Homes for sale - 2051 Forest Ave, Chico, CA 95928

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$1,600,000

Est. payment - /mo

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1.63 Acres Lot

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2051 Forest Ave Chico, CA 95928

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Jeff Underdahl

jeff@jeffunderdahl.com +1(760) 271-8772

UPDATED:

12/14/2024 11:11 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW24249447

HOA Y/N No

Year Built 1992

Lot Size 1.634 Acres

Lot Dimensions Assessor

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

Special Listing Condition Standard

Listed by James Bach • Paradise Corner Realty • 951-599-5567

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Jeff Underdahl

CEO/Team Leader | License ID: 01077484

+1(760) 271-8772