Fantastic, hard-to-find, and very well-maintained, the "Peppertree Apartments" in Chico, CA, presents an excellent investment opportunity. This well-established complex consists of 17 units, including 16 two-bedroom, one-bath units, and one one-bedroom, one-bath unit. Over the past few years, most units have been thoughtfully updated with vinyl plank flooring, modern ceiling fans, and stylish light fixtures. The apartments feature wall cooling, gas wall heating, and newer dual-pane windows. Recent upgrades also include new countertops in many of the units, refurbished roofing, and an enhanced courtyard. The courtyard is so clean and offers a welcoming space for residents to relax and enjoy. There is convenient on-site parking and off-street parking and a seller-owned on-site laundromat with coin-operated washers and dryers. The complex benefits from high occupancy rates, with units rarely vacant. Conveniently located near the freeway, park, and downtown, one unit is occupied by an on-site manager, with rent credit reflected accordingly.
Sold for $1,850,000
Listing Provided by: Parkway Real Estate Co.
Bought with: Michael McCrady, Broker
$1,850,000
890 E 9th St, Chico, CA 95928
33beds
17baths
11,862sqft
Multi Family
Built in 1965
-- sqft lot
$1,445,200 Zestimate®
$156/sqft
$1,414 Estimated rent
Home value
$1,445,200
$1.26M - $1.66M
$1,414/mo
Zestimate® history
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$11,509/mo
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List your homeWhat's special
Enhanced courtyardModern ceiling fansStylish light fixturesNew countertopsVinyl plank flooringRefurbished roofingWall cooling
Zillow last checked:
Listing updated:
Listing Provided by:
MaryAnn Scott DRE #00784476 530-521-0297,
Parkway Real Estate Co.
Bought with:
Mike McCrady, DRE #01234296
Michael McCrady, Broker
Source: CRMLS,MLS#: SN24130414
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 33
- Bathrooms: 17
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Refrigerator, Dryer, Washer
- Laundry: Common Area, Laundry Room, See Remarks
Features
- Ceiling Fan(s), Laminate Counters, Tile Counters
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 11,862
- Total interior livable area: 11,862 sqft
Property
Parking
- Parking features: On Site, Off Street, Private, Unassigned
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.38 Acres
- Dimensions: 125 x 134
- Features: Corner Lot
Details
- Additional structures: Storage
- Parcel number: 004447040000
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
Condition
- Turnkey
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Curbs, Street Lights, Sidewalks
Location
- Region: Chico
HOA & financial
Other financial information
- Total actual rent: 18440
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2024 | Sold | $1,850,000-15.9%$156/sqft |
Source:  CRMLS #SN24130414 Report a problem | ||
| 10/1/2024 | Pending sale | $2,200,000$185/sqft |
Source: CRMLS #SN24130414 Report a problem | ||
| 9/19/2024 | Listed for sale | $2,200,000$185/sqft |
Source: CRMLS #SN24130414 Report a problem | ||
| 9/2/2024 | Pending sale | $2,200,000$185/sqft |
Source: CRMLS #SN24130414 Report a problem | ||
| 8/19/2024 | Listed for sale | $2,200,000+71.9%$185/sqft |
Source: CRMLS #SN24130414 Report a problem | ||
| 10/11/2017 | Sold | $1,280,000$108/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 95928
Nearby schools
GreatSchools rating
- 9/10Parkview Elementary SchoolGrades: K-5Distance: 1.1 mi
- 7/10Chico Junior High SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Chico High SchoolGrades: 9-12Distance: 1 mi
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- California
- Butte County
- Chico
- 95928
- 890 E 9th St
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