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Property profile & analytics
OFF-MARKET Estimated value $8,195,000
Apartment buildings

1 Ilahee Ln Chico, CA 95973-7247

46,046 SF 3.8 ac lot Built 1989
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-2609766
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1989
Construction WOOD
Total area 46,046 SF
Lot 3.8 ac (165,528 SF)
Zoning code R4
APN 042-450-043-000
UPID US10-2609766
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Silverwood Estates Apartment Complex Townhouse Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.01M
CAP Approach CAP
$8.18M
Comparable Approach Comparable
$7.51M
Blend (final) Blend
$8.20M
Owner & transaction history
1 Ilahee Lane Partners LP · 4 yrs held
1 Ilahee Lane Partners LP
since 2022
Last sale
$8.3M
7 recorded transactions
2022
$8.3M
1996
Price N/A
1995
Price N/A
1994
Price N/A
1993
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R4 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R4 High Density Residential High Density Residential (HDR) - 20 to 70 units per gross acre RMU Residential Mixed Use (RMU) Residential Mixed Use (RMU) (10 to 20 units per gross acre) Commercial and Office Zoning Districts (3)(4) OR Office Residential Office Mixed Use (OMU) (6 to 20 units per gross acre) OC Office Commercial Office Mixed Use (OMU) (6 to 20 un…

Zone name High Density Residential
General category RESIDENTIAL
Zone area 15.33 ac
Top alternative use upside
Commercial (general) $12.9M +42.1%
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