor plan and includes a full-sized washer/dryer. The kitchens have updated cabinets and countertops, along with new appliances, including stoves and refrigerators. The upstairs bedrooms are spacious and feature dual closets. Upgrades to the property include dual-pane windows installed in 2007, a new roof installed in 2013, upgraded blinds installed in 2017, and new water heaters. The property is fully leased through June of 2026, providing stable income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8537518
    Latitude
    39.7334999

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    FAQs

    What type of property is this?
    Apartment building - Investment opportunity near CSUC, fully leased through June 2026.
    Where is this apartment building located?
    The property is located at 609 Rancheria Dr Chico, CA.
    What is the asking price?
    The asking price for this property is $1,285,000.
    What are key features of this property?
    This property features: - Fully leased through June 2026, providing immediate and stable income.; - Prime location near CSUC (California State University, Chico), ensuring high tenant demand.; - Spacious 3-bed/2-bath units, appealing to a broad range of tenants.
    (530) 809-4886
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    609 Rancheria Dr Chico, CA 95926
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    Chico, CA 95926
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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
    609 Rancheria Dr Chico, CA 95926
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