
Chico, California 95926
This Multi-Unit Compound is a Strong Value Opportunity, listed at $577,000—positioned well below the $581,300 Fair Market Value by 0.74%. This valuation gap offers $4,300 in Instant Equity. Featuring a Condition Rating of 3, the property includes a 1946 front house and a 2003 carriage house with modern LVP flooring and granite kitchen finishes. Located in the desirable Avenues, this asset provides immediate rental income. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1339 Laburnum Avenue Subject | $577,000* List Price | 5 | 4 | 2,135 | $272 | - |
A 1223 Spruce Sold | $515,000 | 4 | 3 | 1,843 | $279 | 0.1 mi |
B 1421 Citrus Avenue Sold | $580,000 | 5 | 3 | 1,767 | $328 | 0.5 mi |
C 1895 Lodge Pine Sold | $650,000 | 4 | 3 | 2,298 | $283 | 1.0 mi |
D 511 Sequoyah Avenue Sold | $484,000 | 3 | 2 | 1,666 | $291 | 0.9 mi |
E 3 Pinecrest Active | $625,000 List Price | 4 | 3 | 2,280 | $274 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features two well-maintained homes with significant updates. The 1946 front house includes a brand new roof, central HVAC, and dual-pane windows, while the 2003 carriage house has been recently refreshed with new LVP flooring and granite bath vanities. Both units are functional and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 2135.
The property features two separate, well-maintained homes on a single lot, providing immediate rental income of $1,650/month from the carriage house and excellent house-hacking or multi-generational living opportunities.
Situated in the highly sought-after 'Avenues' neighborhood, the property is minutes from Chico State, Enloe Health, and Bidwell Park, ensuring high tenant demand and long-term appreciation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2135, other record living area = 913.
With the primary residence dating back to 1946, buyers may face higher long-term maintenance requirements or potential updates needed for older plumbing and electrical systems compared to modern builds.
Accommodating two full residences on a 9,148 sqft lot results in higher site density and potentially smaller individual yard spaces than a traditional single-family home in the same price bracket.
Rare Chico Opportunity – Two Homes on One Lot! Whether you are searching for a smart investment, multi-generational living, or the perfect owner-occupied income property, this exceptional offering has it all. Ideally located in the Avenues; this versatile property features two separate homes on one lot just minutes from Chico State, Enloe Health, Bidwell Park, downtown Chico, shopping, and restaurants. The charming Front House offers approximately 1,225 square feet with 3 bedrooms and 2 bathrooms and has a proven rental history of no vacancy. Filled with character, it features a brand new roof, beautiful original hardwood floors, a new kitchen floor, expansive primate suite, indoor laundry, dual-pane windows, central heating and air conditioning, and a private fenced backyard with a relaxing patio. Privately situated behind the Front House, the Carriage House offers approximately 850 square feet with 2 bedrooms and 2 bathrooms. Built in 2003 this modern home features vaulted ceilings, all new flooring throughout, totally private from Front House and an open and airy feel. It has its own private fenced backyard and patio, and is currently tenant occupied, generating $1,650 per month in rental income. The home has new LVP flooring throughout, newer appliances in the kitchen, newer washer and dryer and new bath vanities with granite counter tops. There is private parking available for multi cars. With a strong rental history in a highly desirable location, this property offers outstanding flexibility for investors, extended families, or buyers looking to live in one home while generating income from the other. Opportunities like this are rare—two well-maintained homes, private outdoor spaces for each residence, and excellent income potential all wrapped into one exceptional Chico property. Don’t miss your chance to own this premier multi-unit compound designed for the serious investor or the savvy homeowner looking for a "house-hack".
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,135 | 1,797 |
| Lot Size | 9,148 | 8,276 |
| Price | $577.0K | $496.1K |
| Price per sq ft | $270 | $301 |
| Built year | 1946 | 1992 |
| HOA | $0 | $196 |
| Days on market | 6 | 52 |
Jul 16, 2026
$577,000
Initial Listing
Apr 9, 2015
$350,000
Public Record
Sep 8, 2010
$327,000
Public Record
Aug 13, 2002
$190,000
Public Record
Jun 13, 2000
$100,000
Public Record