Compass Point

Chico, California, nestled in the northern Sacramento Valley, is a vibrant city known for its rich history, scenic beauty, and lively community spirit. As the largest city in Butte County, Chico offers a blend of urban amenities and natural charm. The city is renowned for Bidwell Park, one of the largest municipal parks in the United States, which spans over 3,600 acres and features diverse landscapes from lush forests to open meadows. The park's extensive trails, creeks, and swimming holes are a haven for outdoor enthusiasts. Chico's historic downtown area is a hub of activity, boasting a mix of locally-owned boutiques, eclectic eateries, and cultural landmarks. The city is home to California State University, Chico, which infuses the area with youthful energy and academic vigor. The campus, with its classic architecture and verdant grounds, is a focal point for community events and intellectual pursuits.ALIVE Commercial Real Estate is pleased to exclusively present Compass Point Apartments, a 20-unit multifamily property located in the charming town of Chico, CA. This complex comprises sixteen one-bedroom, one-bathroom units, and four two-bedroom, one-bathroom units, with spacious layouts of 725 and 825 square feet, respectively. With the average single-family home price in Chico exceeding $500,000, making mortgage payments significantly higher than the average rent for one and two-bedroom apartments in the area, tenants at Compass Point enjoy a "homey" atmosphere within this low-density, colonial-style community. The current owner has invested hundreds of thousands of dollars over the past 20 years, resulting in a 'pride of ownership' property with many interior/exterior upgrades throughout. This offers the next investor the opportunity to bring rents to market rates without needing a substantial capital infusion.