1020 W 4th, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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1020 W 4th
Chico, California 95928
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,482Sq Ft
8,712Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$784,465
SUMMARY
This duplex presents a High-Potential Investment Opportunity with a List Price of $799,000, positioned slightly above the $784,466 Fair Market Value. While not a discount purchase, the property offers a strategic advantage through seller-provided financing at 5.0%, significantly lowering the cost of capital. With a Condition Rating of 5, the asset requires interior modernization, yet benefits from recent roof replacements and a prime location near CSUC. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Value-Add Investors seeking long-term rental demand.
Estimated Market Value
$784,465
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1992 (32 years old) with no evidence of renovation. The kitchen features original oak cabinets and laminate counters, while the bedrooms have dated carpeting. The exterior photo shows a blue tarp on the roof, indicating active leaks or structural maintenance needs, placing it in the rehab category per the age criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Attractive Seller Financing
The seller offers a 5.5% interest rate with 20-25% down, providing a significant financing advantage over current market rates for investment properties.
- Prime Rental Location
Situated near California State University, Chico (CSUC), the property benefits from a high-demand rental market and a consistent history of occupancy.
- Recent Capital Improvements
Featuring new roofs and well-maintained interiors, the property minimizes immediate maintenance costs and capital expenditures for a new owner.
CONSRISKS & DEFICIENCIES
- Financing Balloon Payment
The seller financing terms require a full payoff within 8 to 10 years, necessitating a future refinance or sale which carries interest rate risk.
- Limited Parking
With only limited off-street parking available for two separate homes, parking may be a constraint for multiple tenants in a high-density university area.
About 1020 W 4th
This is a great opportunity to have income property with 2 homes on 1 lot. New roofs, clean and well maintained. Solid rental history. This location is close to CSUC and services. Fenced back yards, some off-street parking on driveway. Low maintenance yard. But best of all, seller would like to finance with 20%-25% down with a 30-year amortization at 5.0% all due in 10 to 15 years. Buyer to provide qualifying information.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1992
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.3 |
| Baths | 0.0 | 2.5 |
| Square foot | 3,482 | 2,092.462 |
| Lot Size | 8,712 | 9,817.769 |
| Price | $799.0K | $531.5K |
| Price per sq ft | $229 | $212 |
| Built year | 1992 | 1959 |
| HOA | $0 | $0 |
| Days on market | 131 | 79 |
Pricing History
Listed for Sale
Aug 11, 2026
$799,000
$875,000
-9% Price Drop
Initial Listing
Price Change
May 1, 2026
$875,000
Initial Listing
Sold
May 21, 2010
$559,000
Public Record