2051 Forest Ave

Chico, CA 95928

$1,600,000

List Price

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1992

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Property Description

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 Information

List Price $1,600,000
Status Active
MLS SW24249447
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1992
Lot Size 71,177
Structure Size N/A
DOM 1
Courtesy Of Paradise Corner Realty
Listing Agent James Bach DRE#01938962

Interior Features

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Maps

Listing information courtesy of: James Bach, Paradise Corner Realty 951-599-5567. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 14th, 2024 at 11:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.