1121-1129 Magnolia Avenue Chico, CA 95926
Other
MLS #: SN26175730
Courtesy Of eXp Realty of California, Inc.
Property InformationDescription
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. 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 the potential of adding more units. Offering memorandum, rent roll, renderings, and video walk-through available upon request. Please do not walk the property or disturb tenants.
Features
- Age: Over 50 Years Old
- Building Units: 17
- Cooling System: Central Air
- Floors: 2
- Heating System: Central
- MLSID: SN26175730
- Rooms: Laundry Room
MAP & DIRECTIONS
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