1121 1129 Magnolia Avenue, Chico, CA 95926
1121 1129 Magnolia Avenue, Chico, CA 95926
1121 1129 Magnolia Avenue, Chico, CA 95926
1121 1129 Magnolia Avenue, Chico, CA 95926
1121 1129 Magnolia Avenue, Chico, CA 95926
1121 1129 Magnolia Avenue, Chico, CA 95926
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Scott Lytle

Scott Lytle

+1(949) 525-1151
$ 2,100,000
Est. payment | /mo

0.55 Acres Lot

Save
$ 2,100,000
Est. payment | /mo
Save

0.55 Acres Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN26175730

HOA Y/N No

Year Built 1908

Lot Size 0.550 Acres

Property Sub-Type Mixed Use

Property Description

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. Major capital items are already handled: new roofs were installed in 2019, and units are equipped with new mini split systems for efficient heating and cooling. 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 room to grow on their own timeline. Offering memorandum, rent roll, renderings, and video walk-through available upon request. Please do not disturb the tenants.

Location

State CA

County Butte

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Biking, Street Lights, Sidewalks, Urban

Private Pool No

Building

Lot Description Pasture, Near Public Transit

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 003092008000

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Brent Silberbauer eXp Realty of California, Inc. 5308642404, DRE #02019819

Nearby Locations

Scott Lytle

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 525-1151

scott@scottlytle.com

CA, USA

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1121 1129 Magnolia Avenue