2051 Forest Ave, Chico, CA 95928 (MLS # SW24249447)

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PRICE $1,600,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 13,800 sqft
LOT SIZE 1.63 ac

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

DAYS ON MARKET 10 LAST UPDATED 12/14/2024
YEAR BUILT 1992 COMMUNITY Not Defined
COUNTY Butte STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA Not Defined
GARAGE Asphalt, Paved
HOA DUES 0
LOT 1.63 acre(s)
LOT DESCRIPTION 16-20 Units/Acre, Lot Over 40000 Sqft, Rectangular Lot, Sprinkler System
LOT DIMENSIONS Irr
PARKING Asphalt,Paved
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
ZONING OC
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Paradise Corner Realty

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