1020 W 4th, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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Chico, California 95928
Analysis of 1020 W 4th, Chico, California 95928 is currently available with a list price of $875,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Chico Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
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.
The seller offers a 5.5% interest rate with 20-25% down, providing a significant financing advantage over current market rates for investment properties.
Situated near California State University, Chico (CSUC), the property benefits from a high-demand rental market and a consistent history of occupancy.
Featuring new roofs and well-maintained interiors, the property minimizes immediate maintenance costs and capital expenditures for a new owner.
The seller financing terms require a full payoff within 8 to 10 years, necessitating a future refinance or sale which carries interest rate risk.
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.
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 5.5% all due in 8 to 10 years. Buyer to provide qualifying information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,482 | 2,122.5 | 67% |
| Lot Size | 8,712 | 8,494 | 50% |
| Price | $875.0K | $527.5K | 83% |
| Price per sq ft | $251 | $250 | 50% |
| Built year | 1992 | 1967 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 199 | 17% |
May 1, 2026
$875,000
Initial Listing
May 21, 2010
$559,000
Public Record