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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.

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536W3rdStreet-Chico_BrochureV2.pdf
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Today's Available Mortgage Rates

536 W 3rd Street, Chico, California 95928

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 07/04/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$4,668 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $727,260 Loan Amount
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$4,726 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $727,260 Loan Amount
Credit Union*Lender #1799
10 Year Fixed
25 Year Amortization
Interest rate 6.15% 10 Year Fixed
Mo. Payment$4,753 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $727,260 Loan Amount
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