2051 Forest Ave

Chico, CA 95928
$1,600,000
1.63 acres | #SW24249447
Courtesy of Paradise Corner Realty

Description

Exceptional multi-family opportunity. Directly across from Walmart on Forest Ave. This 5 building 31 unit office complex can easily be converted to a 28 unit with clubhouse/office multi family complex. Entitlement level architectural floor plans and elevations have been completed. The office unit floor plans facilitate easy conversion to 1 bedroom units. Office Mixed Use/Office Commercial Land Use/Zoning are consistent and allow multi family and emergency housing by plot plan approval. Sixty parking spaces would give 2.14/1 parking ratio. As infill the project would be CEQA exempt. Potential GRM 9/10 would be 3.6m to 4.0m. L/O BROKER OWNED

  • Property Details
      • Stories:2
      • Lot description:SixteenToTwentyUnitsAcre, LotOver40000Sqft, RectangularLot, SprinklerSystem
      • Acres:1.634
      • Property type:Multi-Family
      • Year built:1992
      • Sewer information:PublicSewer
      • Utility source:Public
      • County:Butte
      • Original List Price:$1, 600, 000
      • MLS #:SW24249447
      • Cost:1600000
      • Property subtype:MixedUse
      • MLS #:SW24249447

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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