2051 Forest Ave, Chico, CA 95928

About this property

Exceptional multi-family opportunity. Directly across from Walmart on Forest Ave. This 5 building 31 unit office complex can easily be converted to a 28 unit with clubhouse/office multi family complex. Entitlement level architectural floor plans and elevations have been completed. The office unit floor plans facilitate easy conversion to 1 bedroom units. Office Mixed Use/Office Commercial Land Use/Zoning are consistent and allow multi family and emergency housing by plot plan approval. Sixty parking spaces would give 2.14/1 parking ratio. As infill the project would be CEQA exempt. Potential GRM 9/10 would be 3.6m to 4.0m. L/O BROKER OWNED

Listing description from the February 2025 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold February 2025 · listed $1,600,000, on market December 2024 · MLS #SW24249447 · Source: CRMLS

Listing Agent: James Bach · Listing Office: Paradise Corner Realty · Contact: 951-599-5567 · Bought with: Matt Depa · Re/Max of Chico

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