1170 Hobart Street, Chico, California 95926, Chico, 95926 - 0 bed, 0 bath
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Chico, California 95926
This Dual-Income Residential Asset is a Strong Value Opportunity, listed at $495,000—positioned well below the $547,300 Fair Market Value by 9%. This valuation gap provides $52,300 in Instant Equity. Featuring two updated 2-bedroom homes in a Turnkey Condition Rating, the property offers fresh interior paint, updated fixtures, and a private patio. Its proximity to Chico State ensures high rental demand and long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1170 Hobart Street Subject | $495,000* List Price | 0 | 0 | 2,000 | $274 | - |
A 1202 Palm Active | $559,000 List Price | 5 | 3 | 2,240 | $250 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1928 property is in move-in ready condition following recent tasteful updates. The homes feature fresh interior and exterior paint, updated light fixtures, and new cabinet hardware. While the kitchen appliances are standard white models and the flooring includes traditional carpeting and vinyl, the overall maintenance is high with no immediate repairs required, fitting the criteria for a well-maintained, turnkey investment.
Featuring two separate 2-bedroom homes on a single lot, this property offers exceptional versatility for high-yield rental income, multi-generational living, or a 'live-in one, rent the other' strategy.
Ideally situated near Chico State and downtown, the property is positioned in a high-demand area for students and professionals, ensuring strong long-term appreciation and low vacancy rates.
Both units have been tastefully updated with fresh interior and exterior paint, modern fixtures, and hardware, providing a move-in ready opportunity that minimizes immediate capital expenditures.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1000.
Built in 1928, the property may require more frequent maintenance or future updates to aging core systems, such as plumbing and electrical, compared to modern constructions.
With two full-sized residences sharing a single lot in a dense central area, parking capacity and outdoor privacy between the units may be constrained for some occupants.
Two Homes on One Lot in the Heart of Chico! Ideally located near Chico State, downtown, and all the best of central Chico, both homes have been tastefully updated and are full of charm! Each home features 2 bedrooms, 1 bathroom, approximately 1,000 sq. ft. of living space, private laundry areas, and fenced yards, perfect for privacy and outdoor enjoyment. The front unit is picture-perfect with fresh exterior paint, beautiful curb appeal, a carport, and both front and back yard space, including a cozy patio area. Inside, the home has been freshly painted throughout, including the kitchen cabinets, and includes updated light fixtures, mirrors, fans, cabinet hardware, and more. The back unit is equally adorable, set behind a white picket fence with a spacious front yard and private setting. It boasts a large living area and an open-concept kitchen that feels bright and inviting. This is a rare find, two updated homes on one lot, in an unbeatable location. Don’t miss your chance to own this Chico gem!
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 | 2,000 | 2,080 | 50% |
| Lot Size | 9,583 | 10,890.2 | 33% |
| Price | $495.0K | $507.5K | 50% |
| Price per sq ft | $248 | $222 | 83% |
| Built year | 1928 | 1952 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 132 | 17% |
Mar 31, 2026
$495,000
Initial Listing
Jul 15, 2020
$415,000
Public Record
Nov 23, 2005
$304,000
Public Record