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Closed
- Listed price
- $1,600,000
- Listed Dec 13, 2024
- Sold price
- $1,500,000
- Sold Feb 27, 2025
71,177.04 sqft lot|1992 Built|40 days listed
2051 Forest Ave, Chico, CA 95928
Property Description
Exceptional multi-family opportunity. Directly across from Walmart on Forest Ave. This 5 building 31 unit office complex can easily be converted to a 28 unit with clubhouse/office multi family complex. Entitlement level architectural floor plans and elevations have been completed. The office unit floor plans facilitate easy conversion to 1 bedroom units. Office Mixed Use/Office Commercial Land Use/Zoning are consistent and allow multi family and emergency housing by plot plan approval. Sixty parking spaces would give 2.14/1 parking ratio. As infill the project would be CEQA exempt. Potential GRM 9/10 would be 3.6m to 4.0m. L/O BROKER OWNED
Listing agent: James BachDRE #01938962jamesbach@sgbachinc.com, Listing office: Paradise Corner Realty
MLS data updated 10/20/2026, 7:36:50 AM PT
Source: CRMLSMLS #: SW24249447
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,500,000
Feb 27, 2025
Available records22024–2025
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,500,000Closed sale · Feb 27, 2025ZIP 95928 · Feb 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsDec 13, 2024 – Feb 27, 2025
ZIP 95928 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.