
Chico, California 95928
This Dual-Unit Residential Property represents a High-Potential Investment Opportunity, listed at $449,000—positioned well above the $389,114 Fair Market Value. While priced above the current estimate, the property offers a Good Condition Rating and significant utility through its Detached Studio and Granite Kitchen updates. The dual-residence layout provides immediate rental income potential in a highly walkable location near downtown Chico. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating property in a prime neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1178 E 8th Street Subject | $449,000* List Price | 2 | 1 | 936 | $411 | - |
A 329 W 12th Street Sold | $335,000 | 2 | 1 | 984 | $340 | 1.0 mi |
B 1158 E 7th Street Sold | $430,000 | 3 | 2 | 1,260 | $341 | 0.1 mi |
C 1608 Broadway Sold | $385,000 | 3 | 2 | 1,141 | $337 | 1.0 mi |
D 1157 Broadway Street Sold | $444,000 | 2 | 2 | 1,033 | $430 | 0.9 mi |
E 1764 Elm Street Sold | $340,651 | 2 | 2 | 1,006 | $339 | 0.7 mi |
F 740 Orient Street Active | $435,000 List Price | 3 | 1 | 1,129 | $385 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1935, the property has undergone significant renovations that place it in the 'Good' category. Key updates include a remodeled kitchen with granite countertops and updated cabinetry, a renovated bathroom, and the installation of a modern ductless mini-split HVAC system. The detached studio also features modern finishes, making the entire property well-maintained and move-in ready.
The property features two separate residences on one lot, including a detached studio with a kitchenette and bathroom, offering immediate rental income or multi-generational living flexibility.
This 1935 Craftsman retains original hardwood floors and built-ins while featuring essential modern updates like a remodeled kitchen with granite countertops and a ductless HVAC system.
Situated just blocks from Lower Bidwell Park and downtown Chico, the property offers exceptional access to local amenities, parks, and dining in a highly desirable neighborhood.
With only 936 square feet in the primary residence, the interior layout may feel restrictive for families or those requiring more substantial living and storage areas.
The detached studio is currently occupied with a lease in place, which may delay full possession for owner-occupants or limit the buyer's ability to immediately adjust rental rates.
This Chico Craftsman Style house has retained the historic charm of it's era and it's local environs yet features many updates for modern comfort and convenience. Beyond the picket fence it's inviting front porch living and large back yard lend to seamless indoor/outdoor living. 1178 E. 8th Street offers charm, character and unique opportunity featuring 2 houses on one large lot. The front residence welcomes you through a charming fenced yard and onto a classic covered front porch that immediately feels like home. Inside, the 2-bedroom, 1-bathroom home offers 932 square feet with original hardwood floors and timeless built-ins that speak to the home’s history. The kitchen has been thoughtfully updated with granite countertops, updated cabinetry, flooring and a gas range. The ductless HVAC Mini-split system brings modern comfort to everyday living. Remodeled bathroom, and a dedicated laundry room with washer and dryer adds even more convenience. Beyond the main home, to the rear of the property, is a detached studio featuring an ample and modern kitchenette/living/sleeping area with separate spacious bathroom with walk-in shower. The unit provides additional income potential or additional living quarters for your family. The studio is currently occupied with a lease already in place. Located just blocks from Lower Bidwell Park, Big Chico Creek, Cape Acres, and downtown Chico. Your favorite destinations are just moments from your front door. The layout of the property creates a unique sense of openness, with tree lined alley access on two sides and the Chico Unified School District offices bordering the property this creates a setting that feels more spacious than you might expect this close to downtown. Whether you’re adding to your portfolio or looking for an investment in one of Chico’s most convenient locations, 1178 E. 8th Street offers a little bit of everything that makes this area so appealing. It’s the combination of Chico charm, walkability, and flexibility wrapped into one opportunity.
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 | 936 | 1,797 |
| Lot Size | 5,663 | 8,276 |
| Price | $449.0K | $496.1K |
| Price per sq ft | $480 | $301 |
| Built year | 1935 | 1992 |
| HOA | $0 | $196 |
| Days on market | 40 | 52 |
Jun 12, 2026
$449,000
Initial Listing
Apr 28, 2022
$359,000
Public Record
Mar 8, 2019
$265,000
Public Record
Apr 2, 2010
$180,000
Public Record