615 Rancheria Dr Chico, CA 95926
Chico Vecino NeighborhoodEstimated payment $4,140/month
Total Views
147
2
Beds
1
Bath
3,604
Sq Ft
$194
Price per Sq Ft
Highlights
- Private Yard
- Chico Junior High School Rated A-
- Central Heating
About This Home
Come check out your next Incredible investment opportunity just steps from Chico State University and vibrant downtown Chico. These updated apartment units are move-in ready — featuring new flooring, fresh paint, and select new appliances. Off-street parking adds convenience, and the unbeatable location makes these units ideal for student housing.
All units are currently vacant, making this a perfect opportunity to set market rents right in time for the new school year. Don’t miss your chance to own income-producing property in one of Chico’s most in-demand rental areas!
Listing Agent
NextHome North Valley Realty Brokerage Phone: 530-228-1232 License #01724028 Listed on: 08/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,684
Year Built
- Built in 1971
Lot Details
- 9,148 Sq Ft Lot
- 1 Common Wall
- No Landscaping
- Private Yard
Home Design
- Apartment
Interior Spaces
- 3,604 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Utilities
- Central Heating
- Conventional Septic
Listing and Financial Details
- Tax Lot 31
- Assessor Parcel Number 043180031000
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Trash Expense $75
- Water Sewer Expense $300
- Operating Expense $7,500
- Gross Income $63,000
- Net Operating Income $5,250
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,684 | $596,644 | $178,500 | $418,144 |
| 2024 | $3,684 | $582,200 | $175,000 | $407,200 |
| 2023 | $6,762 | $604,659 | $206,035 | $398,624 |
| 2022 | $7,997 | $536,000 | $150,000 | $386,000 |
| 2021 | $7,431 | $485,000 | $150,000 | $335,000 |
| 2020 | $7,101 | $452,000 | $150,000 | $302,000 |
| 2019 | $7,097 | $452,000 | $150,000 | $302,000 |
| 2018 | $6,426 | $392,000 | $130,000 | $262,000 |
| 2017 | $4,489 | $392,000 | $125,000 | $267,000 |
| 2016 | $3,762 | $352,000 | $110,000 | $242,000 |
| 2015 | $3,552 | $327,000 | $105,000 | $222,000 |
| 2014 | $3,283 | $302,000 | $100,000 | $202,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $700,000 | -- | $194 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $585,000 | Fidelity National Title Compan | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Orange Coast Title | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $470,000 | Multiple | |
| Grant Deed | $415,000 | Bidwell Title & Escrow Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $585,000 | VA | |
| Previous Owner | $333,425 | New Conventional | |
| Previous Owner | $352,500 | Purchase Money Mortgage | |
| Previous Owner | $332,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $115,722 | Unknown |
Source: Public Records
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$799,000
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Colliers is pleased to present the sale offering of a 7-unit multifamily property located at 541 W 5th Street in Chico, California. The community is comprised of two buildings built in 1930 and sits on a 0.13-acre parcel in the heart of Downtown. 541 W 5th Street offers off-street parking and on-site laundry for its residents. A new owner will be able to further enhance the complex by
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Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN25173083
APN: 043-180-031-000
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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