Listed by Trevor White•DRE #02040241• Atrix Real Estate
Contact: 5303551239
For sale
$1,285,000
Est. $8,640/mo —
15
bd
•
10 ba
•
8,160
sq ft
609 Rancheria, Chico, CA 95926
About this home
Exceptional investment opportunity near CSUC. This well-maintained 5-unit complex features spacious 3-bed/2-bath floor plans, each with full-sized washer/dryer. Kitchens have updated cabinets, countertops, and newer appliances including stoves and refrigerators. Large upstairs bedrooms with dual closets add to tenant appeal. Major upgrades include dual-pane windows (2007), new roof (2013), upgraded blinds (2017), and newer water heaters. Fully leased through June 2026, offering stable income in a high-demand location. Seller may consider financing with acceptable terms.
Rancheria-North Campus, located between Bidwell Park and California State University, Chico, is a residential and academic Chico neighborhood with leafy streets and bike-first routines. The neighborhood’s character concentrates around the Esplanade and W. Sacramento Avenue, where coffee counters, taquerias, and campus-serving storefronts keep sidewalks active. Housing leans to mid-century ranch homes, small apartment courts, and student-era rentals tucked behind mature trees. Bidwell Park’s Upper Park trailheads and creek corridors shape daily routes for walkers and cyclists. The university’s performance halls and galleries add a steady cultural calendar. Evening energy shifts toward downtown’s independent stages and taprooms without leaving the north side.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Ceiling fan
Tile counters
Granite counters
Double pane windows
Front entry
Bedrooms
Includes multi-level bedrooms and main floor bedroom configurations
Bathrooms
Each unit has 2 full bathrooms
Kitchen
Garbage disposal
Refrigerator
Gas range and gas oven
Dishwasher
Laundry & utility
In-unit laundry
Washer included
Dryer included
Flooring
Tile
Carpet
Heating & cooling
Central furnace heating
Central cooling
Exterior features
Treed lot
Paved and landscaped grounds
Sprinkler system
No pool
Has a view
Access via city streets
Sidewalks
Home design
Multi-unit property (5 units)
2 stories
Updated / remodeled condition
No ADU
Parking
No designated parking listed
Construction
Tar/gravel and flat roof
Concrete slab foundation
Built year from public records
Utilities
Public sewer
District/public water
Five separate water meters
Five separate gas meters
Five separate electric meters
Financial info
Total building area: 8,160
Gross scheduled income: $113,700
Gross income: $113,700
Net operating income: $104,254
Operating expenses: $9,446
Trash expense: $2,455
Insurance expense: $4,291
Maintenance expense: $1,200
Gardener expense: $1,500
Tenant pays gas, phone, water, sewer, cable TV, and electricity
Total actual rent: $9,375
Five units leased
Other
Each unit is unfurnished
Typical units are 3-bedroom, 2-bath
Unit rents listed around $1,875–$1,925
Electricity and solar
View estimated energy costs and solar savings for this home
The R3 zoning district is applied to areas appropriate for medium-high density residential neighborhoods. Permitted densities range from a minimum of 14.1 to a maximum of 22 units per acre. Multi-family residential uses may be permitted to develop up to 30 dwelling units per acre when at least 15 Percent of the units are deed restricted housing affordable to low-income households at or below 80 Percent of Area Median Income (AMI). The R3 zoning district is primarily intended to implement the Medium-High Density Residential land use designation of the General Plan.
Zone overlays
Chico Urban Flood Protection
Permitted uses
Include but are not limited to:
Garden center
Day care facility
Housing-Multiple units
Housing-Senior
Housing-Other
Recreation
Housing-Mobile home park
Feb 26, 2021 • Final
Mechanical residential
Replace a 2 ton package unit on a residential building.
HVAC
Dec 27, 2015 • Final
Legacy building
Remove and install a gas package unit on a residential building.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
6/10 Flood Factor
Estimated 69-77% chance of a flood reaching the building in the next 30 years
5/10 Fire Factor
5% chance of being in a wildfire in next 30 years
8/10 Heat Factor
6 days above 105° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
33 unhealthy days expected this year, 39 days in 30 years
Provided by First Street
Historical weather
Chico, CA • 95926
Average low and high temperatures (°F)
61
39
63
43
73
49
76
50
86
58
94
65
97
68
98
67
90
64
80
53
63
45
55
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
78/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 609 Rancheria
There isn’t enough information to generate an accurate estimate at this time. Learn More