$599,000
$36K PRICE DROP

570 E 3rd Ave Chico, CA 95926

Chico Vecino Neighborhood

Estimated payment $3,936/month

Total Views 3,604
3 Beds
3 Baths
1,750 Sq Ft
$342 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Bike Trail
  • Chico Junior High School Rated A-
  • Central Air
  • Back Yard

About This Home

570 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

Listing Agent

Michael Lee

Ryno Company Brokerage Phone: 5305703222 License #02216710 Listed on: 05/08/2025

Co-Listing Agent

Ryan Vaught

Ryno Company Brokerage Phone: 5305703222 License #01444141

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

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

  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 199667
  • Property Attached: No
  • Zoning: R2
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 003444050000
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 342.29

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 57600.00
  • Gross Operating Income: 56448.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1850.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 36111.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 20337.00
  • Other Income1: 315.00
  • Other Income Description: Water/sewer
  • Rent Control: No
  • Total Expenses: 13352.00
  • Vacancy Allowance: 1152

Tax Info

  • Tax Census Tract: 7.00
  • Tax Lot: 1

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
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
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)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25102642

California Regional Multiple Listing Service (CRMLS)

California Butte County Chico 95926 Chico Vecino

570 E 3rd Ave, Chico, CA

This home is located at 570 E 3rd Ave, Chico, CA 95926 and is currently priced at $599,000, approximately $342 per square foot. This property was built in 1948. 570 E 3rd Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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Michael Lee
Listing Agent
Michael Lee
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Ryno Company
(530) 422-0236