662 Chestnut Street, Yuba City, CA 95991

Property Description

Don't miss this excellent opportunity to add a four-unit income-producing property to your investment portfolio! Located in central Yuba City, this well-positioned 4-plex offers a desirable unit mix, solid rental income, and a convenient location near the revitalized and growing downtown Yuba City area. The property consists of two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. Current rents are approximately $1,200 per month for each 2-bedroom unit and $1,100 per month for each 1-bedroom unit. The seller is intentionally keeping one unit vacant to make showings easier and allow prospective buyers to see the interior firsthand. The remaining units are occupied, providing existing rental income and an opportunity for an investor to step into an established income-producing property. When fully occupied, the property is projected to achieve approximately a 7.4% capitalization rate, based on the current rental figures and applicable operating expenses. Buyers are encouraged to independently verify all income, expenses, rental information, and projected returns. The units have been maintained in generally good condition, with some units receiving more updates than others. This also provides a potential opportunity for a new owner to make strategic improvements over time and enhance rental appeal and value. Location is another major advantage. The property is conveniently situated near downtown Yuba City, restaurants, schools, shopping, and public transportation, providing tenants with easy access to many everyday amenities. Whether you're an experienced investor looking to expand your portfolio or a first-time multifamily investor searching for an opportunity with immediate rental income, this 4-plex deserves your attention. Four units. Desirable central location. Potential 7.4% cap rate when fully occupied. Don't miss this opportunity schedule your private showing today! More pictures to follow shortly.