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550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
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550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
550 E 9th Street
Sold

550 E 9th Street

550 E 9th Street, Chico, CA 95928

$860,000
Prime investment opportunity with amazing cashflow potential!!! Welcome to your next lucrative investment venture! Nestled in a prime location just minutes away from downtown and the lower park, this apartment complex presents an unparalleled opportunity for savvy investors. This expansive property boasts a total of 10 bedrooms and 9 bathrooms, offering ample space and flexibility for tenants. Comprised of eight 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, this complex caters to a variety of tenant needs, ensuring consistent occupancy and rental income. Residents will appreciate the convenience of shared laundry facilities on-site, enhancing the overall appeal and functionality of the property. With its strategic location and desirable unit mix, this investment property promises substantial cashflow potential, making it an attractive addition to any investment portfolio. Situated just minutes away from downtown amenities and the lower park, tenants enjoy easy access to shopping, dining, entertainment, and outdoor recreational activities, enhancing the property's desirability and marketability. Don't miss out on this incredible opportunity to capitalize on strong rental demand in a sought-after location

Studio

4,916 Sq.Ft. LIVING AREA

0.26 Acres lot

Lora Trenner-Voigt

Lora Trenner-Voigt

Features & Amenities

Interior

  • total bedrooms0
  • Laundry room Laundry Room
  • APPLIANCES Dryer

Area & Lot

  • Status Sold
  • Living Area4,916 Sq.Ft.
  • Lot Area0.26 Acres
  • MLS® IDSN24104431
  • TypeMulti-Family
  • YEAR BUILT1963
  • NeighborhoodHancock Park

Exterior

  • STORIES2
  • water SourcePublic
  • PoolNone
  • lot features6-10 Units/Acre
  • parkingPaved
  • sewerPublic Sewer

Financial

  • Sales Price$860,000
  • Zoning R3

Hancock Park

Nestled in the northeastern corner of Chico, California, Hancock Park is a charming and well-maintained suburban enclave that radiates pride of ownership. This picturesque neighborhood is adorned with mature tree-lined streets, paved walkways, and lush green spaces, creating an inviting atmosphere for residents and visitors alike2. At the heart of the community lies Hancock Park, a 3.8-acre neighborhood gem featuring a multi-use playfield, winding walking paths, benches, and disc golf baskets. The park serves as a tranquil retreat where neighbors gather, children play, and outdoor enthusiasts enjoy the fresh air. Beyond its natural beauty, Hancock Park boasts proximity to top-rated schools, including Marigold Elementary, Bidwell Junior High, and Pleasant Valley High School. Residents also benefit from easy access to dining, shopping, and the breathtaking landscapes of Upper Bidwell Park. With its secluded yet connected feel, Hancock Park offers a harmonious blend of suburban serenity and modern convenience—a perfect place to call home.

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