
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 0 bd · 0 ba · 1,271 sqft · $260 | $329,900* List Price | 0 | 0 | 1,271 | $260 | - |
A 1012 Poppy Street Sold 4 bd · 2 ba · 1,302 sqft · $204 · 0.5 mi | $265,000 | 4 | 2 | 1,302 | $204 | 0.5 mi |
B 543 W 6th Street Sold 0 bd · 0 ba · 1,594 sqft · $244 · 0.3 mi | $389,000 | 0 | 0 | 1,594 | $244 | 0.3 mi |
C 1514 Salem Street Sold 2 bd · 1 ba · 1,008 sqft · $332 · 0.9 mi | $335,000 | 2 | 1 | 1,008 | $332 | 0.9 mi |
D 1236 Ivy Street Active 3 bd · 1 ba · 1,184 sqft · $308 · 0.6 mi | $365,000 List Price | 3 | 1 | 1,184 | $308 | 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 well 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. Recently improved with NEW kitchen countertops, a NEW stainless steel kitchen sink and faucet, NEW plumbing and supply lines, a NEW garbage disposal, and a NEW faucet in the smaller bathroom! These fresh updates add even more appeal to an already attractive property. Just minutes from Chico State and downtown, this home offers the perfect combination of convenience, comfort, and investment potential. Whether you’re looking for a home for your college student or an income-producing rental, this property checks all the boxes. It has been consistently rented to students year after year, offering an established 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. With its desirable location near Chico State, recent improvements, and appeal to both owner-occupants and investors, this is an opportunity 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 | 1,720.576 |
| Lot Size | 5,663 | 7,994.042 |
| Price | $329.9K | $487.0K |
| Price per sq ft | $260 | $303 |
| Built year | 1945 | 1992 |
| HOA | $0 | $154 |
| Days on market | 87 | 56 |
Sep 30, 2026
$329,900
$349,500
-6% Price Drop
Initial Listing
Jul 29, 2026
$349,500
Initial Listing
Apr 6, 2007
$220,000
Public Record