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2051 Forest Ave




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$1,600,000
2051 Forest Ave
Chico, CA 95928
Community699 - Not Defined
Size13800 Sq Ft ($115.94/ Sq Ft)
Lot Size1.63 Acres
Lot SizeIrr
Year Built1992
Listing TypeResidential Income
ZoningOC
MLS Listing IDSW24249447
Published Date12/13/2024 21 days ago
Listing Modified12/14/2024 4:15:00 PM 20 days ago
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
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Forest Ave across from Walmart, next to Mechanics Bank

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  • Internet Published
  • Income
  • Monthly Gross Income: $403200.00
  • Net Operating Income: $249200.00
  • Pool
  • Pool Type: None
  • Sale Type
  • Sale Type: Standard
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