1121 1129 Magnolia Avenue

Property Overview

Magnolia Apartments is a 17-unit multifamily offering across two character buildings on one oversized parcel in the heart of Chico. 1129 Magnolia, built in 1908, is a classic two-story with a centered entry framed by mature landscaping. 1121 Magnolia, known locally as The French Quarter, was built in 1945 and adds its own street presence along a tree-lined block shaded by a heritage oak. The mix of five studios, eleven one-bedrooms, and one two-bedroom sits within walking distance of Chico State, Enloe Medical Center, Chico High School, and downtown dining, the deepest pocket of rental demand in Butte County. Major capital items are already handled: new roofs were installed in 2019, and units are equipped with new mini split systems for efficient heating and cooling. The standout feature is the land itself. The parcel extends well beyond the two buildings, with a large graded rear yard fronting an existing off-street parking field. A buyer here is acquiring more than 17 income units; they are acquiring a central Chico site with room to grow on their own timeline. Offering memorandum, rent roll, renderings, and video walk-through available upon request. Please do not disturb the tenants.

Home Details

Property type: Residential Income - Mixed Use
Year built: 1908
Lot size: 23,958 sq ft
Stories: 2
Days on market: 1
MLS status: Active

Features & Amenities

Pool

None

Lot

Pasture
Near Public Transit

Community, Schools & Utilities

Utilities

Heating: Central
Cooling: CentralAir
Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Chico, CA 95926

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Frequently Asked Questions About 1121 1129 Magnolia Avenue

Property type: Residential Income

The current asking price is $2,100,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1121 1129 Magnolia Avenue. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1908. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Chico, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Chico property.

The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.

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