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$1,760,000

642 W 1st Ave Chico, CA 95926

0.5 acres
Condo

Property details

About 642 W 1st Ave

College Place | 642 W. 1st Avenue | Prime Chico Multi-Family Investment Opportunity Harris Commercial is pleased to present College Place, an exceptional 8-unit multi-family investment opportunity located at 642 W. 1st Avenue in Chico, California. Ideally situated within walking distance to both California State University, Chico and downtown Chico, this property offers strong existing income, long-term upside, and an unbeatable location. College Place consists of two buildings, each with four large, townhouse-style apartments, all fully leased and 100% occupied. Each 4-bedroom, 2-bath unit is thoughtfully laid out with a downstairs bedroom, bathroom, kitchen, and living area, and three bedrooms and a second bathroom upstairs—a layout perfectly suited for student and group living. One of the units has been completely remodeled, commanding rents approximately 8% higher than the others, providing a clear value-add opportunity for future ownership. Additional highlights include: - Individually metered for electric, gas, and water – a rare and valuable feature that shifts utility costs to tenants - Connected to city sewer and full municipal services - Private fenced patios for each unit - Low-maintenance, professionally redesigned landscaping to minimize ongoing expenses - Fenced common rear yard with bike racks and BBQ area - Professionally managed for many years with stable operations and low vacancy With a desirable unit mix, separate utility metering, professional management, and premium walkability, College Place offers a rare opportunity to acquire a high-performing, easy-to-operate asset in one of Chico’s most sought-after rental markets.

Highlights

Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.45 Acres
Year built1984
ParkingConcrete
MLS #SN25136861

Summary

  • Fireplace: None
  • Private Pool: No
  • Parking: Concrete
  • Heating: Central
  • Cooling: Central Air
  • List Price: $1,760,000
  • HOA Amount: $0
  • Annual Tax Amount: $13,805
  • Tax Year: 2024
  • Lot: Back Yard, Level, Near Public Transit, Rectangular Lot
  • Directions: West on W. 1st Avenue from Warner Street, property on right
  • Year Built: 1984
  • Stories: 2
  • Lot Size: 0.45 Acres
  • MLS Number: SN25136861
  • MLS Name: CRMLS
  • Office Name: Harris Commercial Real Estate
  • Office Phone: (530) 828-9289
  • Listing Agent: Brandon Harris

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/12/2025, 7:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Mar 27, 2015
Home Sold
$1,200,000
Aug 18, 2005
Home Sold
$1,050,000
Jun 14, 2002
Home Sold
$885,000
Apr 21, 1997
Home Sold
$283,000

Tax history

YearAssessmentProperty Tax
2024$1,245,015$13,805
2023$1,384,968$15,470
2022$1,357,970$15,226
2021$1,331,501$14,941
2020$1,309,931$14,900
2019$1,284,247$14,367
2018$1,259,066$14,367
2017$1,234,380$14,143

History based on county public records data.

Nearby schools

4

Citrus Elementary School

Public District KG-5

0.3 mi

1350 Citrus Ave

6

Rosedale Elementary School

Public District KG-5

0.8 mi

100 Oak St

7

Emma Wilson Elementary School

Public District KG-5

0.8 mi

1530 W 8th Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $12,461. Most Chico, CA residents have annual incomes less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

78%
<35k
16%
35k-100k
6%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

69%
Single, No Kids
17%
Single, with Kids
3%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

12%
<11 yrs old
5%
12-17 yrs old
68%
18-34 yrs old
15%
35-64 yrs old
0%
65+ yrs old

What do the neighbors do for fun?

  • NBA/WNBANBA/WNBA
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • UFCUFC

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Banana RepublicBanana Republic
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • SonicSonic
  • Burger KingBurger King

What do the neighbors drive?

  • PontiacPontiac
  • InfinitiInfiniti
  • BuickBuick

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
All data provided by Home Junction and Claritas

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Frequently asked questions

About 642 W 1st Ave

The listing price of 642 W 1st Ave property is $1,760,000.

The property 642 W 1st Ave is a condo located in Chico, California, 95926.

Active Listing: 642 W 1st Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 642 W 1st Ave are: Citrus Elementary School (GreatSchools Rating 4/10), Rosedale Elementary School (GreatSchools Rating 6/10), Emma Wilson Elementary School (GreatSchools Rating 7/10), Chico Junior High School (GreatSchools Rating 8/10), Chico Country Day (GreatSchools Rating 6/10), Blue Oak Charter (GreatSchools Rating 6/10), Inspire School of Arts and Sciences (GreatSchools Rating 9/10), Chico High School (GreatSchools Rating 8/10), Fair View High (Continuation) (GreatSchools Rating 2/10).

According to the records, the last property tax for 2024 is $13,805 (source: MLS/based on county public records data).

The last sale was on March 27, 2015 for $1,200,000 (source: MLS/tax record).

The property at 642 W 1st Ave has 0 bathroom.

The year of construction for 642 W 1st Ave is 1984.

This home is located at 642 W 1st Ave in Chico, CA and zip code 95926. Features: 0 bathroom. It has been listed on Rocket Homes since July 8, 2025 and is currently priced at $1,760,000.

Over 26 listings were sold over their listed price in June 2025 in Chico, CA. In the same period over 30 listings were sold below the listed price and 17 listings were sold for the listed price. The number of homes for sale in Chico, CA decreased by 0.9% between May and June 2025. While the average time on the market in June 2025 was 37 days, the median list price was $485,000.

From Rocket Homes Real Estate and based on county public records data.

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