1087 E 9th Street, Chico, California 95928, Chico, 95928 - 2 bed, 1 bath
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Chico, California 95928
This property presents a High-Potential Investment Opportunity with a List Price of $250,000—positioned well below the $246,494 Fair Market Value by -1.4%. While the home has a Fair Condition Rating, the 6,098 sqft lot and central location near downtown Chico offer significant upside for forced appreciation through modernization. The vintage 1927 infrastructure requires system upgrades, but the entry-level price point provides a stable foundation for value-add projects. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1087 E 9th Street Subject | $235,000* List Price | 2 | 1 | 780 | $306 | - |
A 1076 E 9th Street Sold | $275,000 | 2 | 1 | 839 | $328 | 0.0 mi |
B 2215 Laurel Street Sold | $215,000 | 2 | 1 | 715 | $301 | 1.0 mi |
C 1837 Hemlock Street Sold | $245,000 | 4 | 2 | 960 | $255 | 0.7 mi |
D 131 W 18th Street Sold | $302,000 | 2 | 1 | 864 | $350 | 0.8 mi |
E 399 Humboldt Sold | $285,000 | 2 | 1 | 842 | $338 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, this property shows signs of a basic renovation likely performed 15-20 years ago, including vinyl windows and laminate flooring. However, the kitchen remains dated with laminate countertops and older appliances. The lack of a central HVAC system (relying on wall heaters and window AC units) and the overall age of the structure place it in the Fair category, as it is functional but needs modernization and system upgrades.
Ideally situated near downtown Chico and Lower Bidwell Park, this property offers exceptional access to local dining, shopping, and recreational amenities.
Priced at $250,000, this home represents a high-value opportunity for first-time buyers or investors looking to enter the Chico market at an accessible price point.
The 6,098 sqft lot provides a spacious backyard and off-street parking, offering significant potential for gardening, outdoor entertaining, or future expansion.
With only 780 square feet of living area, the small footprint and 2-bedroom, 1-bathroom configuration may limit appeal for larger families or those requiring more storage.
Built in 1927, the property may require updates to its aging systems and infrastructure to meet modern energy efficiency and comfort standards.
Opportunity is knocking! Whether you’re looking to expand your investment portfolio or step into homeownership for the first time, this charming Chico property offers incredible versatility and value. Ideally located near vibrant downtown Chico, with quick access to the highway, Lower Bidwell Park, and a variety of local shops, dining, and recreation, this home places you right in the heart of it all. Inside, you’ll find a living area filled with natural light creating a warm and inviting atmosphere. The kitchen features white cabinetry, ample counter space, and an electric range. Additional highlights include indoor laundry, ceiling fans, off-street parking, a covered carport, and a spacious backyard with room to garden, entertain, or relax outdoors. Don’t miss this opportunity to own a centrally located Chico home with strong investment potential and everyday livability. This one is ready for its next chapter!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 780 | 1,797 |
| Lot Size | 6,098 | 8,276 |
| Price | $235.0K | $496.1K |
| Price per sq ft | $301 | $301 |
| Built year | 1927 | 1992 |
| HOA | $0 | $196 |
| Days on market | 22 | 52 |
Jul 18, 2026
$235,000
$250,000
-6% Price Drop
Initial Listing
Jun 30, 2026
$250,000
Initial Listing
May 21, 2010
$80,000
Public Record
Jan 10, 2002
$55,000
Public Record