195 E Shasta, Chico, California 95973, Chico, 95973 - 2 bed, 2 bath
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195 E Shasta
Chico, California 95973
ACTIVE
CONDITION: GOOD
2Beds
2Baths
5,267Sq Ft
20,473Lot Size
Property Price
LIST PRICE$625,000
SUMMARY
Great opportunity for an investor or owner-occupier: two well-maintained buildings on nearly half an acre, including a 1,344 SQ FT 2 bed, 2 bath home and a 3,923 SQ FT shop with a finished office, built in 1999. Priced competitively at $119/SQ FT, this property offers strong value for the combined square footage and income potential. Both buildings have a history of long-term tenancy and will be delivered vacant at close. The shop carries grandfathered commercial use rights under the current R2 (medium density residential) zoning, providing future development potential. Each unit is separately metered, both roofs were replaced in 2013, HVAC systems were replaced in 2023, and the property is served by both city sewer and CalWater.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the property was built in 1978, it is exceptionally well-maintained with critical system updates including a brand-new HVAC (2023) and a relatively recent roof (2013). The interior, though dated in aesthetic (specifically the bathrooms), appears clean, functional, and move-in ready, meeting the criteria for a well-maintained older home.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Mixed-Use Potential
The property features a unique combination of a 1,344 SQ FT residence and a massive 3,923 SQ FT shop with grandfathered commercial rights, offering exceptional flexibility for owner-users or investors.
- Recent Mechanical Upgrades
Significant capital improvements include brand-new HVAC systems installed in 2023 and roof replacements in 2013, minimizing immediate deferred maintenance costs for the new owner.
- Exceptional Price per Square Foot
Priced at just $119 per square foot for over 5,200 total square feet on nearly half an acre, this property provides strong value and high income potential relative to its acquisition cost.
CONSRISKS & DEFICIENCIES
- Zoning Complexity
The R2 medium-density residential zoning, while allowing grandfathered commercial use, may present challenges for traditional residential financing or limit specific future commercial expansions.
- Niche Market Appeal
The industrial-heavy nature of the lot, dominated by the large shop, may deter traditional residential buyers looking for a standard backyard or neighborhood aesthetic.
About 195 E Shasta
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1978
- Lot Size
- 20,473 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Oct 6, 2026
$625,000
Initial Listing
Sold
Nov 4, 2016
$460,000
Public Record
Sold
Dec 18, 1997
$117,000
Public Record