Four-Unit Two-Bedroom
618 Rancheria Drive Chico, CA 95926
618 Rancheria Drive, Chico, CA, 95926
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For Sale
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Four two-bedroom, one-bath units near California State University, Chico support an all-residential rental mix.
Property Size3,060 SF
Price / SF$212.42
Days on Market37
Property Features for 618 Rancheria Drive
General Information
- Standard status
- Active
- Size
- 3,060 SF
- Property subtype
- Multifamily
Listing agency
Capital Rivers Commercial
(530) 896-9340
Listed by
Matt Depa · License #CA 01861484
Source
Crexi
Added: Jun 15 Updated: Jul 20 at 9:09PM Checked: Jul 21 at 4:51AM
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 four-unit multifamily property includes four spacious two-bedroom, one-bathroom units, with each unit described at approximately 765 square feet. The building is configured as a residential income asset with a consistent unit mix across all four homes.
The property is located in Chico and is approximately 0.2 miles from California State University, Chico, with Chico High School about 0.8 miles away. The proximity to both campuses is presented as a factor supporting steady tenant demand.
As offered, the asset is positioned as a straightforward, well-located fourplex with uniform 2-bedroom/1-bath floorplans for rental operations.
The property is located in Chico and is approximately 0.2 miles from California State University, Chico, with Chico High School about 0.8 miles away. The proximity to both campuses is presented as a factor supporting steady tenant demand.
As offered, the asset is positioned as a straightforward, well-located fourplex with uniform 2-bedroom/1-bath floorplans for rental operations.
Key Highlights
- Four‑unit multifamily property in Chico with an all‑residential rental mix
- All units are 2 bed / 1 bath, each approximately 765 SF
- Located about 0.2 miles from California State University, Chico
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.7k | $18.84 |
| − Vacancy | −$2.1k | −$0.70 |
| EGI | $55.5k | $18.14 |
| − OpEx | −$16.7k | −$5.44 |
| NOI | $38.9k | $12.70 |
3,060 SF · lease $18.84/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$555.2K
$485.8K – $647.7K
NOI $38,862 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$504.6K
$441.5K – $588.7K
NOI $35,323 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,249 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four two-bedroom, one-bath units near California State University, Chico support an all-residential rental mix.
Where is this quadplex located?
The property is located at 618 Rancheria Drive Chico, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit multifamily property in Chico with an all‑residential rental mix; All units are 2 bed / 1 bath, each approximately 765 SF; Located about 0.2 miles from California State University, Chico
