810 W 1st Ave, Chico, CA 95926

Colliers is pleased to present 810 W 1st Ave, an exceptionally maintained, 17-unit market rate apartment community in Chico, CA comprised of all 2 story Townhome units. The complex was originally built in 1960 and received a complete exterior remodel in late 2024/early 2025. This low-density property spans across 1 acre and features a new security gate. The Loft Apartments serve to workforce residents, families, and university students alike. Tenants enjoy the convenient location close to schools, shopping, dining experiences, and employment. The property consists of eleven (11) three-bedroom/one-and-a-half-bathroom units, five (5) five-bedroom/one-and-a-half-bathroom units, and one (1) single-story two-bedroom/one-bathroom cottage. The community features a secluded swimming pool, offering residents a desirable amenity in a private setting. There is an onsite clubhouse with potential for conversion into an eighteenth residential unit. A single-story two-bedroom, one-bathroom cottage that could generate approximately $1,400 per month in additional rental income.