
Chico, California 95926
This property presents a Strong Value Opportunity with a List Price of $320,000—positioned well below the $293,361 Fair Market Value by -9%. While the home requires significant rehabilitation due to its Condition Rating of 5, the prime location near CSU Chico and Bidwell Park offers excellent rental demand. The 6,534 sqft lot and detached garage provide a solid foundation for value-add improvements. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors looking to capitalize on a central, walkable asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1122 Sunset Subject | $320,000* List Price | 2 | 1 | 846 | $347 | - |
A 236 West 1st Avenue Sold | $367,000 | 3 | 2 | 1,068 | $344 | 0.8 mi |
B 1063 Arcadian Avenue Pending | $364,500 List Price | 2 | 1 | 1,068 | $341 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 with original hardwood floors and dated systems including a natural gas wall furnace. The listing explicitly calls for a buyer to 'roll up their sleeves,' and photos show an unfinished exterior structure with exposed house wrap, indicating the need for significant rehab rather than minor updates.
Situated in a highly desirable Central Chico pocket, the property is within walking distance to CSU Chico, downtown, and Bidwell Park, offering excellent rental potential and lifestyle convenience.
This 1940s home features original hardwood floors and classic architectural 'bones' that provide a unique charm and solid foundation often missing in newer construction.
The property includes a generous 6,534 sqft lot with a fenced backyard, a detached one-car garage, and a covered patio, providing ample space for expansion or outdoor entertaining.
With only 846 square feet and a single bathroom, the home's compact footprint may be restrictive for growing families or buyers seeking more modern, spacious proportions.
The property is positioned as a 'roll up your sleeves' project, implying that significant immediate investment in repairs and modernization is necessary to realize its full value.
Classic 1940s Chico charm on a quiet Central Chico street — walkable to CSUC, downtown, and Bidwell Park. This 2-bed, 1-bath home has a fenced backyard and a detached 1-car garage, the kind of bones you don't find in new construction. Original hardwood floors, natural gas wall furnace, and a covered patio ready for your own touch. Solid location, real character, and a rare shot at owning in one of Chico's most walkable pockets. Ready for someone to roll up their sleeves and make it their own.
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 | 846 | 1,721.208 |
| Lot Size | 6,534 | 8,138.524 |
| Price | $320.0K | $494.6K |
| Price per sq ft | $378 | $304 |
| Built year | 1940 | 1992 |
| HOA | $0 | $166 |
| Days on market | 6 | 54 |
Sep 3, 2026
$320,000
Initial Listing
May 1, 2023
$306,000
Public Record
Mar 9, 2017
$76,500
Public Record
Apr 5, 2007
$200,000
Public Record