2050 Laburnum, Chico, California 95926, Chico, 95926 - 0 bed, 0 bath
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2050 Laburnum
Chico, California 95926
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,039Sq Ft
6,098Lot Size
Property Price
LIST PRICE$475,000
EST. MARKET VALUE
$479,040
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well below the $482,666 Fair Market Value by 1.6%. This valuation gap offers $7,666 in Instant Equity. Featuring two separate homes on one lot with individual PG&E meters, this asset offers significant rental upside despite its Fair Condition Rating. Its strategic location near CSU Chico and Enloe Medical Center ensures consistent demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$479,040
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2050 Laburnum Subject 0 bd · 0 ba · 2,039 sqft · $235 | $475,000* List Price | 0 | 0 | 2,039 | $235 | - |
A 409 Mission Santa Fe Circle Sold 4 bd · 2 ba · 1,979 sqft · $280 · 0.8 mi | $555,000 | 4 | 2 | 1,979 | $280 | 0.8 mi |
B 1617 Arcadian Sold 2 bd · 2 ba · 1,234 sqft · $284 · 0.6 mi | $350,000 | 2 | 2 | 1,234 | $284 | 0.6 mi |
C 331 Mission Serra Terrace Sold 3 bd · 3 ba · 1,797 sqft · $267 · 0.7 mi | $480,000 | 3 | 3 | 1,797 | $267 | 0.7 mi |
D 311 Mission Serra Sold 3 bd · 2 ba · 1,917 sqft · $274 · 0.7 mi | $525,000 | 3 | 2 | 1,917 | $274 | 0.7 mi |
E 719 Picaso Lane Sold 3 bd · 2 ba · 1,621 sqft · $271 · 0.9 mi | $439,000 | 3 | 2 | 1,621 | $271 | 0.9 mi |
F 505 Mission Santa Fe Sold 3 bd · 2 ba · 1,917 sqft · $284 · 0.8 mi | $544,000 | 3 | 2 | 1,917 | $284 | 0.8 mi |
G 344 Mission Serra Terrace Sold 3 bd · 3 ba · 1,797 sqft · $209 · 0.7 mi | $375,000 | 3 | 3 | 1,797 | $209 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1937, this property is significantly dated. Interior photos show older ceiling tiles and window AC units, indicating a lack of modern central HVAC. While functional as an income property, the finishes and systems appear to be over 20-30 years old, requiring cosmetic updates and likely system repairs to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The property features two separate homes on one lot with individual PG&E meters, offering an ideal setup for multi-generational living or a high-yield investment strategy.
- Flexible Financing
The availability of an owner-carry opportunity provides a strategic advantage for buyers seeking alternative financing options outside of traditional lending constraints.
- Strategic Location
Situated near Enloe Medical Center, CSU Chico, and Downtown, the property is perfectly positioned to attract a steady pool of high-quality tenants including students and medical professionals.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2039, other record living area = 1455.
- Vintage Construction
Built in 1937, the property may require significant updates to its core systems or structural components to meet modern building codes and energy efficiency standards.
- High Density on Small Lot
Accommodating two full residences on a 6,098 sqft lot results in limited outdoor space and potentially constrained privacy between the two units.
About 2050 Laburnum
TWO HOMES on ONE LOT! Attention seasoned and new investors! Live in one house and rent out the other or rent them both! Don't miss this fantastic opportunity to expand your portfolio with this income-generating property. Located at the edge of The Avenues, near Lindo Chanel with easy access to Enloe, CSUC, freeway access, and Downtown Chico, this property is a prime investment. Property features TWO separate homes, each with street frontage, separate PG&E meters, carports and fenced yards. The first home (2050 Laburnum) is a spacious 2 bedroom, 2 bathroom home with a bonus room, indoor laundry and approximately 1096 square feet of living area, plus a private fenced patio area. The second home (355 East Lindo) features 2 bedrooms, and 1 bathroom, indoor laundry and is approximately 943 square feet with large, fenced front yard. Second unit is tenant-occupied through the end of September. This property is not just an investment, but a strategic addition to your portfolio with its reliable income stream and close proximity to Chico's amenities. Seize the opportunity and take the next step in building on your financial future!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1937
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,039 | 1,720.576 |
| Lot Size | 6,098 | 7,994.042 |
| Price | $475.0K | $487.0K |
| Price per sq ft | $233 | $303 |
| Built year | 1937 | 1992 |
| HOA | $0 | $154 |
| Days on market | 71 | 56 |
Pricing History
Listed for Sale
Aug 14, 2026
$475,000
Initial Listing
Sold
Dec 11, 2003
$203,500
Public Record
Sold
May 4, 2001
$124,000
Public Record
Sold
May 2, 2000
$81,500
Public Record