1530 Oleander Avenue, Chico, California 95926, Chico, 95926 - 5 bed, 2 bath
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Chico, California 95926
Analysis of 1530 Oleander Avenue, Chico, California 95926 is currently available with a list price of $449,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Chico Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1914 (110+ years old) with no evidence of renovation, the property is explicitly marketed as a 'major fixer-upper' and 'development project' sold strictly 'As-Is.' The listing emphasizes the 0.7-acre lot and development potential, indicating the structure is likely unlivable and the value resides in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30492, living area = 2686.
The massive 0.7-acre lot with R1 zoning and highly desirable alley access provides a rare 'clean canvas' for adding ADUs or creating a multi-unit residential compound in the East Avenues.
Unlike many development sites, all core utilities—including public sewer, water, electricity, and natural gas—are already active on-site, significantly reducing pre-construction costs and timelines.
Marketed as a 'major fixer-upper' and sold strictly 'As-Is,' the property requires a total overhaul, which involves significant capital expenditure and potential structural risks.
Due to the distressed state of the structures, the property likely will not qualify for traditional conventional financing, limiting the buyer pool primarily to cash or hard-money investors.
Investor Opportunity in the East Avenues! Being sold strictly As-Is as a major fixer-upper/development project. This expansive property features a massive 0.7-acre single parcel (APN ending in 19000) boasting highly desirable alley access. Recent professional tree work and complete lot debris removal have already been completed, leaving a clean, level canvas for development or substantial rehabilitation. The 1914 structures retain classic historic charm ready to be brought back to life. All core utilities are already on-site and active, including public sewer, public water, electricity, and natural gas connections. Zoned R1. Incredible potential for an ADU addition, multi-unit layout, or a passion project.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,686 | 1,797 |
| Lot Size | 30,492 | 8,276 |
| Price | $449.0K | $496.1K |
| Price per sq ft | $167 | $301 |
| Built year | 1914 | 1992 |
| HOA | $0 | $196 |
| Days on market | 6 | 52 |
Jul 16, 2026
$449,000
Initial Listing
Feb 18, 2025
$405,000
Public Record