
Chico, California 95928
This Dual-Unit Residential Asset is a High-Potential Investment Opportunity, listed at a List Price of $430,000—positioned well above the $374,776 Fair Market Value by -14%. While priced above market, the property offers significant utility through its Dual-Unit Configuration and Barber District location. With a Condition Rating of 4, the units provide functional, clean living spaces that allow for immediate rental income. This versatile property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1130 Hazel Street Subject | $430,000* List Price | 0 | 0 | 1,245 | $314 | - |
A 1200 Ivy Street Sold | $306,425 | 3 | 2 | 1,102 | $278 | 0.1 mi |
B 1608 Broadway Sold | $385,000 | 3 | 2 | 1,141 | $337 | 0.5 mi |
C 1048 W 5th Sold | $315,000 | 4 | 3 | 1,190 | $265 | 0.6 mi |
D 1514 Salem Street Sold | $335,000 | 2 | 1 | 1,008 | $332 | 0.4 mi |
E 782 E 8th Sold | $360,725 | 2 | 1 | 1,080 | $334 | 0.8 mi |
F 329 W 12th Street Sold | $335,000 | 2 | 1 | 984 | $340 | 0.2 mi |
G 1640 Hemlock Street Sold | $310,000 | 2 | 1 | 974 | $318 | 0.7 mi |
H 543 W 6th Street Sold | $389,000 | 0 | 0 | 1,594 | $244 | 0.4 mi |
I 754 E 8th Active | $453,000 List Price | 3 | 2 | 1,387 | $327 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987 (37 years old), the property is dated but functional. The kitchen features older cabinetry and a window AC unit, while the bathroom utilizes dated 4x4 tiling. While the listing describes the units as clean and move-in ready, the age of the systems and interior finishes exceeds 20 years, requiring cosmetic updates and minor maintenance to meet modern standards.
The property features two separate homes on a single lot, providing excellent flexibility for rental income, multi-generational living, or an owner-occupied investment strategy.
Situated in Chico’s desirable Barber District, the property offers high appeal due to its proximity to downtown, local shopping, restaurants, and amenities.
The front unit is well-maintained with charming features like a jetted tub and private yard, while the back unit includes modern essentials like central heat and air.
With a total of 1,245 square feet split between two residences, the individual units are relatively small, which may limit appeal for larger households.
The larger two-bedroom unit is accessed via an alleyway, which some residents may find less convenient or less prestigious than traditional street-front access.
Great investment opportunity in Chico’s desirable Barber District! This property offers two separate homes on one lot, making it a great option for rental income, multi-generational living, or an owner-occupied investment. The front unit is an adorable 1 bedroom, 1 bathroom home that is cute, clean, and full of charm. It features a laundry room, ceiling fan in the bedroom, a jetted tub/shower combo, a sweet white picket fence, its own yard space, and a storage shed. The back unit is accessed from the alley and offers 2 bedrooms and 1 bathroom with central heat and air, tile flooring, and ceiling fans in both bedrooms. With two homes, separate access, and a great location near downtown Chico, shopping, restaurants, and local amenities, this is a fantastic opportunity to add to your portfolio or live in one and rent the other. Don’t miss your chance to own a versatile property in one of Chico’s classic neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,245 | 1,797 |
| Lot Size | 5,663 | 8,276 |
| Price | $430.0K | $496.1K |
| Price per sq ft | $345 | $301 |
| Built year | 1987 | 1992 |
| HOA | $0 | $196 |
| Days on market | 41 | 52 |
Jun 11, 2026
$430,000
Initial Listing
Mar 24, 2021
$138,000
Public Record
Dec 13, 2018
$290,000
Public Record
Nov 14, 2007
$195,000
Public Record