5-Unit Apartment Property with
For Sale
$565,000
1825 Magnolia Avenue, Chico, CA 95926
Three-building multifamily property with select in-unit laundry and a shared outdoor gathering area.
Property Size3,717 SF
Days on Market151
Property Features for 1825 Magnolia Avenue
General Information
Standard status
Active
Size
3,717 SF
Class
C
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Amenities
in-unit laundry
shared central courtyard
Building Details
Building Size
3,717 SF
Year Built
1960
Buildings
3
Units
5
Listing Agency:
Capital Rivers Commercial
(530) 896-9340
Listed By:
Matt Depa CCIM · License #01861484
Source:
Commercialcafe
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 3:03PM
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 Capital Rivers Commercial
Investment Insights
Based on property information with market context.
This approximately 5-unit apartment property consists of three separate buildings built in 1960. The improvements remain in their original condition, providing an existing multifamily configuration with a shared central courtyard and select units equipped with in-unit laundry.
The property is located at 1825 Magnolia Avenue in Chico, near The Avenues and Enloe Health. Its established residential setting includes neighborhood-serving uses and local access. The layout provides separate structures, tenant circulation, and a common outdoor area for resident use.
The property is located at 1825 Magnolia Avenue in Chico, near The Avenues and Enloe Health. Its established residential setting includes neighborhood-serving uses and local access. The layout provides separate structures, tenant circulation, and a common outdoor area for resident use.
Key Highlights
- Approximately 5‑unit multifamily property across three separate buildings
- Built in 1960 with all‑original improvements
- Shared central courtyard for resident outdoor use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,907
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,140
$858.1K
Cap Rate 7%
$612,957
$613.0K
Cap Rate 9%
$476,744
$476.7K
Market Conditions
NOI Build-Up for 3,717 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.2K $21.84/SF
− Vacancy
−$3.2K −$0.85/SF
EGI
$78.0K $20.99/SF
− OpEx
−$35.1K −$9.44/SF
NOI
$42.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,140
Cap Rate 7%
$612,957
Cap Rate 9%
$476,744
Alternative Uses
Best Use
Apartment 5plus
$613.0K
$536.3K – $715.1K
NOI $42,907 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$750.5K
$656.7K – $875.6K
NOI $52,534 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,018
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 - Three-building multifamily property with select in-unit laundry and a shared outdoor gathering area.
Where is this apartment building located?
The property is located at 1825 Magnolia Avenue Chico, CA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Approximately 5‑unit multifamily property across three separate buildings; Built in 1960 with all‑original improvements; Shared central courtyard for resident outdoor use
