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16-Unit Garden-Style Apartment Community
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1445 W 3rd St, Chico, CA 95928

Single-story two-bedroom cottages include covered parking, laundry facilities, and extensive renovations across 14 units.

Property SizeContact for details
Lot Size1.22 Acres
Days on Market141

Property Features for 1445 W 3rd St

General Information

Standard status Active
Lot size 1.22 Acres
Property subtype Multifamily

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Amenities

covered carport parking
on-site laundry facilities
mature landscaping

Building Details

Stories 1
Construction garden-style
Listing Agency: ALIVE Commercial Real Estate
Listed By: Spencer Moyer · License #CA 01940191
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 2:13AM

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 ALIVE Commercial Real Estate

Investment Insights

Based on property information with market context.

The Cottages is a 16-unit apartment community comprising single-story two-bedroom, one-bathroom cottages, each approximately 850 square feet. The property encompasses 1.22 acres and includes covered carport parking, on-site laundry facilities, and mature landscaping. Fourteen of the 16 units have been renovated with laminate plank flooring, updated appliances, fresh paint, new fixtures, and upgraded bathroom vanities.

Located at 1445 W. 3rd Street in Chico, California, the community offers a cottage-style residential layout with improvements completed since the current owner acquired the property in 2022. The combination of individual cottage residences, shared site amenities, and completed interior upgrades defines the property’s existing configuration.

Key Highlights

  • 16‑unit apartment community on 1.22 acres
  • Sixteen single‑story cottages, each with 2 bedrooms and 1 bathroom
  • Approximately 850 square feet per cottage

Property Analytics

Current Use

The Social Chico The Cottages Student Housing Center

Suggested Use

Top Pick Dental Office Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

650
Businesses Nearby

Demographics for 95928, CA

38,378
Population
17,455
Households
2.2
Avg Household Size
35
Median Age
41%
College-Educated
90%
High-School Grad
145.4 sq mi
ZIP Area
264
Density / Sq Mi
$65,350
Median Household Income
$32,615
Median Earnings
$1,419
Median Rent
$476,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Single-story two-bedroom cottages include covered parking, laundry facilities, and extensive renovations across 14 units.
Where is this apartment building located?
The property is located at 1445 W 3rd St Chico, CA.
What are key features of this property?
This property features: 16‑unit apartment community on 1.22 acres; Sixteen single‑story cottages, each with 2 bedrooms and 1 bathroom; Approximately 850 square feet per cottage
More about this property
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