1915 Manzanita Avenue, Chico, California 95926, Chico, 95926 - 4 bed, 3 bath
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Chico, California 95926
This Spacious Single Family Residence is a High-Potential Investment Opportunity, listed at $540,000—positioned well below the $625,692 Fair Market Value by 13%. This valuation gap offers $85,692 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a Versatile Bonus Suite with a private entrance and an Expansive 0.41-Acre Lot. This property balances lifestyle comfort with financial upside, making it an ideal acquisition for Owner-Occupants seeking space or Buy-and-Hold Investors.
Property is move-in ready.
Built in 1968 but well-maintained with significant updates including a modernized kitchen with stone countertops and glass-tiled backsplash, an updated master bathroom, new bedroom carpeting, and the addition of leased solar panels. The home appears move-in ready and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17860, living area = 2570.
The inclusion of a large office or bonus room with its own private entrance and bathroom offers exceptional flexibility for multi-generational living, guest accommodations, or a professional home office.
Sitting on a generous 0.41-acre lot with mature landscaping, the property provides rare space and privacy in a prime location, with ample room to add a pool or ADU.
The solar system is leased rather than owned, which requires the buyer to assume a contract and may complicate the financing process or debt-to-income calculations.
Despite cosmetic renovations, the 1968 construction may still harbor original plumbing, electrical, or insulation components that could necessitate future capital improvements.
Check out this location! Are you looking for a home with space yet close to amenities? This wonderful 4 bedroom 2.5 bath house has an additional large office or bonus room (with its own entrance and bath) and is perfect for a home office, guests or additional family members! The house sits on .41 acre with mature landscaping and ample space for a pool or whatever your needs may be. You are sure to be impressed with the marble tile entryway and spacious living room with crown molding and laminate floors. New carpet in the bedrooms. The large family room features a gas fireplace that opens to the updated kitchen with beautiful stone countertops, glass-tiled backsplash and newer tile flooring. The dining area has beautiful wood flooring and is perfect for your entertaining! You will love the large master suite with walk-in-closet and updated bathroom with jetted tub. The property comes with leased solar. What's not to love?
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 2,570 | 1,617 | 92% |
| Lot Size | 17,860 | 7,841 | 90% |
| Price | $540.0K | $439.5K | 78% |
| Price per sq ft | $210 | $289 | 9% |
| Built year | 1968 | 1971 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 128 | 3% |
May 11, 2026
$540,000
Initial Listing
Dec 31, 2019
$415,000
Public Record