Skip to main content

Multifamily

Chestnut Apartments

768 Chestnut St, Yuba City, CA 95991

Listing Price: $750,000

Cap Rate
6.03%
Number of Units
5
GRM
9.19
Occupancy
95.0%
Price/Unit
$150,000
Price/Gross SF
$262.61
Gross SF
2,856

Investment Overview

The DeLoney Group at Marcus & Millichap has been retained as exclusive agent to offer fee simple interest of Chestnut Apartments, a boutique 5-unit community located in Yuba City, California. This community features a 4-unit dwelling originally constructed in 1925, alongside a standalone single-family home constructed in 1956, on a single parcel. Recently renovated in 2024, a few upgrades include new composition roofing, bathroom / kitchen updates, dual pane windows, LVP flooring, fresh paint throughout, and more. This property is consisted of (4) one-bedroom / one-bathroom units with approximately 570 rentable square-feet in the 4-unit dwelling, as well as a two-bedroom / one-bathroom single-family home with approximately 576 square-feet.

This offering provides an opportunity to purchase a cash-flowing, turn-key property located in the heart of downtown Yuba City. With the extensive amount of renovations conducted at this property, current ownership has retained top-of-market rents while maintaining full occupancy.

Residents enjoy easy access to Feather Downs Shopping Center and the Yuba Sutter Mall, which includes national retailers such as JC Penney, Sears, CVS, Starbucks, Raley’s Supermarket, along with several other shopping and entertainment venues. Yuba City has recently seen local employment growth due to the recently constructed Hard Rock Casino and Resort, Yuba City College, Beale Air Force Base as well as the expansion of Rideout Memorial Hospital. Yuba City is a 45-minute drive from Sacramento on either Highway 65 or 70, and around two hours from the Greater Bay Area connecting to Interstate 80.

All tours must be scheduled through The DeLoney Group. Please do not disturb management or tenants.

Investment Highlights

  • Renovations in 2024 - Roof, Kitchen / Bathroom, Flooring, Paint
  • Full Occupancy with Market Rents
  • Centrally Located in Downtown Yuba City

Exclusively Listed By

Multifamily

Chestnut Apartments

Listing Price: $750,000

Cap Rate
6.03%
Number of Units
5
GRM
9.19
Occupancy
95.0%
Price/Unit
$150,000
Price/Gross SF
$262.61
Gross SF
2,856

Investment Highlights

  • Renovations in 2024 - Roof, Kitchen / Bathroom, Flooring, Paint
  • Full Occupancy with Market Rents
  • Centrally Located in Downtown Yuba City

Investment Overview

The DeLoney Group at Marcus & Millichap has been retained as exclusive agent to offer fee simple interest of Chestnut Apartments, a boutique 5-unit community located in Yuba City, California. This community features a 4-unit dwelling originally constructed in 1925, alongside a standalone single-family home constructed in 1956, on a single parcel. Recently renovated in 2024, a few upgrades include new composition roofing, bathroom / kitchen updates, dual pane windows, LVP flooring, fresh paint throughout, and more. This property is consisted of (4) one-bedroom / one-bathroom units with approximately 570 rentable square-feet in the 4-unit dwelling, as well as a two-bedroom / one-bathroom single-family home with approximately 576 square-feet. This offering provides an opportunity to purchase a cash-flowing, turn-key property located in the heart of downtown Yuba City. With the extensive amount of renovations conducted at this property, current ownership has retained top-of-market rents while maintaining full occupancy. Residents enjoy easy access to Feather Downs Shopping Center and the Yuba Sutter Mall, which includes national retailers such as JC Penney, Sears, CVS, Starbucks, Raley’s Supermarket, along with several other shopping and entertainment venues. Yuba City has recently seen local employment growth due to the recently constructed Hard Rock Casino and Resort, Yuba City College, Beale Air Force Base as well as the expansion of Rideout Memorial Hospital. Yuba City is a 45-minute drive from Sacramento on either Highway 65 or 70, and around two hours from the Greater Bay Area connecting to Interstate 80. All tours must be scheduled through The DeLoney Group. Please do not disturb management or tenants.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower