Butte County · Chico
Sell Your Commercial Property In Chico, CA
From Downtown Chico to North Chico, we buy Chico multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Chico · South Campus · North Chico · Oroville — Butte County, CA
Local Demand
Our View On Chico
Chico, CA is a Butte County city of 102,188 residents, home to California State University, Chico, where renters occupy 56.6% of the city's 42,943 occupied homes, per Census ACS 2020-2024 estimates. Median gross rent runs $1,488 a month, above Butte County's $1,414, and 44.5% of Chico's housing predates 1980. Chico sits in the Sacramento Valley at the northern end of California's Central Valley, about 90 miles north of Sacramento. Owners who want to sell commercial property in Chico, CA are working with a renter-majority, aging stock near Chico State, Enloe Medical Center and Butte County farms.
California State University, Chico
Chico State enrolled 14,823 students in fall 2025, per the university's own Fact Book enrollment dashboard.Enloe Medical Center
Enloe Medical Center is a 264-bed Level II Trauma Center in Chico, per the hospital's own about page.Butte County agriculture
Butte County's crops generated $573.9 million in 2023, led by rice and almonds, per the county's Crop Report.Our Buy Box
What We Buy In Chico
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Chico Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Chico, CA
Renters occupy 56.6% of Chico's 42,943 occupied homes, or 24,304 households, under Census ACS 2020-2024 estimates, well above California's 44.1% renter share. Buildings of five or more units hold 25.3% of Chico's 46,625 homes, and 44.5% of the city's housing predates 1980. The median Chico home was built in 1983, per the same Census tables. Owners ready to sell your apartment building in Chico find a renter-heavy, aging stock near California State University, Chico.
Rents and affordability in Chico, CA
Chico's median gross rent is $1,488 a month under ACS 2020-2024, above Butte County's $1,414 but below California's $2,036. About 58.8% of Chico renters pay 30% or more of income on rent, and 35.5% pay 50% or more. Investors who sell commercial real estate in Chico, CA weigh HUD's FY2027 fair market rents, effective October 1, 2026, against in-place leases before pricing an exit.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,064 |
| One-bedroom | $1,190 |
| Two-bedroom | $1,509 |
| Three-bedroom | $2,090 |
| Four-bedroom | $2,522 |
Property taxes in Butte County
Butte County applies California's 1% ad valorem base rate under Proposition 13, so a $2,000,000 Chico apartment building owes about $20,000 a year in base property tax. A sale also triggers a documentary transfer tax of $0.55 per $500 of value under Revenue and Taxation Code Section 11911, split evenly between Butte County and the City of Chico under Chico Municipal Code Section 3.44.020, for $2,200 total on a $2,000,000 sale. Owners appealing an assessment file with the Butte County Assessment Appeals Board between July 2 and November 30, and anyone selling commercial property in Chico should confirm the current assessed value first.
Landlord rules for Chico, CA owners
California bars local rent control beyond the statewide Tenant Protection Act, so Civil Code Section 1947.12 caps most annual rent increases and Section 1946.2 requires just cause after 12 months of tenancy. Security deposits are capped at one month's rent under Civil Code Section 1950.5, returned within 21 days, and nonpayment requires a 3-day notice under Code of Civil Procedure Section 1161. Owners who sell commercial property in Chico, CA and those ready to sell multifamily property in Chico should confirm covered-tenancy status and the deposit ledger first.
What it means for a Chico owner
Chico pairs a 56.6% renter share with an aging, mostly pre-1980 apartment stock and a flat $2,200 transfer tax on a $2,000,000 sale. Chico State's 14,823 students, Enloe Medical Center's 264 beds and Butte County's $573.9 million 2023 agricultural economy keep multifamily demand steady. Owners who sell commercial property in Chico, CA can run the numbers with Skyline Capital Investments' cap rate calculator or start a direct sale through Skyline Capital Investments.
Local Knowledge
Selling In Chico
More about selling in California →Investing in Chico? See apartment syndications in Chico →
- Chico's apartment stock is mostly pre-1980, with 44.5% of homes built before 1980 under ACS 2020-2024.
- Butte County's regular assessment appeal window runs July 2 through November 30 each year.
- Owners who sell commercial real estate in Chico, CA should confirm assessed value before Butte County's appeal deadline.
Seller Guides
Your Situation, Handled — Chico
Learn More
Taxes & Rules For Chico Property
The California rules that shape any deal in Chico: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Chico Seller FAQ
How do I sell commercial property in Chico, CA?
Start with your rent roll, Butte County's November 30 appeal deadline, and the building's pre-1980 status, since 44.5% of Chico's housing predates 1980. Factor in the $2,200 combined city-county transfer tax on a $2,000,000 sale before setting your asking price.
Does Chico have rent control or just-cause eviction rules?
Chico has no local rent-control or just-cause ordinance in its municipal code; the statewide Tenant Protection Act applies instead. Civil Code Section 1946.2 requires just cause after 12 months of tenancy, and Section 1947.12 caps most annual rent increases.
What does it cost to sell commercial real estate in Chico, CA?
A $2,000,000 Chico apartment sale carries a $2,200 documentary transfer tax, split evenly between Butte County and the City of Chico under Revenue and Taxation Code Section 11911. Annual property tax runs about $20,000 at California's 1% Proposition 13 base rate on the same value.
How much of Chico's housing is in apartment buildings?
Buildings of five or more units make up 25.3% of Chico's 46,625 homes, or 11,818 units, per Census ACS 2020-2024 table B25024. That is above Butte County's 19.9% county-wide share, reflecting Chico's renter-heavy, university-anchored housing market near Chico State.
Is Chico's rental market tight right now?
Chico's rental vacancy rate is 5.6%, with a 1.3-point margin of error, under Census ACS 2020-2024 estimates. About 58.8% of Chico renters already pay 30% or more of income on rent, and HUD's FY2027 two-bedroom fair market rent is $1,509 for the Chico, CA MSA.
Do I need to fix up my Chico building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Can I sell my Chico apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in Chico without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Chico?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
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