4-Unit Quadplex with Central
New
For Sale
$785,000
16 Regent Ln, Chico, CA 95973
A three-bedroom and one-bedroom unit mix is complemented by private fenced yards and shared laundry.
Property Size3,420 SF
Price / SF$229.53
Days on Market6
Property Features for 16 Regent Ln
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Residential Income
Occupancy
25%
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Amenities
central HVAC
fenced yards
common-area laundry
assigned parking
Listing Agency:
eXp Realty of Northern California, Inc.
5849427
Listed By:
Andrew M Boley · License #02201769
(916) 952-0411
Source:
Exprealty
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 12 at 11:47PM
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 eXp Realty of Northern California, Inc.
Investment Insights
Based on property information with market context.
This four-unit quadplex in Chico contains three two-bedroom, one-bath units and one one-bedroom, one-bath unit. Central HVAC serves all four residences, each of which has a fenced yard. Shared laundry and assigned parking are also included. Improvements include updated electrical panels and wiring, windows, siding, flooring, and paint.
The property is minutes from Chico State University. One residence is occupied, while the other three are vacant, providing a mix of current occupancy and available units.
The property is minutes from Chico State University. One residence is occupied, while the other three are vacant, providing a mix of current occupancy and available units.
Key Highlights
- Four units: three 2‑bedroom/1‑bath residences and one 1‑bedroom/1‑bath residence
- Central HVAC in all four units
- Fenced yards, shared laundry, and assigned parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,434
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,680
$868.7K
Cap Rate 7%
$620,486
$620.5K
Cap Rate 9%
$482,600
$482.6K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$64.4K $18.84/SF
− Vacancy
−$2.4K −$0.70/SF
EGI
$62.0K $18.14/SF
− OpEx
−$18.6K −$5.44/SF
NOI
$43.4K $12.70/SF
Area
Chico, CA
Vacancy
3.70%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,680
Cap Rate 7%
$620,486
Cap Rate 9%
$482,600
Alternative Uses
Best Use
Multifamily LT 5
$620.5K
$542.9K – $723.9K
NOI $43,434 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$564.0K
$493.5K – $658.0K
NOI $39,479 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,337 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
25%
Occupancy
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
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?
Quadplex - A three-bedroom and one-bedroom unit mix is complemented by private fenced yards and shared laundry.
Where is this quadplex located?
The property is located at 16 Regent Ln Chico, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Four units: three 2‑bedroom/1‑bath residences and one 1‑bedroom/1‑bath residence; Central HVAC in all four units; Fenced yards, shared laundry, and assigned parking
