Seller's Agent in 2025
Michael Lee
Ryno Company
(530) 570-3222
2 in this area
6 Total Sales
570 E 3rd Ave Chico, CA 95926
Chico Vecino Neighborhood
3
Beds
3
Baths
1,750
Sq Ft
7,841
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Bike Trail
- Chico Junior High School Rated A-
- Central Air
- Back Yard
About This Home
As of August 2025570 E 3rd Avenue is a charming, 3 unit property nestled in the heart of Chico, California.
Built in 1956, each 1-bed, 1-bath unit offers contemporary amenities, seamlessly blending timeless mid-century charm with modern functionality for enhanced comfort and versatility.
The property presents a compelling opportunity for investors seeking multiple units, proximity to a variety of amenities, and stable rental income. Its convenient location and updated features make it a valuable addition to a diversified real estate portfolio.
• PROPERTY OVERVIEW
• Total units: Total units: 3
• Unit C was renovated in 2020 and is fully furnished
• Unit configurations: 1 bedroom, 1 bathroom
• Total bedrooms/bathrooms: 3 beds, 3 baths
• Total living area: ~1,800 sq ft
• Unit sizes: Ranging from 550 to 650 sq ft
• KEY FEATURES
• In-unit laundry
• Centrally located
• Easy access to shopping, dining, and public transportation
• Units have private yards
• RENTAL INCOME POTENTIAL
• Current rental rates are $1,495 per month per unit.
• Gross monthly rental income: $4,800
• INVESTMENT HIGHLIGHTS
• Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding
• Modern amenities reduce maintenance costs and enhance tenant satisfaction
• Strong rental demand in the area supports consistent occupancy rates
• Spacious and well-manicured yards increase appeal
Last Agent to Sell the Property
Ryno Company Brokerage Phone: 5305703222 License #02216710 Listed on: 05/08/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 7,841 Sq Ft Lot
- No Common Walls
- Back Yard
- Density is 2-5 Units/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 1,750 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- Rain Gutters
- Urban Location
- Central Air
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 1
- Assessor Parcel Number 003444050000
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Recreation
- Bike Trail
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,850
- Trash Expense $1,400
- Operating Expense $13,352
- Gross Income $57,600
- Net Operating Income $36,111
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/11/2025 08/11/25 | Sold | $565,000 | -2.4% | $323 / Sq Ft | |
| 07/12/2025 07/12/25 | Pending | -- | -- | -- | |
| 07/02/2025 07/02/25 | Price Changed | $579,000 | -3.3% | $331 / Sq Ft | |
| 05/29/2025 05/29/25 | Price Changed | $599,000 | -3.2% | $342 / Sq Ft | |
| 05/20/2025 05/20/25 | Price Changed | $619,000 | -2.5% | $354 / Sq Ft | |
| 05/08/2025 05/08/25 | For Sale | $635,000 | +234.2% | $363 / Sq Ft | |
| 03/21/2014 03/21/14 | Sold | $190,000 | -17.4% | $120 / Sq Ft | View Prior Sale |
| 01/31/2014 01/31/14 | Pending | -- | -- | -- | |
| 05/28/2013 05/28/13 | For Sale | $230,000 | -- | $145 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,876 | $263,550 | $153,227 | $110,323 |
| 2024 | $2,876 | $258,383 | $150,223 | $108,160 |
| 2023 | $2,842 | $253,318 | $147,278 | $106,040 |
| 2022 | $2,794 | $248,352 | $144,391 | $103,961 |
| 2021 | $2,742 | $243,483 | $141,560 | $101,923 |
| 2020 | $2,734 | $240,987 | $140,109 | $100,878 |
| 2019 | $2,685 | $236,262 | $137,362 | $98,900 |
| 2018 | $2,636 | $231,630 | $134,669 | $96,961 |
| 2017 | $2,581 | $227,089 | $132,029 | $95,060 |
| 2016 | $2,357 | $222,638 | $129,441 | $93,197 |
| 2015 | $2,357 | $219,295 | $127,497 | $91,798 |
| 2014 | $2,403 | $224,701 | $88,835 | $135,866 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Lee
-
Ryan Vaught
Seller Co-Listing Agent in 2025
Ryan Vaught
Ryno Company
(530) 343-2959
3 in this area
14 Total Sales
-
Samantha Barandeh
S
Buyer's Agent in 2025
Samantha Barandeh
Parkway Real Estate Co.
(530) 717-3651
6 in this area
26 Total Sales
-
M
Seller's Agent in 2014
Mike Ciglar
Next Generation Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN25102642
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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