1179 East Avenue, Chico, California 95926, Chico, 95926 - 3 bed, 2 bath
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Chico, California 95926
This Versatile Value-Add Asset is listed at $389,000, representing a market-aligned entry point relative to its $365,091 Fair Market Value. Currently holding a Fair Condition Rating, the 1960-built residence features owned solar and original hardwood floors, providing a functional foundation for modernization. The property’s standout feature is the OR (Office Residential) Zoning on a generous 10,890 sqft lot, allowing for professional office use, residential living, or multi-unit development. Situated in the Chico Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or Business Owners looking for high-visibility utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1179 East Avenue Subject | $389,000* List Price | 3 | 2 | 1,148 | $318 | - |
A 1280 Dale Sold | $365,000 | 3 | 1 | 1,050 | $348 | 0.5 mi |
B 1276 Dale Way Sold | $346,500 | 3 | 1 | 1,050 | $330 | 0.5 mi |
C 1280 Calla Lane Sold | $415,000 | 4 | 2 | 1,412 | $294 | 0.4 mi |
D 1273 East Avenue Sold | $364,000 | 3 | 1 | 1,070 | $340 | 0.2 mi |
E 837 Alice Sold | $426,500 | 3 | 2 | 1,066 | $400 | 1.0 mi |
F 1268 Manzanita Ave Active Under Contract | $329,000 List Price | 3 | 1 | 1,178 | $279 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this property is functional and well-maintained but clearly dated. While it features owned solar and hardwood floors, the bathrooms and interior fixtures appear to be over 20 years old, placing it in the 'Fair' category as it requires cosmetic updates and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1148.
The Office Residential zoning provides exceptional flexibility, allowing the property to be used as a primary residence, a multi-residential investment, or a professional office space.
The inclusion of an owned solar system is a significant value-add, offering the new owner immediate energy efficiency and long-term savings on utility costs.
Situated on East Avenue, a major Chico thoroughfare, the property may experience higher noise levels and traffic volume than typical residential side streets.
Built in 1960, the home may require ongoing maintenance or modernization of older systems and finishes to meet contemporary standards and buyer expectations.
Welcome to 1179 East Ave!! This charming and versatile 3 bedroom, 2 bathroom home offers comfort, character, and incredible potential. Featuring beautiful hardwood and laminate wood floors throughout, this well maintained property is filled with natural light and offers ample living space for a variety of lifestyles. Enjoy the benefits of owned solar, helping to keep energy costs down while supporting sustainable living. The pull through driveway provides convenient access to East Ave, making daily commutes and parking a breeze. One of the standout features of this property is its flexible zoning (OR), allowing for residential, multi-residential, or office use. An exceptional opportunity for homeowners, investors, or business owners alike. Step outside to a spacious backyard that serves as a clean canvas ready for your personal vision. Whether you dream of creating an outdoor oasis, garden retreat, or entertainment space, the possibilities are endless. The yard is accented by a variety of mature trees, adding both beauty and shade. Ideally located near a wide selection of shopping, dining, schools, and everyday conveniences, this home combines charm, functionality, and opportunity in one unique package.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,148 | 1,597.5 | 19% |
| Lot Size | 10,890 | 7,841 | 74% |
| Price | $389.0K | $434.5K | 33% |
| Price per sq ft | $339 | $291 | 84% |
| Built year | 1960 | 1971 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 128 | 4% |
Apr 27, 2026
$389,000
Initial Listing
Mar 8, 2021
$330,000
Public Record
Oct 8, 2014
$200,000
Public Record
Nov 3, 2011
$147,000
Public Record
May 24, 2011
$88,500
Public Record
Sep 12, 1997
$75,000
Public Record