1128 W 5th, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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Chico, California 95928
This Newly Remodeled 1925 Bungalow is listed at $349,000, positioned as a premium asset within the high-demand South Campus neighborhood. The valuation is supported by a $309,922 Fair Market Value, reflecting the home's Condition Rating of 2 and extensive recent upgrades. With an 89 Walk Score and proximity to CSU Chico, the property offers exceptional rental demand. Key features include a walkout basement and ADU potential, providing a clear path for forced appreciation. This versatile property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey residence in the Chico Unified School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1128 W 5th Subject | $335,000* List Price | 0 | 0 | 774 | $400 | - |
A 399 Humboldt Sold | $285,000 | 2 | 1 | 842 | $338 | 1.0 mi |
B 1220 Chestnut Street Sold | $335,000 | 2 | 1 | 848 | $395 | 0.7 mi |
C 1022 Poppy Active Under Contract | $329,000 List Price | 2 | 1 | 768 | $428 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1925 bungalow has been newly remodeled, featuring a turnkey interior with modern updates to the kitchen and bathroom. The property includes essential contemporary upgrades such as central heating and air conditioning, new flooring, and updated fixtures, meeting the criteria for an extensive renovation within the last five years.
With a Walk Score of 89 and proximity to CSU Chico and Downtown, this property is perfectly positioned for high rental demand and a vibrant lifestyle.
The inclusion of a walkout basement and space for a potential ADU provides a significant opportunity for investors to increase density and maximize ROI.
This 1925 bungalow blends historic character with essential modern upgrades, including a full remodel and central heating and air conditioning.
The 774-square-foot footprint is quite small for a three-bedroom layout, which may result in very small individual bedroom sizes and limited common areas.
Having only one bathroom for a three-bedroom home can be a significant drawback for multi-tenant occupancy or families, potentially limiting the tenant pool.
Classic Chico Charm Meets Unbeatable Investment Potential! Discover the perfect blend of lifestyle and opportunity at 1128 W 5th Street. Nestled in the heart of Chico’s vibrant South Campus neighborhood, this elegant, newly remodeled 1925-built bungalow offers the timeless character of Chico alongside a location that is virtually unmatched for rental demand. Spanning an efficient 774 square feet, this 3-bedroom, 1-bathroom home features a functional layout that maximizes every inch. Modern comforts like central heating and air and an included washer and dryer ensure a seamless living experience. The property sits on a 4,356 sq. ft. lot, highlighted by an expansive, fully fenced backyard - a private oasis perfect for summer gatherings, gardening, or quiet mornings. With a Walk Score of 89 and a Bike Score of 85, this property is a commuter’s dream. Whether you're a first-time buyer wanting to be near the action or an investor looking for a high-occupancy asset, the proximity to CSU Chico (0.8 miles) and the shops, restaurants, and nightlife of Downtown Chico makes this a premier piece of real estate. Homes in this pocket of the 95928 zip code are highly coveted for their consistent appreciation and strong historical rental performance. The residence also has a walkout basement, and there is room on the property to build an ADU (buyer to verify, see renderings in property photos). Whether you’re looking for a charming personal residence with a historic soul or a turnkey addition to your portfolio in a high-demand university district, 1128 W 5th Street is a rare find that delivers on both fronts.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 774 | 1,633 | 4% |
| Lot Size | 4,356 | 6,969.6 | 20% |
| Price | $335.0K | $465.0K | 19% |
| Price per sq ft | $433 | $294 | 96% |
| Built year | 1925 | 1993 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 166 | 3% |
Apr 18, 2026
$335,000
$349,000
-4% Price Drop
Initial Listing
Mar 12, 2026
$349,000
Initial Listing
Mar 5, 2026
$369,000
Initial Listing
Jan 31, 2024
$1,200,000
Public Record