Description

618 RANCHERIA is a four-unit multifamily property for sale at 618 Rancheria Drive in Chico, CA. Its two-bedroom, one-bathroom units offer an investor a consistent unit mix near California State University, Chico, with a property size of 3,060 SF.

The Property comprises four two-bedroom, one-bathroom units averaging 765 SF. That uniform layout gives an owner a straightforward rental offering, while the bedroom configuration serves renters seeking space beyond a studio or one-bedroom unit. The building is well maintained, and its compact scale keeps the investment focused on a single Chico property rather than a larger portfolio. For a buyer, the unit mix and size make the residential offering easy to understand and position.

The Property sits in an established residential neighborhood approximately 0.2 miles from California State University, Chico and approximately 0.8 miles from Chico High School. Downtown Chico’s dining, retail, and entertainment amenities, along with nearby parks and community services, add everyday convenience for residents. Access to State Route 99 connects the neighborhood with the greater Chico area. Together, the university proximity and access to local amenities give an owner distinct features to emphasize when presenting the units to prospective renters.

The asking price is $650,000, or $162,500 per unit and $212.42 PSF. For an investor seeking a four-unit Chico acquisition, the offering pairs a consistent residential layout with proximity to the university and downtown amenities. The well-maintained asset presents a focused ownership opportunity at a scale suited to hands-on management. Review the Offering Memorandum for a closer look at 618 RANCHERIA.