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$1,050,000
703 W 2nd
Chico, CA 95926
Size4800 Sq Ft ($218.75/ Sq Ft)
Lot Size0.45 Acres
Year Built1983
Listing TypeResidential Income
MLS Listing IDSN25249748
Published Date10/29/2025 47 days ago
Listing Modified10/29/2025 1:53:00 PM 47 days ago
Welcome to 4 Lanterns apartments, a fantastic multifamily opportunity in Chico, CA. Built in 1983, this low-density community sits on a large 0.45 acre lot and features (4) spacious four-bedroom, two-bathroom floor plans with approximately 1,200 square feet each. The property is fully leased with (3) of the units leased "by the bedroom" to students attending California State University, Chico and (1) unit on a standard lease. Current average rents are $2,090 per unit, demonstrating the high demand for quality affordable housing. Just blocks from California State University, Chico and Enloe Hospital, the property benefits from a diverse tenant base of both students and non-students, yet curre... Read More
North on Warner, Left on W. 2nd Ave
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  • Internet Published
    • Income
  • Monthly Gross Income: $5602.00
  • Net Operating Income: $60297.00
    • Pool
  • Pool Type: None
    • Sale Type
  • Sale Type: Standard
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    Information Provided Courtesy of Spencer Moyer of Alive Commercial Real Estate and . Listing data provided by CRMLS, last updated 12/15/2025 35 minutes ago.
    Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2025 1:53:00 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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