615 Rancheria Dr, Unit 14

Chico, CA 95926

$699,000
Price
8
Beds
4
Baths
3,604 Sq. Ft.
$194 / Sq. Ft.
3,604
Sq. Ft.
$194
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Pending
Pending
STREET VIEW
STREET VIEW
AERIAL VIEW
STREET VIEW
CITY AERIAL VIEW
SIDE VIEW
FRONT VIEW
STAIRS
STAIRS
UNIT #2
UNIT #2
UNIT #2
UNIT #2
UNIT #2
UNIT #2
UNIT #2
UNIT #2 KITCHEN
UNIT #2 KITCHEN
UNIT #2
BED #1
BED #2
UNIT #2
UNIT #2 BATH
UNIT #2 BATH
UNIT #2 BED
UNIT #2 BED
UNIT #2
UNIT #2
UNIT #2
UNIT #3
UNIT #3
UNIT #3
UNIT #3
UNIT #3
UNIT #3
UNIT #3
UNIT #3 KITCHEN
UNIT #3 KITCHEN
UNIT #3
UNIT #3 BATHROOM
UNIT #3
UNIT #3 BED
UNIT #3 BED
UNIT #3
UNIT #3
UNIT #3
UNIT #1
UNIT #1
UNIT #1
UNIT #1 KITCHEN
UNIT #1 KITCHEN
UNIT #1 KITCHEN
UNIT #1 KITCHEN
UNIT #1
UNIT #1
UNIT #1 BED #1
UNIT #1 BATHROOM
UNIT #1 BED #2
UNIT #1 PATIO
UNIT #1 PATIO
UNIT #1
UNIT #4 KITCHEN
UNIT #4 KITCHEN
UNIT #4 PATIO
EXTERIOR
PARKING SPACE
BACKSIDE VIEW
AERIAL VIEW
AERIAL VIEW
CITY AERIAL VIEW
CITY AERIAL VIEW
CITY AERIAL VIEW
CITY AERIAL VIEW
CITY AERIAL VIEW
CITY AERIAL VIEW

Description

Exceptional investment opportunity just steps from California State University, Chico! This well-located fourplex at 615 Rancheria Dr. offers strong rental history and exceptional income potential in one of Chico’s most desirable student housing areas. Situated directly behind Chico State, the property benefits from consistent tenant demand, making it an ideal addition to any investor’s portfolio. The property features [4] units with a functional and modern layout, providing steady income potential...Exceptional investment opportunity just steps from California State University, Chico! This well-located fourplex at 615 Rancheria Dr. offers strong rental history and exceptional income potential in one of Chico’s most desirable student housing areas. Situated directly behind Chico State, the property benefits from consistent tenant demand, making it an ideal addition to any investor’s portfolio. The property features [4] units with a functional and modern layout, providing steady income potential and opportunity for future upside. Tenants will appreciate the proximity to campus, downtown Chico, local dining, shopping, and public transportation. The location alone ensures high occupancy and long-term desirability. Whether you’re a seasoned investor or looking to get started in multifamily real estate, this is a rare chance to own a property in a prime Chico rental market. Don’t miss the opportunity to capitalize on location, demand, and growth potential.
  1. Listed by Sam Mickens • DRE #01973466 • Brokerage DRE #02166225 • NexGen Real Estate

Property Details for 615 Rancheria Drive, Unit 14

Architectural Style
Traditional
View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Air
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 05/08/2026 04:19 AM

Property Details for 615 Rancheria Drive, Unit 14

StatusPending
MLS #SN26064060
Days on Compass25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.21 AC / 9,148 SF
CountyButte County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of NexGen Real Estate, Sam Mickens, DRE #01973466
Add your commute

Building Information for 615 Rancheria Drive, Unit 14

Stories2Residences-Year Built1971Building Size-Lot Size0.21 AC / 9,148 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$3,483 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,483

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 615 Rancheria Drive, Unit 14

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $72,000
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $59,000
  • Cap Rate: 7.2
Expense Details
  • Operating Expense: $12,050
  • Gardener Expense: $1,500
  • Insurance Expense: $2,500
  • Maintenance Expense: $5,000
  • Professional Management Expense: $1,800
  • Trash Expense: $1,250
  • Total Expenses: $12,050
Tax / Assessment Info
  • Tax Lot: 31
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Gutters, Curbs, Golf, Biking, Fishing, Mountainous, Lake, Street Lights, Suburban, Park
Property / Structure Info
Interior Features
  • Appliances: Water Heater, Disposal, Refrigerator, Electric Oven, Dishwasher, Electric Cooktop
  • Equipment: Dishwasher, None, Refrigerator
  • Interior Features: Bar, Balcony, Living Room Balcony, Ceiling Fan(s), Open Floorplan, Storage
  • Room Type: Primary Bedroom, Kitchen, Living Room, Primary Bathroom
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Vinyl, Carpet
  • Flooring: Vinyl, Carpet
Exterior Features
  • Door Features: Sliding Doors
  • Window Features: Blinds
  • Security Features: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Construction Materials: Wood Siding, Concrete, Glass, Drywall Walls
  • Exterior Construction: Concrete, Glass, Wood Siding
  • Exterior Features: Satellite Dish, Lighting
  • Roof: Shingle
  • Entry Location: Ground level
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Paved, Lot 6500-9999, Landscaped, Rectangular Lot, Near Public Transit, Park Nearby
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Conventional Septic
  • Utilities: Water Available, Phone Available, Natural Gas Available, Cable Available, Electricity Available, Sewer Not Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: On street, Private
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Asphalt, Private, Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 3
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 1
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Carpet: 1
  • Number With Disposal: 4
  • Number With Patio: 4

Property History for 615 Rancheria Drive, Unit 14

DateEvent & SourcePriceAppreciation
May 8, 2026

Pending

CRMLS #SN26064060

—
May 8, 2026

Pending

CLAW #SN26064060MR

—
Apr 13, 2026

Listed (Active)

CRMLS #SN26064060

$699,000—
DateEvent & SourcePrice
05/08/2026

Pending

CRMLS #SN26064060

—
05/08/2026

Pending

CLAW #SN26064060MR

—
04/13/2026

Listed (Active)

CRMLS #SN26064060

$699,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 615 Rancheria Drive, Unit 14

This home is within Chico Unified School District.
Rating
School
Type
Grades
Distance
Citrus Avenue Elementary School
Public - K to 5
Chico Junior High School
Public - 6 to 8
Chico High School
Public - 9 to 12
Forest Ranch Charter School
Charter - K to 8
Rating
School
Distance
Citrus Avenue Elementary School
PublicK to 5

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Forest Ranch Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NexGen Real Estate, Sam Mickens, DRE #01973466

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.