
Chico, California 95926
Analysis of 1122 Stewart Avenue, Chico, California 95926 is currently available with a list price of $1,049,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Chico Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although originally built in 1908, the property has undergone an extensive recent remodel of all four units, including new roofs, flooring, cabinets, bathrooms, and appliances. With 3-year-old mini-split HVAC systems and updated interiors, it meets the criteria for a fully renovated property with minimal physical depreciation and no deferred maintenance.
Situated in a highly sought-after neighborhood near CSU Chico, the property benefits from consistent rental demand and proximity to local dining, shopping, and transportation.
The property has undergone extensive recent remodels, including new roofs, flooring, cabinets, and mini-split AC systems, significantly reducing immediate capital expenditure for a new owner.
With utilities already trenched to the rear of the property, there is a clear opportunity to construct an additional unit to further increase the rental yield and overall asset value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2489, other record living area = 1530.
The requirement of an accepted offer before any showings can be conducted may deter some buyers and complicates the initial due diligence process.
Unit 2 lacks the in-unit washer and dryer found in the other three units, which may lead to lower rental income or higher turnover for that specific unit.
Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential. Key Features: • 4 units with functional layouts • Prime location near Chico State, shopping, and dining • Strong rental history with excellent income potential • Off-street parking and shared outdoor spaces • Ideal for investors seeking stable, long-term returns • Potential to add an additional unit at the rear of the property (utilities already trenched) • Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms • New mini split air conditioning (3 years old) in each unit • Washer and dryer in all units except unit 2 Whether you're looking for a property with reliable rental income or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Mortgage may be transferable at discretion of lender. Please do not disturb tenants. No showings without an accepted offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,489 | 2,324.5 | 50% |
| Lot Size | 13,068 | 12,197 | 50% |
| Price | $1.05M | $625.0K | 83% |
| Price per sq ft | $421 | $222 | 83% |
| Built year | 1908 | 1952 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 548 | 218 | 0% |
Oct 21, 2024
$1,049,000
Initial Listing
Aug 24, 2018
$388,000
Public Record
May 26, 1999
$162,000
Public Record