8-Unit Townhome Apartment
New
For Sale
$1,590,000
1288 W Sacramento, Chico, CA 95926
Eight three-bedroom residences pair private garages with open-plan living and kitchen areas.
Property Size6,400 SF
Days on Market5
Property Features for 1288 W Sacramento
General Information
Standard status
Active
Size
6,400 SF
Total Parking Spaces
8
Property subtype
Investment
Units
Unit Mix
8 x 3BR/2BA
Multifamily Units
8
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$15,162
Amenities
in-unit washer/dryer hookups
Building Details
Building Size
6,400 SF
Year Built
2007
Stories
2
Units
8
Listing Agency:
Michael McCrady
Listed By:
Mike McCrady
(530) 321-3726
Source:
Elliman
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 5:07PM
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 Michael McCrady
Investment Insights
Based on property information with market context.
Built in 2007, this apartment property contains eight townhomes, each with three bedrooms, two bathrooms, an attached one-car garage, and washer/dryer hookups. Open living and kitchen areas provide the main shared space within each residence. The property also has landscaped grounds and a maintained exterior.
The address is within walking distance of Chico State, dining, and retail. Walk Score is 76 and Bike Score is 77, rated Very Walkable and Very Bikeable, respectively.
The address is within walking distance of Chico State, dining, and retail. Walk Score is 76 and Bike Score is 77, rated Very Walkable and Very Bikeable, respectively.
Key Highlights
- Eight townhomes, each with 3 bedrooms and 2 bathrooms
- Built in 2007
- Each residence has an attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,879
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,580
$1.5M
Cap Rate 7%
$1,055,414
$1.1M
Cap Rate 9%
$820,878
$820.9K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$139.8K $21.84/SF
− Vacancy
−$5.5K −$0.85/SF
EGI
$134.3K $20.99/SF
− OpEx
−$60.4K −$9.44/SF
NOI
$73.9K $11.54/SF
Area
Chico, CA
Vacancy
3.90%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,580
Cap Rate 7%
$1,055,414
Cap Rate 9%
$820,878
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$923.5K – $1.23M
NOI $73,879 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,454 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
342
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight three-bedroom residences pair private garages with open-plan living and kitchen areas.
Where is this apartment building located?
The property is located at 1288 W Sacramento Chico, CA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Eight townhomes, each with 3 bedrooms and 2 bathrooms; Built in 2007; Each residence has an attached 1‑car garage
