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.

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