Brian Voigt
Re/Max Home and Investment
(530) 385-0752
378 Total Sales
2 in Chico Vecino
$309K - $310K Price Range
703 W 2nd Ave Chico, CA 95926
Chico Vecino Neighborhood
4
Beds
2
Baths
4,800
Sq Ft
0.45
Acre Lot
Highlights
- 0.45 Acre Lot
- Central Heating and Cooling System
- Bike Trail
- No HOA
- Ceiling Fan
- Laundry Facilities
About This Home
As of April 2026Welcome to 4 Lanterns apartments, a fantastic multifamily opportunity in Chico, CA. Built in 1983, this low-density community sits on a large 0.45 acre lot and features (4) spacious four-bedroom, two-bathroom floor plans with approximately 1,200 square feet each. The property is fully leased with (3) of the units leased "by the bedroom" to students attending California State University, Chico and (1) unit on a standard lease. Current average rents are $2,090 per unit, demonstrating the high demand for quality affordable housing. Just blocks from California State University, Chico and Enloe Hospital, the property benefits from a diverse tenant base of both students and non-students, yet current rents remain below market. Comparable properties of similar vintage and finishes are achieving rents above $595/bedroom, highlighting a clear path for organic rent growth as units turn. Offered at a compelling basis far below replacement cost, 4 Lanterns represents a rare opportunity to acquire strong day-one cash flow with prospects to add one or more ADUs on the empty, underutilized portion of the land fronting 2nd avenue.
Last Agent to Sell the Property
Alive Commercial Real Estate Brokerage Phone: 8589224181 License #01940191 Listed on: 10/29/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1983
Lot Details
- 19,602 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,800 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Laminate Flooring
- Electric Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Utilities
- Central Heating and Cooling System
- 220 Volts
- Natural Gas Connected
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 47
- Assessor Parcel Number 043170002000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $3,745
- Gardener Expense $3,960
- Insurance Expense $4,000
- Maintenance Expense $4,800
- Other Expense $2,746
- Professional Management Expense $5,045
- Trash Expense $1,423
- Water Sewer Expense $3,160
- Operating Expense $40,609
- Gross Income $5,602
- Net Operating Income $60,297
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 29, 2025
Closed on
Mar 23, 2026
Sold by
Bought by
Seller's Agent
Spencer Moyer
Alive Commercial Real Estate
Buyer's Agent
Jose Valerio-Martinez
Better Choice Real Estate
List Price
$1,050,000
Sold Price
$975,000
Premium/Discount to List
-$75,000
-7.14%
Views
35
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Outstanding Balance
$922,229
Interest Rate
6.01%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 6, 2021
Sold by
Bought by
Purchase Details
Listed on
Jan 9, 2020
Closed on
Feb 28, 2020
Sold by
Bought by
Seller's Agent
Jim Aguilar
Century 21 Select Real Estate, Inc.
Buyer's Agent
Jim Aguilar
Century 21 Select Real Estate, Inc.
List Price
$955,000
Sold Price
$930,000
Premium/Discount to List
-$25,000
-2.62%
Purchase Details
Closed on
May 31, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 24, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 25, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.97%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 11, 2015
Sold by
Bought by
Purchase Details
Closed on
Apr 28, 2015
Sold by
Bought by
Purchase Details
Closed on
Jun 26, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.7%
Mortgage Type
Commercial
Purchase Details
Closed on
May 26, 2005
Sold by
Bought by
Purchase Details
Closed on
Apr 29, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 22, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 19, 2004
Sold by
Bought by
Purchase Details
Closed on
Nov 5, 2003
Sold by
Bought by
Purchase Details
Closed on
Jan 16, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.96%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Chico Vecino, CA
-
Brian Voigt
-
Carmelita Medina-Silva
Carmelita Medina-Silva
Keller Williams Realty-Yuba Sutter
(530) 767-4096
111 Total Sales
3 in Chico Vecino
$410,000 Price Range
-
Jill Stewart
Jill Stewart
Re/Max of Chico
(916) 579-6619
101 Total Sales
1 in Chico Vecino
$345,000 Price
-
Nino Pinocchio
Nino Pinocchio
Keller Williams Realty Chico Area
(530) 767-4041
30 Total Sales
2 in Chico Vecino
$425,000 Price Range
-
Lacey Nichols
Lacey Nichols
Responds QuicklyCentury 21 Select Real Estate Inc
(346) 450-6028
19 Total Sales
1 in Chico Vecino
$465,000 Price
-
Lora Trenner
Lora Trenner
Re/Max Home and Investment
(530) 767-4094
119 Total Sales
6 in Chico Vecino
$310K - $775K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $975,000 | Placer Title | ||
| -- | None Available | ||
| $930,000 | Bidwell Title And Escrow Co | ||
| $510,000 | Mid Valley Title & Escrow Co | ||
| -- | Mid Valley Title & Escrow Co | ||
| $390,000 | Mid Valley Title & Escrow Co | ||
| $429,960 | None Available | ||
| -- | None Available | ||
| -- | Mid Valley Title & Escrow Co | ||
| -- | Mid Valley Title & Escrow Co | ||
| -- | -- | ||
| -- | Fidelity Natl Title Co Of Ca | ||
| $550,000 | Fidelity National Title Co | ||
| -- | -- | ||
| $315,000 | Bidwell Title & Escrow Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $925,000 | ||
| Previous Owner | $310,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $80,000 | ||
| Previous Owner | $17,000 | ||
| Previous Owner | $58,000 | ||
| Previous Owner | $400,000 | ||
| Previous Owner | $405,000 | ||
| Previous Owner | $250,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/02/2026 04/02/26 | Sold | $975,000 | 0.0% | $203 / Sq Ft | |
| 02/25/2026 02/25/26 | Off Market | $1,950 | -- | -- | |
| 01/21/2026 01/21/26 | Price Changed | $1,950 | 0.0% | $2 / Sq Ft | |
| 01/13/2026 01/13/26 | Pending | -- | -- | -- | |
| 12/11/2025 12/11/25 | Price Changed | $2,075 | 0.0% | $2 / Sq Ft | |
| 12/11/2025 12/11/25 | For Rent | $2,075 | 0.0% | -- | |
| 10/29/2025 10/29/25 | For Sale | $1,050,000 | 0.0% | $219 / Sq Ft | |
| 08/18/2025 08/18/25 | Off Market | $1,895 | -- | -- | |
| 03/11/2025 03/11/25 | Price Changed | $1,895 | -2.8% | $2 / Sq Ft | |
| 03/07/2025 03/07/25 | Price Changed | $1,950 | +23.8% | $2 / Sq Ft | |
| 02/26/2025 02/26/25 | For Rent | $1,575 | 0.0% | -- | |
| 08/23/2022 08/23/22 | For Rent | $1,575 | 0.0% | -- | |
| 03/27/2020 03/27/20 | Sold | $930,000 | -2.6% | $179 / Sq Ft | View Prior Sale |
| 02/16/2020 02/16/20 | Pending | -- | -- | -- | |
| 01/09/2020 01/09/20 | For Sale | $955,000 | -- | $184 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $11,769 | $1,016,851 | $273,408 | $743,443 |
| 2024 | $11,056 | $994,463 | $268,048 | $726,415 |
| 2023 | $10,926 | $977,465 | $262,793 | $714,672 |
| 2022 | $10,752 | $958,349 | $257,641 | $700,708 |
| 2021 | $10,550 | $939,608 | $252,590 | $687,018 |
| 2020 | $5,709 | $502,504 | $306,000 | $196,504 |
| 2019 | $5,090 | $446,870 | $212,241 | $234,629 |
| 2018 | $4,955 | $434,356 | $208,080 | $226,276 |
| 2017 | $4,863 | $423,100 | $204,000 | $219,100 |
| 2016 | $4,450 | $415,300 | $200,000 | $215,300 |
| 2015 | $4,623 | $425,300 | $175,000 | $250,300 |
| 2014 | $6,489 | $602,000 | $150,000 | $452,000 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Moyer
Seller's Agent in 2026
Spencer Moyer
Alive Commercial Real Estate
(858) 922-4181
4 in this area
7 Total Sales
-
Jose Valerio-Martinez
J
Buyer's Agent in 2026
Jose Valerio-Martinez
Better Choice Real Estate
(530) 230-7536
1 in this area
25 Total Sales
-
J
Seller's Agent in 2020
Jim Aguilar
Century 21 Select Real Estate, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN25249748
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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