24-Unit Affordable Housing
For Sale
Contact for pricing
Pending
1350 Manzanita Ave, Chico, CA 95926
Income-restricted community with one- and two-bedroom residences subject to affordability and special-needs occupancy requirements.
Property Size19,668 SF
Days on Market344
Property Features for 1350 Manzanita Ave
General Information
Standard status
Pending
Size
19,668 SF
Class
C
Property subtype
Multifamily
Investment Type
Value Add
Units
Unit Mix
8 x 1BR, 16 x 2BR
Multifamily Units
24
Building Details
Year Built
1964
Buildings
2
Stories
2
Units
24
Listing Agency:
Marcus & Millichap - Sacramento
(916) 724-1285
Listed By:
Isaak Heitzeberg · License #CA01989468
Source:
Crexi
Added: Sep 22, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:05PM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
Built in 1964, this 19,668-square-foot apartment property contains 24 units, including eight one-bedroom homes and sixteen two-bedroom homes. The community operates under affordability requirements tied to household income and includes designated occupancy provisions for residents with special needs.
Two regulatory agreements govern the property, with both scheduled to expire in 2031. One agreement requires 10 units to be occupied by individuals with special needs. The other requires 10 units to serve households earning no more than 50% of AMI and 12 units to serve households earning no more than 80% of AMI. The property is located at 1350 Manzanita Ave in Chico, California, a city of more than 100,000 residents and home to California State University, Chico.
Two regulatory agreements govern the property, with both scheduled to expire in 2031. One agreement requires 10 units to be occupied by individuals with special needs. The other requires 10 units to serve households earning no more than 50% of AMI and 12 units to serve households earning no more than 80% of AMI. The property is located at 1350 Manzanita Ave in Chico, California, a city of more than 100,000 residents and home to California State University, Chico.
Key Highlights
- 24‑unit apartment property with eight one‑bedroom and sixteen two‑bedroom units
- 19,668 square feet; built in 1964
- Two regulatory agreements scheduled to expire in 2031
Property Analytics
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
392
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 - Income-restricted community with one- and two-bedroom residences subject to affordability and special-needs occupancy requirements.
Where is this apartment building located?
The property is located at 1350 Manzanita Ave Chico, CA.
What are key features of this property?
This property features: 24‑unit apartment property with eight one‑bedroom and sixteen two‑bedroom units; 19,668 square feet; built in 1964; Two regulatory agreements scheduled to expire in 2031
