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155 Panama Avenue, Chico, CA 95973

$725,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • Updated 13 days ago
155 Panama Avenue, Chico, CA 95973View this property at 155 Panama Avenue, Chico, CA 95973
155 Panama AvenueChicoCA95973

Property Description

A great investment opportunity! This property features very limited turnover (once a year on average). In total there are 13 units with 12 studio apartments and one one bedroom (#13). At the southern most end of the building there is a storage shed not currently accessible by residents. All walkways and sidewalks have just been repainted and the parking lot is soon to be re-striped. Laundry facilities available to residents. There is plenty of space for all residents to park one vehicle per unit and off street parking available if needed. As an option, the property could be sold as a package with the neighboring lot, 2568 Esplanade. The two lots and buildings total 19 units and make up Panama Springs Apartments. 2568 Esplanade
features a laundry room on the eastern side of the building and a three bedroom unit/managers office on the western side. Please inquire about both lots if interested.

Full Property Detailsfor 155 Panama Avenue


  • Price: $725,000
  • Status: Pending
  • Type: Multi-Family
  • MLS ID: CH17215956
  • Updated: 4/9/2018
  • Added: 220 day(s) ago

Property History

  • 155 Panama Avenue, Chico, CA
  • Listed at $725,000 on 9/15/17


  • Rooms/Areas: All Bedrooms Down
  • Fireplace(s): None
  • Appliances: Electric Stove, Freezer, Gas Oven, Gas Stove, Gas Water Heater, Refrigerator
  • Flooring: Carpet, Vinyl


Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None


  • County: Butte
  • Driving Directions: If headed north on Esplanade, take a right on Panama Avenue, building is located on the south side of Panama

Heating & Cooling

  • Cooling Type: Wall Window, Electric
  • Heating Type: Wall Heater, Natural Gas


  • Sewer: Conventional Septic
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • Roof: Composition
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 4,110
  • Year Built: 1947

Unit Information

Unit 1

  • Number of Units: 12
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Sq. Ft.): 11,326
  • Lot Size Source: Assessor
  • Lot Description: Garden

Financial Considerations

  • Price Per Sq. Ft.: $176.4

Listed by Sheraton Investment Services, Larry Ruby

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Schoolsserving 155 Panama Avenue

School District:Chico Unified School District
School Name
John A. McManus Elementary School
988 East Avenue, Chico, CA 95973
1.2 mi
Bidwell Junior High School
2376 North Ave, Chico, CA 95926
1.3 mi
Pleasant Valley High School
1475 East Ave, Chico, CA 95926
2.4 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 155 Panama Avenue

Listed by Sheraton Investment Services, Larry Ruby

155 Panama Avenue, Chico, CA 95973 (MLS# CH17215956) is a Multi-Family property with 13 units containing 0 bedrooms and 0 full bathrooms. 155 Panama Avenue is currently listed for $725,000 and was received on September 15, 2017. Want to learn more about 155 Panama Avenue? Do you have questions about finding other Multi-Family real estate for sale in Chico? You can browse all Chico real estate or contact a Coldwell Banker agent to request more information.