$499,000
UNDER CONTRACT $20K PRICE DROP

Estimated payment $3,261/month

Total Views 6,173
4 Beds
2 Baths
2,000 Sq Ft
$250 Price per Sq Ft

Highlights

  • Property is near public transit
  • Private Yard
  • Neighborhood Views
  • Chico Junior High School Rated A-
  • No HOA
  • Cottage

About This Home

Two Homes on One Lot in the Heart of Chico! This charming duo offers an incredible opportunity—whether you're looking for a smart investment property or a place to live in while earning rental income from the other unit. Ideally located near Chico State, downtown, and all the best of central Chico, both homes have been tastefully updated and are full of charm! Each home features 2 bedrooms, 1 bathroom, approximately 1,000 sq. ft. of living space, private laundry areas, and fenced yards—perfect for privacy and outdoor enjoyment. The front unit is picture-perfect with fresh exterior paint, beautiful curb appeal, a carport, and both front and back yard space, including a cozy patio area. Inside, the home has been freshly painted throughout, including the kitchen cabinets, and includes updated light fixtures, mirrors, fans, cabinet hardware, and more—making it truly move-in ready. The back unit is equally adorable, set behind a white picket fence with a spacious front yard and private setting. It boasts a large living area and an open-concept kitchen that feels bright and inviting. This is a rare find—two updated homes on one lot, in an unbeatable location. Don’t miss your chance to own this Chico gem!

Listing Agent

Eric Stofa

Parkway Real Estate Co. Brokerage Phone: 530-228-9203 License #01904078 Listed on: 06/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 9,583 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in average condition
  • Landscaped
  • Sprinkler System
  • Private Yard
  • Back and Front Yard

Home Design

  • Duplex
  • Cottage
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Window Screens
  • Living Room
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • More Than Two Accessible Exits
  • Two Homes on a Lot
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 20 / 7
  • Assessor Parcel Number 003054006000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $1,924
  • Trash Expense $586
  • Water Sewer Expense $924
  • Operating Expense $4,934
  • Gross Income $38,280
  • Net Operating Income $33,346

Property Details

Home Type

Multi-Family

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 249500
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 924.00
  • Zoning: R2-SD
  • Architectural Style: Cottage
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 003054006000
  • Year Built: 1928
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 249.50
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Driveway, Off Street, On Site
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Disposal, Range Hood, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 586.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Near Public Transit, Sprinkler System, Walkstreet, Yard
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 38280.00
  • Gross Operating Income: 37740.00
  • Gross Scheduled Income: 38280.00
  • Insurance Expense: 1924.00
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 33346.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 4934.00
  • Rent Control: No
  • Total Actual Rent: 1450.00
  • Total Expenses: 4934.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 6.03
  • Tax Lot: 20

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $499,000 -3.9% $250 / Sq Ft
06/04/2025 06/04/25 For Sale $519,000 0.0% $260 / Sq Ft
06/04/2025 06/04/25 Off Market $519,000 -- --
07/15/2020 07/15/20 Sold $415,000 -5.7% $208 / Sq Ft
06/10/2020 06/10/20 Pending -- -- --
05/29/2020 05/29/20 Price Changed $440,000 -2.2% $220 / Sq Ft
05/01/2020 05/01/20 Price Changed $450,000 -4.3% $225 / Sq Ft
03/20/2020 03/20/20 For Sale $469,999 -- $235 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25119313

California Regional Multiple Listing Service (CRMLS)