For Sale
$2,525,000

840 6Th St Chico, CA 95928

8-unit apartment complex, prime Chico location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 2014-built apartment building, Portland Place, presents a unique investment opportunity. Located at 840 W 6th St, Chico, CA 95928, this property boasts eight spacious three-bedroom, three-bathroom units, each approximately 1,346 square feet. Each unit features a full-size washer and dryer, attached garage, and private balcony, along with climate-controlled heating and air conditioning. The meticulously designed units are part of a complex that won the AEP Span "2015 Project of the Year" award for its design, color, and contribution to the university community. The property's prime location is just two blocks from Chico State University and within walking distance of downtown Chico. The building's modern construction and high-quality finishes offer a strong return on investment. The property is exempt from AB 1482 rent control until 2029. With a total square footage of 10,772, this multifamily property is offered at $2,525,000. This is a rare chance to acquire a truly exceptional, high-demand asset in a thriving California market.

Highlights

  • Modern 2014 construction with meticulous finishes; AB 1482 rent control exemption until 2029.
  • 2015 AEP Span "Project of the Year" award winner.
  • Prime location: two blocks from Chico State University, walking distance to downtown Chico.
  • Eight large three-bedroom, three-bathroom units with attached garages and private balconies.

Property Details for 840 6Th St

Property type
Apartment buildings
Square Feet
10,772 SF
Year Built
2014

Location Insight

City
Chico
County
Chico
State
California
Latitude
39.7228966
Longitude
-121.8445204

FAQs

What type of property is this?
Apartment building - 8-unit apartment complex, prime Chico location
Where is the apartment building located?
The property is located at 840 6Th St Chico, CA.
What is the asking price?
The asking price for this property is $2,525,000.
What are key features of this property?
This property features: Modern 2014 construction with meticulous finishes; AB 1482 rent control exemption until 2029.; 2015 AEP Span "Project of the Year" award winner.; Prime location: two blocks from Chico State University, walking distance to downtown Chico.
How can I contact the broker?
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840 6Th St
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