2249 Holly Avenue, Chico, California 95926, Chico, 95926 - 3 bed, 3 bath
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Chico, California 95926
This property presents a Strong Value Opportunity with a List Price of $475,000—positioned well below the $506,918 Fair Market Value by 6%. This valuation gap offers $31,918 in Instant Equity. Featuring a Fair Condition Rating (4/10), the home offers significant upside through modernization of its vintage 1947 interiors. With a detached studio, private pool, and large shop on a 0.37-acre lot, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset in the Chico Unified district.
Property is moderate renovation needed.
The property was built in 1947 and features a kitchen and bathrooms with dated oak cabinetry and blue tile countertops consistent with a 20-30 year old renovation. While the home appears well-maintained and functional with a newer shop and pool, the interior finishes and older appliances are dated and require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 2225.
The property features two separate dwellings on one lot, including a main home and a detached studio, providing excellent opportunities for rental income or multigenerational living.
The expansive 0.37-acre lot is highly improved with a private swimming pool, a large dedicated shop for hobbies, and ample space for RV or boat parking.
Built in 1947, the structures may require modern updates to major systems or cosmetic finishes to meet the expectations of contemporary buyers.
Managing two separate units, a pool, a large shop, and extensive landscaping necessitates a higher-than-average commitment of time and budget for ongoing upkeep.
Rare opportunity to own two homes on one expansive lot, offering the perfect blend of privacy, versatility, and income potential. Tucked away on a large, private parcel, this unique property is ideal for multigenerational living, rental income, or creating your own private retreat. The main home is warm and inviting, while the detached STUDIO provides endless possibilities for extended family, guests, a home office, or supplemental rental income. Outside, you'll find a refreshing POOL, a spacious SHOP for hobbies, storage, or equipment, and plenty of room to park RVs, boats, or additional vehicles. Surrounded by mature landscaping that enhances the peaceful setting, the property feels like your own secluded oasis while still offering convenient access to nearby amenities. Whether you're looking for an investment opportunity, a flexible living arrangement, or simply extra space to enjoy, this exceptional property checks all the boxes. Properties offering two homes on one lot, a pool, shop, large lot, privacy, and studio income potential are few and far between. Don't miss your chance to make this one yours.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,225 | 1,797 |
| Lot Size | 16,117.2 | 8,276 |
| Price | $475.0K | $496.1K |
| Price per sq ft | $213 | $301 |
| Built year | 1947 | 1992 |
| HOA | $0 | $196 |
| Days on market | 5 | 52 |
Jul 17, 2026
$475,000
Initial Listing