768 Chestnut StYuba City, CA 95991

Property Details for 768 Chestnut St

Year built

1925

Property size (Sq ft)

2,862 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Yuba City

County

Sutter

State

California

Latitude

39.1383

Longitude

-121.62

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