1121 1129 Magnolia Avenue,Chico, CA 95926
Chico, CA 95926
Description
Magnolia Apartments is a 17-unit multifamily offering across two character buildings on one oversized parcel in the heart of Chico. 1129 Magnolia, built in 1908, is a classic two-story with a centered entry framed by mature landscaping. 1121 Magnolia, known locally as The French Quarter, was built in 1945 and adds its own street presence along a tree-lined block shaded by a heritage oak. The mix of five studios, eleven one-bedrooms, and one two-bedroom sits within walking distance of Chico State, Enloe Medical Center, Chico High School, and downtown dining, the deepest pocket of rental demand in Butte County. Major capital items are already handled: new roofs were installed in 2019, and units are equipped with new mini split systems for efficient heating and cooling. The standout feature is the land itself. The parcel extends well beyond the two buildings, with a large graded rear yard fronting an existing off-street parking field. A buyer here is acquiring more than 17 income units; they are acquiring a central Chico site with room to grow on their own timeline. Offering memorandum, rent roll, renderings, and video walk-through available upon request. Please do not disturb the tenants.
Details
| MLS # | SN26175730 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 34 |
| Listing Provided By | eXp Realty of California, Inc. | Brent Silberbauer |
Features
| SQ Feet | 8,758 |
|---|---|
| Story(s) | 2 |
| Units | 17 |
| Building(s) | 2 |
| Acreage | 0.55 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Pasture, Near Public Transit |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Butte |
| City | Chico |
| Zip Code | 95926 |
| Listing VS Median (in 95926) | |
Price: $2,100,000 low | high Med: $417,000 sqft: 8,758 low | high Med: 1,365 $ / sqft: $240 low | high Med: $307 On site: 34 low | high Med: 55 | |
Market Activity 95926
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Butte |
| City | Chico |
| Zip Code | 95926 |
| Listing VS Median (in 95926) | |
Price: $2,100,000 low | high Med: $417,000 sqft: 8,758 low | high Med: 1,365 $ / sqft: $240 low | high Med: $307 On site: 34 low | high Med: 55 | |
 | $975,000135 W 8thChico, CA 95926 |