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2051 Forest Ave Chico, CA 95928
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SW24249447
Sold Date 03/07/25
HOA Y/N No
Year Built 1992
Lot Size 1.634 Acres
Lot Dimensions Assessor
Property Sub-Type Mixed Use
Property Description
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
Location
State CA
County Butte
Area 699 - Not Defined
Zoning OC
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Asphalt, Paved
Pool None
Community Features Biking, Dog Park, Golf, Hiking, Horse Trails, Mountainous, Near National Forest, Park, Preserve/Public Land, Rural, Street Lights
Total Parking Spaces 60
Private Pool No
Building
Lot Description 16-20 Units/Acre, Lot Over 40000 Sqft, Rectangular Lot, Sprinkler System
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 002370059000
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner May Carry
Horse Feature Riding Trail
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner May Carry
Financing Private,Seller Financing
Special Listing Condition Standard
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Bought with Matt Depa • Re/Max of Chico