1122 W Sacramento Avenue, Chico, California 95926, Chico, 95926 - 0 bed, 0 bath
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1122 W Sacramento Avenue
Chico, California 95926
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,598Sq Ft
9,148Lot Size
Property Price
LIST PRICE$789,000
EST. MARKET VALUE
$789,000
SUMMARY
This Residential Income Quadruplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $789,000, which aligns with its $789,000 Fair Market Value. Built and remodeled in 2022, the property maintains an Excellent Condition Rating, featuring modern quartz kitchens and in-unit laundry. With a prime location near CSU Chico and the addition of passive billboard income, this asset ensures consistent rental demand. This turnkey, low-maintenance property is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking immediate, stable cash flow.
Estimated Market Value
$789,000
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built and remodeled in 2022, this property is less than 5 years old and in mint condition. It features modern kitchens with quartz countertops and stainless steel appliances, updated bathrooms with contemporary fixtures, and new mini-split HVAC systems, requiring no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Turnkey Condition
Built and remodeled in 2022, the property features contemporary finishes including quartz countertops, stainless steel appliances, and in-unit laundry, minimizing immediate capital expenditure for a new owner.
- Prime Investment Location
Situated just minutes from California State University, Chico, the property is positioned in a high-demand rental corridor, ensuring consistent occupancy and reliable cash flow from the student and faculty demographic.
- Diversified Income Streams
Beyond the residential rents from the four units, the inclusion of an on-site billboard provides a unique secondary source of passive income, enhancing the property's overall yield and investment appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2598, other record living area = 749.
- Extended Market Time
With 174 days on the market and a history of price reductions from the original $839,000, the property may face buyer hesitation or perceived overvaluation relative to current market cap rates.
- Compact Living Spaces
The total square footage of 2,598 for four units results in a relatively small average unit size, particularly for the studios, which may limit the long-term tenant profile to single occupants.
About 1122 W Sacramento Avenue
Turnkey 4-Unit Investment Near CSU Chico Located just minutes from California State University, Chico, this fully leased property offers strong, reliable income with added upside. Built and remodeled in 2022, it features two modern 2BD/1BA units with open layouts, quartz countertops, stainless steel appliances, in-unit laundry, and covered patios, plus a duplex with two updated studio units. An on-site billboard provides additional passive income, enhancing overall returns. With its central location near shopping, dining, and campus, the property benefits from consistent rental demand. Highlights: 4 units: 2 x 2BD/1BA + 2 studios Built/remodeled in 2022 Billboard income Prime Chico location with strong cash flow potential A clean, low-maintenance investment in a high-demand area.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 2022
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.5 |
| Baths | 0.0 | 2.6 |
| Square foot | 2,598 | 2,100.133 |
| Lot Size | 9,148 | 9,060.467 |
| Price | $789.0K | $495.0K |
| Price per sq ft | $304 | $229 |
| Built year | 2022 | 1959 |
| HOA | $0 | $370 |
| Days on market | 198 | 77 |
Pricing History
Listed for Sale
Jul 9, 2026
$789,000
$799,000
-1% Price Drop
Initial Listing
Price Change
May 13, 2026
$799,000
$839,000
-5% Price Drop
Initial Listing
Price Change
Apr 9, 2026
$839,000
Initial Listing
Sold
Jan 25, 2022
$265,000
Public Record
Sold
Jun 30, 2017
$200,000
Public Record
Sold
Jan 8, 2003
$91,000
Public Record