
Chico, California 95926
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $783,162 Fair Market Value by -2%. While the price reflects current market stability, the Mixed Use Zoning and dual-home configuration provide significant upside. Featuring a Condition Rating of 3, the asset includes a resurfaced pool and recent $15k sewer line replacement. This versatile property is ideal for Buy-and-Hold Investors seeking immediate rental income or Owner-Occupants looking to offset costs through a live-in rental strategy.
Property is move-in ready.
The property is move-in ready and well-maintained, currently operating as a successful Airbnb. It features significant recent capital improvements including a $15k sewer line replacement, resurfaced pool, new exterior paint, and a newer split HVAC system in the cottage. While the 1920s main house retains original character like hardwood floors, it has been thoughtfully updated with a remodeled handicap-accessible bathroom and new sunroom windows, though it does not represent a full-scale modern renovation required for an excellent rating.
The property features two separate, permitted homes on a single corner lot with commercial zoning, offering exceptional flexibility for Airbnb rentals, multi-generational living, or a professional live/work setup.
Recent high-value upgrades include a $15k sewer line replacement, a resurfaced pool with a new sweep, brand-new exterior paint, and a newer split HVAC system in the cottage, reducing immediate maintenance concerns.
Built in 1920, the main home retains timeless architectural details like soaring ceilings and original hardwood floors, while uniquely incorporating handicap-accessible features including a remodeled bathroom with a ramp.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2755, other record living area = 540.
Despite recent upgrades, a home of this vintage may still harbor underlying challenges typical of 1920s construction, such as aging electrical or plumbing systems not explicitly detailed as modernized.
Having been previously configured as an 8-bedroom property, the current floor plan may feel fragmented or require additional renovation to transition from a high-density rental back to a cohesive single-family residence.
Discover a rare investment opportunity with two charming homes on a popular corner Chico lot, each currently operating as successful Airbnbs! The main home, built in the 1920s, showcases timeless character with soaring ceilings, beautiful original hardwood floors, and a bright sunroom overlooking the pool with all-new windows. The thoughtful floor plan includes three bathrooms—one fully remodeled to be handicap accessible with railings and a ramp. Recent upgrades bring peace of mind, including brand-new exterior paint, a Trex front porch, and a replaced $15k sewer line. Outside, you’ll find an abundance of fruit trees—peach, cherry, and fig—adding to the charm of this unique property. The sparkling pool was resurfaced just last year and includes a brand-new pool sweep, creating the perfect summer retreat. At one time, the home was configured as an 8-bedroom property, offering easy potential to convert back for additional rental income. The permitted cottage, once a garage, has its own address and is currently an Airbnb favorite. It offers private laundry and versatile living space, along with a pool house featuring an on-demand hot water heater and a newer split HVAC system for comfort year-round. Whether you envision multi-generational living, a live/work setup thanks to the commercial zoning, or simply continuing its use as income-producing vacation rentals, this property offers unmatched versatility. Both homes enjoy private layouts, updated amenities, and flexible use options—live in one while renting the other, or maximize investment potential by running both as rentals. With ample parking, handicap-friendly updates, and prime proximity to Downtown Chico, Bidwell Park, schools, restaurants, and shopping, this property is as versatile as it is valuable. Opportunities like this—offering character, upgrades, and income potential—rarely hit the Chico market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,755 | - |
| Lot Size | 10,018.8 | - |
| Price | $799.0K | $645.0K |
| Price per sq ft | $290 | $150 |
| Built year | 1920 | 0 |
| HOA | $0 | $0 |
| Days on market | 292 | 198 |
Jun 3, 2026
$799,000
$899,000
-11% Price Drop
Initial Listing
Mar 12, 2026
$899,000
Initial Listing
Oct 3, 2025
$1,199,999
Initial Listing
Jun 25, 2008
$484,000
Public Record
Aug 4, 2005
$101,500
Public Record