
Chico, California 95926
This Dual-Unit Residential Property is a Strong Value Opportunity, listed at $565,000—positioned above the $532,777 Fair Market Value. While priced slightly above the current estimate, the property’s Good Condition Rating and Dual-Unit Income Potential provide immediate utility. Featuring a 3-bedroom main house and a 2-bedroom ADU, this asset is perfectly situated near Chico State University to capture high rental demand. This versatile layout is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house hack and offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1411 N Cherry Street Subject 5 bd · 3 ba · 1,858 sqft · $287 | $565,000* List Price | 5 | 3 | 1,858 | $287 | - |
A 17 Buttercup Court Sold 3 bd · 2 ba · 2,091 sqft · $265 · 0.9 mi | $555,000 | 3 | 2 | 2,091 | $265 | 0.9 mi |
B 1126 W 11th Avenue Sold 3 bd · 2 ba · 1,853 sqft · $258 · 0.7 mi | $479,000 | 3 | 2 | 1,853 | $258 | 0.7 mi |
C 1339 Laburnum Avenue Sold 5 bd · 4 ba · 2,135 sqft · $257 · 0.7 mi | $549,000 | 5 | 4 | 2,135 | $257 | 0.7 mi |
D 719 Picaso Lane Sold 3 bd · 2 ba · 1,621 sqft · $271 · 0.8 mi | $439,000 | 3 | 2 | 1,621 | $271 | 0.8 mi |
E 1504 La Linda Sold 4 bd · 2 ba · 1,705 sqft · $254 · 0.9 mi | $432,500 | 4 | 2 | 1,705 | $254 | 0.9 mi |
F 1559 La Linda Lane Sold 4 bd · 2 ba · 1,705 sqft · $302 · 1.0 mi | $515,000 | 4 | 2 | 1,705 | $302 | 1.0 mi |
G 10 Savannah Sold 3 bd · 2 ba · 1,606 sqft · $321 · 0.6 mi | $515,000 | 3 | 2 | 1,606 | $321 | 0.6 mi |
H 1048 Gateway Pending 3 bd · 3 ba · 2,109 sqft · $237 · 0.6 mi | $499,000 List Price | 3 | 3 | 2,109 | $237 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 18-year-old property fits the 10-20 year criteria for 'Good' condition. The home is well-maintained and move-in ready with functional systems including central HVAC and dual-pane windows. Interior features like the laminate flooring and new bedroom carpets show pride of ownership, while the kitchen and baths, though dated with original tile counters, remain fully functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1858.
The property features a 3-bedroom main house and a 2-bedroom ADU, offering exceptional flexibility for house hacking, multi-generational living, or a high-yield investment strategy.
Located less than a mile from Chico State University and near downtown, the property is ideally situated to capture high rental demand from students and faculty.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1858, other record living area = 840. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
With two separate dwellings and two garages on a 7,841 sqft lot, private outdoor space and separation between units may be constrained.
While each unit has a one-car garage, a five-bedroom total capacity may lead to parking friction if occupied by multiple individual renters or large households.
Are you looking for a home with a second unit? Look no further! This home is the perfect opportunity to live in one home and rent the other, rent both units adding this property to your investment portfolio, or even have an opportunity for a multigenerational set-up. The main home features 3 bedrooms, 2 bathrooms, and a darling front porch. The main home offers dual pane windows, central heating/air conditioning, laminate flooring, new carpet in the bedrooms, ceiling fans, tile counters in the kitchen with all appliances included. There is stacked indoor laundry and sliding glass door leading to the backyard. The primary bedroom has an en suite bathroom, a walk-in closet, French doors, a vaulted ceiling, and a private entrance that leads to the front yard. The ADU is a 2 bedroom, 1 bathroom unit with an open floor plan, dual pane window, ceiling fans, central heating/air conditioning, and generous sized bedrooms. Each unit has a one car garage with the ADU having attached garage access for extra storage and laundry. Under a mile to the edge of the Chico State University campus, 1 mile from Oak Way Park, and under 2 miles to the heart of Downtown Chico, this location is ideal for a wide range of renters or owner-occupied buyers. Don't miss your opportunity to house hack, own a rental, or get everyone at the same address, this one could be perfect for all three scenarios!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,858 | 1,720.576 |
| Lot Size | 7,841 | 7,994.042 |
| Price | $565.0K | $487.0K |
| Price per sq ft | $304 | $303 |
| Built year | 2006 | 1992 |
| HOA | $0 | $154 |
| Days on market | 12 | 56 |
Oct 12, 2026
$565,000
Initial Listing
Aug 6, 2009
$275,000
Public Record
Dec 13, 2006
$415,000
Public Record