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536 W 3rd Street

$1,426,000

536 W 3rd Street, Chico, CA 95928

Active
Last Updated: 06/26/2025

3,415 sqft

Building Size

0.1272 acres

Lot Area

Details:
Building Size:    3,415 sqft
Lot Area:    0.1272 acres
Units:    1
Year Built:    1999
Highlights:
  • Historic two-level rental with stable income in downtown Chico, CA.
  • Fully leased with annual rent increases and early pre-leasing success.
  • Located just one block from California State University, Chico with Walk Score of 96.
  • In-unit coin laundry with off-street parking.
  • Adjacent property at 544 W 3rd Street is also available for purchase.
Description:

536 W 3rd Street, Chico, CA is a two-story, fully‑leased investment opportunity just one block from California State University, Chico. As part of the distinguished Language Houses, the property features original mahogany flooring, built-in elements, and historic architectural charm. The multi‑tenant building offers consistent annual rental increases and a history of early pre‑leasing typically reaching full occupancy by January for summer move-in. Amenities include off-street parking and in-unit coin-operated laundry, ensuring both tenant convenience and strong investor appeal.

The property enjoys a Walk Score of 96, reflecting its exceptional accessibility to campus, downtown Chico, and local amenities. CSU Chico, with an enrollment of 14,581 students in 2024, is just a short walk away supporting reliable demand from the student population. Situated in a highly sought-after student housing corridor, the location benefits from high foot traffic, proximity to transit, and easy access to entertainment, dining, and retail, making this a dependable and strategically positioned asset.

Map:
Documents:
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536W3rdStreet-Chico_BrochureV2.pdf
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