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
$487,132
SUMMARY
This property presents a Prime Investment Opportunity with a List Price of $475,000—positioned well below the $487,132 Fair Market Value by 2%. This valuation gap offers $12,132 in Instant Equity. Featuring two separate homes on one lot with individual meters, the property provides significant dual-income potential. While the Condition Rating of 4 indicates a need for modernization, the strategic location near CSU Chico ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add asset.
Estimated Market Value
$487,132
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 | $475,000* List Price | 0 | 0 | 2,039 | $239 | - |
A 409 Mission Santa Fe Circle Sold | $555,000 | 4 | 2 | 1,979 | $280 | 0.8 mi |
B 311 Mission Serra Sold | $525,000 | 3 | 2 | 1,917 | $274 | 0.7 mi |
C 331 Mission Serra Terrace Sold | $480,000 | 3 | 3 | 1,797 | $267 | 0.7 mi |
D 505 Mission Santa Fe Sold | $544,000 | 3 | 2 | 1,917 | $284 | 0.8 mi |
E 1617 Arcadian Sold | $350,000 | 2 | 2 | 1,234 | $284 | 0.6 mi |
F 1421 Hobart Street Sold | $360,000 | 3 | 2 | 1,248 | $288 | 0.8 mi |
G 529 Oak Mill Court Sold | $510,000 | 3 | 2 | 1,730 | $295 | 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.
Originally built in 1937, the property is functional but dated. Interior images show older finishes including drop-tile ceilings and painted floors rather than modern flooring. The presence of a window AC unit suggests a lack of updated central HVAC systems. While move-in ready for tenants, the units require cosmetic and system modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The property features two separate homes on one lot with individual street frontage and PG&E meters, offering excellent versatility for multi-generational living or maximizing rental yields.
- Flexible Financing
The availability of an owner-carry opportunity provides a rare and strategic financing advantage, making it accessible for investors looking to bypass traditional lending constraints.
- Strategic Location
Situated at the edge of The Avenues near CSU Chico and Enloe Medical Center, the property is perfectly positioned to attract high-quality tenants in a high-demand rental market.
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 Infrastructure
Originally built in 1937, the property may require significant capital expenditures for modernizing aging systems or addressing maintenance typical of homes from this era.
- High Density on Small Lot
With two homes occupying a 6,098 sqft lot, the outdoor space and privacy between units are limited, which could impact long-term tenant satisfaction or resale appeal.
About 2050 Laburnum
TWO HOMES on ONE LOT! OWNER-CARRY OPPORTUNITY! 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 | 1,721.208 |
| Lot Size | 6,098 | 8,138.524 |
| Price | $475.0K | $494.6K |
| Price per sq ft | $233 | $304 |
| Built year | 1937 | 1992 |
| HOA | $0 | $166 |
| Days on market | 26 | 54 |
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