1268 Manzanita Ave, Chico, California 95926, Chico, 95926 - 3 bed, 1 bath
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Chico, California 95926
This Versatile Value-Add Residence is a Prime Investment Opportunity, listed at $329,000—positioned well below the $341,939 Fair Market Value by 3%. This valuation gap offers $12,939 in Instant Equity. While the property holds a Condition Rating of 4 requiring cosmetic modernization, its expansive 11,326 sqft lot and flexible bonus room provide significant upside for forced appreciation or an ADU. Located in the Chico Unified district near Pleasant Valley High, it balances lifestyle convenience with investment potential. This is an ideal entry point for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1268 Manzanita Ave Subject | $329,000* List Price | 3 | 1 | 1,178 | $290 | - |
A 1280 Dale Sold | $365,000 | 3 | 1 | 1,050 | $348 | 0.1 mi |
B 1276 Dale Way Sold | $346,500 | 3 | 1 | 1,050 | $330 | 0.1 mi |
C 1280 Calla Lane Sold | $415,000 | 4 | 2 | 1,412 | $294 | 0.3 mi |
D 7 Terrace Drive Sold | $325,000 | 3 | 1 | 1,328 | $245 | 0.3 mi |
E 1273 East Avenue Sold | $364,000 | 3 | 1 | 1,070 | $340 | 0.5 mi |
F 178 Terrace Drive Sold | $402,000 | 3 | 1 | 1,166 | $345 | 0.3 mi |
G 1024 Sheridan Active Under Contract | $379,000 List Price | 3 | 1 | 1,217 | $311 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this property is in mostly original condition and requires modernization. The kitchen is significantly dated with visible wear and peeling on the wood cabinetry, while the interior features a mix of older parquet flooring, dated red carpeting, and some newer laminate. While the home appears maintained and livable, the vintage infrastructure, aged light fixtures, and single-bathroom layout for a three-bedroom home indicate a need for minor repairs and cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1178.
The floor plan includes a bonus room and a separate den/family room in addition to the main living area, providing rare flexibility for a home office, guest quarters, or multiple recreation zones.
Ideally situated near top-rated schools like Pleasant Valley High and Neal Dow Elementary, as well as local parks and shopping, making it a highly desirable spot for families and commuters.
With three bedrooms plus a bonus room, the single bathroom configuration may present a functional challenge for larger households or when hosting guests.
Built in 1953, the property may require updates to its original systems or cosmetic finishes to align with modern energy efficiency and contemporary aesthetic standards.
Welcome to 1268 Manzanita—where space, flexibility, and an unbeatable Chico location come together. This home features 3 bedrooms, 1 bathroom, plus a versatile bonus room perfect for a home office, guest space, or hobbies. Enjoy both a main living room and a separate den/family room, offering plenty of room to relax, entertain, or spread out. Step outside to a covered, screened-in porch that opens to a spacious backyard with endless potential—ideal for gardening, play, or creating your own outdoor retreat. Located just minutes from Pleasant Valley High School, Neal Dow Elementary, parks, shopping, and local gyms, this home delivers the perfect blend of convenience and lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,178 | 1,664 | 20% |
| Lot Size | 11,326 | 8,712 | 72% |
| Price | $329.0K | $440.0K | 11% |
| Price per sq ft | $279 | $290 | 44% |
| Built year | 1953 | 1964 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 177 | 1% |
Apr 8, 2026
$329,000
Initial Listing