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
Sold for $1,500,000
Listing Provided by: Paradise Corner Realty
Bought with: Re/Max of Chico
$1,500,000
2051 Forest Ave, Chico, CA 95928
784beds
784baths
13,800sqft
Mixed Use
Built in 1992
-- sqft lot
$1,412,700 Zestimate®
$109/sqft
$1,608 Estimated rent
Home value
$1,412,700
$1.26M - $1.60M
$1,608/mo
Zestimate® history
Owner options
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$1,608/mo
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$9,391/mo
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Zillow last checked:
Listing updated:
Listing Provided by:
James Bach DRE #01938962 951-599-5567,
Paradise Corner Realty
Bought with:
Matt Depa, DRE #01861484
Re/Max of Chico
Source: CRMLS,MLS#: SW24249447
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 784
- Bathrooms: 784
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 13,800
- Total interior livable area: 13,800 sqft
Property
Parking
- Total spaces: 60
- Parking features: Asphalt, Paved
- Uncovered spaces: 60
Features
- Levels: Two
- Stories: 2
- Entry location: Parking lot
- Pool features: None
Lot
- Size: 1.63 Acres
- Features: 16-20 Units/Acre, Lot Over 40000 Sqft, Rectangular Lot, Sprinkler System
Details
- Additional parcels included: 060,061,062
- Parcel number: 002370059000
- Zoning: OC
- Special conditions: Standard
- Horse amenities: Riding Trail
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1992
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Dog Park, Golf, Hiking, Horse Trails, Mountainous, Near National Forest, Park, Preserve/Public Land, Rural, Street Lights
Location
- Region: Chico
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange,Owner May Carry
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2025 | Sold | $1,500,000$109/sqft |
Source:  CRMLS #SW24249447 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 95928
Nearby schools
GreatSchools rating
- 5/10Little Chico Creek Elementary SchoolGrades: K-5Distance: 0.8 mi
- 8/10Marsh (Harry M.) Junior High SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Chico High SchoolGrades: 9-12Distance: 2.5 mi
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- California
- Butte County
- Chico
- 95928
- 2051 Forest Ave
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