
Chico, California 95928
This Dual-Unit Residential Asset is a High-Potential Investment Opportunity, listed at $365,000—positioned well below the $383,889 Fair Market Value by 4%. This valuation gap offers $18,889 in Instant Equity for buyers. Featuring two separate homes on one lot with a Condition Rating of 4, the property provides exceptional rental demand or house-hacking potential near Downtown Chico. With alley access and private carports, it combines functional utility with strategic growth. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1012 Poppy Street Subject | $365,000* List Price | 0 | 0 | 1,302 | $295 | - |
A 1200 Ivy Street Sold | $306,425 | 3 | 2 | 1,102 | $278 | 0.5 mi |
B 1048 W 5th Sold | $315,000 | 4 | 3 | 1,190 | $265 | 0.5 mi |
C 1625 Chico River Road Sold | $370,000 | 3 | 2 | 1,120 | $330 | 0.5 mi |
D 1212 Salem Street Sold | $325,000 | 3 | 1 | 1,147 | $283 | 0.7 mi |
E 1430 W 4th Street Sold | $430,000 | 3 | 3 | 1,330 | $323 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, this property is functional but shows clear signs of age and outdated styling. The bathroom features older tile work and basic fixtures, and the kitchen retains dated tile countertops and electric cooktops. While the home appears to have been maintained through regular upkeep, it requires cosmetic modernization and minor repairs to meet current market standards.
The property features two separate homes on a single lot, providing an excellent opportunity for rental income, house-hacking, or a multi-generational living arrangement.
With alley access, a gated backyard, and dedicated covered carports for both units, the property offers enhanced privacy and practical convenience for multiple occupants.
Situated just minutes from Downtown Chico, the property offers a desirable balance of a quiet setting with quick access to local shops, dining, and urban amenities.
The main residence contains three bedrooms but only one bathroom, which may be a significant drawback for larger families or modern rental expectations.
Reflecting its 1958 construction, the home includes older features such as tile countertops and electric cooktops that may require capital investment to modernize.
Two homes on one lot! Whether you choose to live in one and rent the other or maximize the income potential by leasing both, this property offers a fantastic opportunity to grow your investment portfolio. Tucked just outside of town, yet only minutes from Downtown Chico where you can enjoy charming local shops and popular dining spots, this unique property features a 3 bedroom, 1 bathroom main home along with a separate 1 bedroom, 1 bathroom unit. Inside the main home, you’ll find lightly painted walls, abundant natural light, ceiling fans throughout and a large living room that is perfect for relaxing evenings at home. The bedrooms are comfortably sized and the bathroom is thoughtfully designed for your daily routine. The kitchen is equipped with everything you need to prepare your favorite meals, including white cabinetry, tile countertops, an electric cooktop and a generous walk-in pantry. The main home also includes its own laundry area, adding even more convenience to everyday living. The separate 1 bedroom unit offers its own private entrance and provides a comfortable living space complete with a cozy living area, functional kitchen and nicely sized bedroom. Plus, alley access and a gated backyard that is perfect for summer barbecues. Both homes also include their own covered carport, adding convenience and practicality. With excellent rental potential, versatile living options and a desirable location close to Chico’s conveniences, opportunities like this are rare. Don’t miss your chance to make this property yours!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 1,302 | 1,633 | 28% |
| Lot Size | 6,098 | 6,969.6 | 42% |
| Price | $365.0K | $465.0K | 19% |
| Price per sq ft | $280 | $292 | 36% |
| Built year | 1958 | 1993 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 166 | 1% |
Apr 9, 2026
$365,000
Initial Listing
Jul 18, 2003
$177,000
Public Record
Nov 1, 2001
$125,000
Public Record