768 Chestnut St Yuba City, CA 95991

This exceptional investment opportunity presents a meticulously renovated five-unit apartment building situated in the heart of Yuba City, California. The property comprises two buildings: a four-plex featuring four one-bedroom, one-bathroom units totaling approximately 2,286 square feet, and a separate two-bedroom, one-bathroom house of approximately 576 square feet. Built in 1925 and extensively renovated in 2024, the property boasts a fresh, modern aesthetic. Upgrades include a new composition roof, dual-pane windows, stucco repairs, updated kitchens and bathrooms, new flooring, and fresh paint throughout. Most units include in-unit laundry. The property offers off-street parking and sits on a 6,534 square foot lot. Currently, the detached house rents for $1,550 per month, and two of the four-plex units rent for $1,250 each. The seller is actively leasing the remaining two units. Projected gross annual rent is $78,600, yielding a pro-forma NOI of $51,520 and a 6.45% cap rate. The property is zoned R2 and features a total of 2,862 net rentable square feet, priced at $279.18 per square foot and $159,800 per unit. This fee-simple ownership opportunity offers a compelling return on investment in a desirable Yuba City location. The APN is 052-191-005.