
Chico, California 95928
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $349,500—positioned slightly above the $344,756 Fair Market Value. While the property is priced at market, its Condition Rating of 4 and proven track record as a student rental provide immediate stability. Featuring fresh paint, new carpet, and included appliances, the home is move-in ready for tenants. Its proximity to Chico State ensures consistent demand, making this a reliable asset for Buy-and-Hold Investors or parents of college students seeking a turnkey, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1038 W 5th Street Subject | $349,500* List Price | 0 | 0 | 1,271 | $274 | - |
A 1012 Poppy Street Sold | $265,000 | 4 | 2 | 1,302 | $204 | 0.5 mi |
B 1048 W 5th Sold | $315,000 | 4 | 3 | 1,190 | $265 | 0.0 mi |
C 543 W 6th Street Sold | $389,000 | 0 | 0 | 1,594 | $244 | 0.3 mi |
D 1514 Salem Street Sold | $335,000 | 2 | 1 | 1,008 | $332 | 0.9 mi |
E 329 W 12th Street Sold | $335,000 | 2 | 1 | 984 | $340 | 0.7 mi |
F 1130 Hazel Street Active | $430,000 List Price | 0 | 0 | 1,245 | $345 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1945, the home is well-maintained but significantly dated. The kitchen features older wood cabinetry and orange laminate countertops, and the bathroom vanity and fixtures are aged. While recent cosmetic updates like fresh paint and new carpet make it move-in ready, the primary systems (visible wall heater) and core aesthetics are over 20 years old and require modernization.
Situated just minutes from Chico State and downtown, this property is in a high-demand area for student housing, ensuring consistent rental interest and strong income potential.
The home features fresh interior paint, new bedroom carpeting, and includes all major appliances, making it a move-in-ready option for owners or immediate rental for investors.
With a track record of being consistently rented to students year after year, this property offers a reliable and low-risk opportunity for portfolio expansion.
Built in 1945, the home may require more frequent maintenance or future upgrades to its older structural and mechanical systems compared to modern residential builds.
The modest 5,663 square foot lot and 1,271 square foot living area may limit options for significant additions or large-scale outdoor developments.
Attention parents and investors! Don’t miss this exceptional opportunity to own a nicely maintained 3-bedroom, 2-bath home with over 1,200 square feet of living space in one of Chico’s most desirable college-area locations. Just minutes to Chico State and downtown, this property offers the perfect combination of convenience, comfort, and investment potential. Whether you’re looking for a home for your college student or a proven income-producing rental, this property checks all the boxes. It has been consistently rented to students year after year, making it an outstanding investment with a strong rental history. Inside, you’ll find a clean, move-in-ready interior featuring fresh paint, laminate flooring in the living area, new carpet in the bedrooms, and all major appliances—including the refrigerator, washer, and dryer—are included. The spacious, fully fenced backyard offers endless possibilities for outdoor activities or future enhancements. This is a rare opportunity to own a property in a high-demand location where student housing is always in demand. Whether you’re purchasing for a student, expanding your investment portfolio, or searching for a great value near Chico State, this property is one you won’t want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,271 | 1,721.208 |
| Lot Size | 5,663 | 8,138.524 |
| Price | $349.5K | $494.6K |
| Price per sq ft | $275 | $304 |
| Built year | 1945 | 1992 |
| HOA | $0 | $166 |
| Days on market | 42 | 54 |
Jul 29, 2026
$349,500
Initial Listing
Apr 6, 2007
$220,000
Public Record