2051 Forest Ave
Chico, CA 95928
Active for $1,600,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 71,177 sqft
| MLS | SW24249447 |
| Year Built | 1992 |
| Property Type | Mixed Use |
| County | Butte |
| Status | Active |
| Active | $1,600,000 |
| Structure Size | N/A sqft |
| Lot Size | 71,177 sqft |
| Beds | N/A |
| Baths | N/A |
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 courtesy of: James Bach, Paradise Corner Realty 951-599-5567. *Based on information from the Association of REALTORS/Multiple Listing as of 01/09/2025 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.
Location
Contact a Local Realtor®
Clemente De La Torre
REALTOR®
Direct: 818.481.2483
Email: Email Me
DRE: 02032823
DRE #01873088
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