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642 W 1st Avenue

Chico, CA 95926

– beds
– baths
– sqft
~1/2 acre lot
1984 build
– on site

College Place | 642 W. 1st Avenue | Prime Chico Multi-Family Investment Opportunity Harris Commercial is pleased to present College Place, an exceptional 8-unit multi-family investment opportunity located at 642 W. 1st Avenue in Chico, California. Ideally situated within walking distance to both California State University, Chico and downtown Chico, this property offers strong existing income, long-term upside, and an unbeatable location. College Place consists of two buildings, each with four large, townhouse-style apartments, all fully leased and 100% occupied. Each 4-bedroom, 2-bath unit is thoughtfully laid out with a downstairs bedroom, bathroom, kitchen, and living area, and three bedrooms and a second bathroom upstairs—a layout perfectly suited for student and group living. One of the units has been completely remodeled, commanding rents approximately 8% higher than the others, providing a clear value-add opportunity for future ownership. Additional highlights include: - Individually metered for electric, gas, and water – a rare and valuable feature that shifts utility costs to tenants - Connected to city sewer and full municipal services - Private fenced patios for each unit - Low-maintenance, professionally redesigned landscaping to minimize ongoing expenses - Fenced common rear yard with bike racks and BBQ area - Professionally managed for many years with stable operations and low vacancy With a desirable unit mix, separate utility metering, professional management, and premium walkability, College Place offers a rare opportunity to acquire a high-performing, easy-to-operate asset in one of Chico’s most sought-after rental markets.

Listed By CRMLS_CA / Brandon Harris / Harris Commercial Real Estate / 530-828-9289

Last checked: Checking… • Last updated Jul 10, 2025 •

MLS# SN25136861 —

The Building

Year Built:

1984
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Plaster, Stucco, Vinyl Siding
Building Area Total:

11200.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

2
Roof:

Composition
Foundation:

Slab
Stories Total:

2
Entry Level:

1
Number With Patio:

8
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

8
# of Separate Water Meters:

8
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

Between buildings
Fireplace:

No
Fireplace:

None
Laundry:

Inside
Laundry:

1

Location

Directions:

West on W. 1st Avenue from Warner Street, property on right
Latitude:

39.73421200
Longitude:

-121.85493800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

CITY
Lot Features:

Back Yard, Level with Street, Rectangular Lot, Level, Near Public Transit, No Landscaping, Yard
Lot Size Area:

19602.0000
Lot Size Acres:

0.4500
Lot Size SqFt:

19602.00
Lot Size Source:

Assessor
Fencing:

Chain Link
Fence:

Yes
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

6.04
Tax Lot:

70

The Listing

Special Listing Conditions:

Standard
Parcel Number:

043170024000

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Biking, Curbs, Gutters, Sidewalks, Storm Drains, Urban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Concrete

Extra Units

Number With Carpet:

8
Number With Drapes:

8
Number With Disposal:

8
Number With Dishwasher:

8
Number With Refrigerator:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/8/25 Jul 8, 2025	Listed / Active	CRMLS_CA	$1,760,000	46.7% (4.5% / YR)
4/2/15 Apr 2, 2015		CRMLS_CA	$1,200,000

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This multifamily located in Chico Vecino, Chico, CA 95926 is currently for sale for $1,760,000. 642 W 1st Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 642 W 1st Avenue is in the Chico Vecino neighborhood of Chico and has a WalkScore® of 67, making it somewhat walkable. This multifamily is in the attendance area of Chico Junior High School, Citrus Elementary School, and Chico High School.

Listing Courtesy of: CRMLS_CA and Harris Commercial Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 13:56 on Jul 12.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.