Chico, CA 95926 1500 Sheridan Avenue

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Presented By: Michael Lee with Ryno Company; 5305703222
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SN25096646
  • 05/01/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 14
  • Baths • 9
  • SQFT • 5,870

Home Details

1500 Sheridan Avenue is a well-maintained, multifamily residential property in the heart of Chico, California. The property presents a strong opportunity for both stable cash flow and value-add potential. Situated in a desirable residential neighborhood, the property benefits from proximity to California State University, Chico, Enloe Medical Center, and Chico’s downtown amenities. The area has consistent rental demand due to its combination of student, professional, and long-term residential populations. Access to public transportation and nearby retail increases its appeal for tenants. • Total units: 8 (all renovated) • Unit configurations: 1 to 2 bedrooms, 1 to 2 bathrooms • Total bedrooms/bathrooms: 14 beds, 9 baths • Total living area: ~5,870 sq ft • Unit sizes: Ranging from 565 to 790 sq ft ? • Laundry on site • Centrally located • Quiet, friendly community setting • Easy access to shopping, dining, and public transportation • Highly attractive location for a variety of renters • Modern amenities reduce maintenance costs and enhance tenant satisfaction • Strong rental demand in the area supports consistent occupancy rates
Presented By: Michael Lee with Ryno Company; 5305703222

Interior Features for 1500 Sheridan Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 1500 Sheridan Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, Microwave, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityChico
Community FeaturesBiking, Curbs, StreetLights, Sidewalks
CoolingWallWindowUnits
CountyButte
DirectionsHead north on Main Street. Turn right onto East 1st Avenue. Continue for approximately 1 mile. Turn left onto Sheridan Avenue. Proceed about 0.3 miles; 1500 Sheridan Ave will be on your right.
ElectricStandard
Electric On Property Y/NNo
Entry LocationMultiple
Garage Spaces0.0
Garage Y/NNo
Gross Income129960.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense9800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Exchange1031
Lot Size Square Feet11326.0
Lot Size UnitsSquareFeet
MobileHomeRemainsYNNo
Net Operating Income83068.0
New ConstructionNo
Number Of Units Total8
Open Parking Spaces9.0
Operating Expense44293.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot524
Tenant PaysAllUtilities
Trash Expense1900.0
UtilitiesCableConnected, ElectricityConnected, PhoneConnected, SewerConnected, WaterConnected
Virtual TourClick here
Waterfront Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningCITY

Exterior for 1500 Sheridan Avenue

Building Area Total5870.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.26
Lot Size Area11326.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters8
Open Parking Y/NNo
Parking FeaturesPaved
Private PoolNo
SpaNo
Total Parking9.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,595,000
MLS#SN25096646
List Date 05/01/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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