$2,599,000
$276K PRICE DROP

931 W East Ave Chico, CA 95926

Chico Area

Estimated payment $16,384/month

Total Views 7,995
24 Beds
20 Baths
14,899 Sq Ft
$174 Price per Sq Ft

About This Home

We are pleased to present the Compass Point Apartments. This is a stabilized 20-unit multifamily community located in the charming town of Chico, CA. Built in 1980, this low-density, colonial-style community offers a "homey" atmosphere that appeals to a consistent tenant base. The property features a well-maintained unit mix consisting of sixteen 1-bedroom/1-bathroom units (725 SF) and four 2-bedroom/1-bathroom units (825 SF). Extensively renovated and meticulously maintained, this asset reflects a comprehensive overhaul of both the building's systems and aesthetics. With the heavy capital expenditures already behind it, the property offers a turnkey opportunity to push rents to market rates without the need for additional Day 1 investment. One (1) 2-bedroom unit will be delivered vacant. Nestled in the northern Sacramento Valley, Chico is the largest city in Butte County and serves as a vibrant hub for education, recreation, and culture. The city is famously home to California State University, Chico, which infuses the area with youthful energy and academic vigor. Outdoor enthusiasts are drawn to Bidwell Park, one of the largest municipal parks in the United States, featuring over 3,600 acres of trails, creeks, and swimming holes. The historic downtown area further enhances the local lifestyle with an eclectic mix of boutiques, eateries, and cultural landmarks. With average single-family home prices exceeding $500,000, Compass Point provides an essential high-quality housing alternative in a high-barrier-to-entry market.

Listing Agent

Nabil Awada

Matthews Real Estate Investment Services License #02046840 Listed on: 08/20/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 32,670 Sq Ft Lot

Interior Spaces

  • 14,899 Sq Ft Home
  • 2-Story Property
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 20 Bathrooms

Parking

  • 30 Parking Spaces
  • Off-Site Parking
  • Assigned Parking

Community Details

  • 2 Buildings
  • 20 Units

Listing and Financial Details

  • Assessor Parcel Number 042-070-165-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0.75 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 14899
  • Lot Acreage: 0.7500
  • Stories: 2
  • Year Built: 1980
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Total Bathrooms: 20.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 174.44

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Offsite
  • Total Parking: 30

Utilities

  • Number Electric Meters: 20
  • Number Gas Meters: 20
  • Water: Public

Lot Info

  • Assessed Improvement Percent: 74.89
  • Assessed Improvement Value: 1582260
  • Assessed Land Percent: 25.11
  • Assessed Land Value: 530604
  • Total Assessed Value: 2112864
  • Assessor Parcel Number: 042-070-165-000
  • Lot Size Area: 32670

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.69
  • Number Of Units: 20
  • Type Of Units: Standrd
  • Vacancy Allow Percent: 3.00

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2026 $24,530 $2,626,320 $867,000 $1,759,320
2025 $24,530 $2,121,864 $530,604 $1,591,260
2024 $23,056 $2,071,436 $520,200 $1,551,236
2023 $22,786 $2,039,820 $510,000 $1,529,820
2022 $20,601 $1,837,033 $630,481 $1,206,552
2021 $20,215 $1,801,131 $618,119 $1,183,012
2020 $20,159 $1,782,725 $611,781 $1,170,944
2019 $19,795 $1,747,888 $599,786 $1,148,102
2018 $17,429 $1,536,000 $520,000 $1,016,000
2017 $16,622 $1,466,000 $520,000 $946,000
2016 $14,740 $1,396,000 $520,000 $876,000
2015 $14,538 $1,356,000 $520,000 $836,000
2014 $12,838 $1,201,000 $520,000 $681,000
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
09/04/2026 09/04/26 Price Changed $2,599,000 -3.7% $174 / Sq Ft
08/20/2026 08/20/26 For Sale $2,699,000 0.0% $181 / Sq Ft
08/20/2026 08/20/26 Off Market $2,699,000 -- --
06/19/2026 06/19/26 Price Changed $2,699,000 -3.4% $181 / Sq Ft
04/27/2026 04/27/26 Price Changed $2,795,000 -2.8% $188 / Sq Ft
03/23/2026 03/23/26 For Sale $2,875,000 +11.7% $193 / Sq Ft
02/04/2025 02/04/25 Sold $2,575,000 -4.5% $173 / Sq Ft View Prior Sale
09/09/2024 09/09/24 Pending -- -- --
07/29/2024 07/29/24 Price Changed $2,695,000 -3.6% $181 / Sq Ft
06/27/2024 06/27/24 For Sale $2,795,000 -- $188 / Sq Ft
Source: The MLS

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 Type Sale Price Title Company
Grant Deed $2,575,000 Fidelity National Title Compan
Deed -- Fidelity National Title Compan
Grant Deed -- --
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- Mid Valley Title & Escrow Co
Individual Deed $1,450,000 Multiple
Quit Claim Deed -- --
Interfamily Deed Transfer $64,500 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
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 Loan Amount Loan Type
Open $50,000 No Value Available
Previous Owner $200,000 Commercial
Previous Owner $100,000 Commercial
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Source: The MLS

MLS Number: 26668345

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.