
Chico, California 95926
This property presents a High-Potential Investment Opportunity with a List Price of $329,000—positioned well below the $310,202 Fair Market Value by -6%. While the home carries a Poor Condition Rating due to its original 1961 state, the expansive 0.22-acre lot provides significant ADU & Expansion Potential. The presence of original hardwood floors and a brick fireplace offers a solid foundation for value-add restoration. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to capitalize on the property's significant equity-building potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2431 Mariposa Subject 2 bd · 1 ba · 1,164 sqft · $261 | $319,000* List Price | 2 | 1 | 1,164 | $261 | - |
A 1179 East Avenue Sold 3 bd · 2 ba · 1,148 sqft · $305 · 0.3 mi | $350,000 | 3 | 2 | 1,148 | $305 | 0.3 mi |
B 1551 Hawthorne Avenue Sold 3 bd · 2 ba · 1,274 sqft · $199 · 0.8 mi | $253,000 | 3 | 2 | 1,274 | $199 | 0.8 mi |
C 1268 Manzanita Ave Sold 3 bd · 1 ba · 1,178 sqft · $289 · 0.5 mi | $340,500 | 3 | 1 | 1,178 | $289 | 0.5 mi |
D 1555 Hawthorne Sold 2 bd · 1 ba · 1,080 sqft · $278 · 0.8 mi | $300,000 | 2 | 1 | 1,080 | $278 | 0.8 mi |
E 12 Lakewood Way Sold 3 bd · 2 ba · 1,144 sqft · $334 · 0.3 mi | $382,450 | 3 | 2 | 1,144 | $334 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961 and explicitly marketed as a 'true fixer,' the property retains original 60-year-old kitchen cabinetry and vintage tile bathrooms. The listing indicates a need for significant rehab and equity-building updates, placing it in the poor category due to age and lack of modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1164.
The generous 0.22-acre lot provides ample space for a potential Accessory Dwelling Unit (ADU) or home expansion, offering significant value-add opportunities for investors or developers.
With original hardwood floors preserved under the carpet and classic mid-century features like a brick fireplace, the home offers a solid foundation for a high-equity restoration.
Marketed as a 'true fixer,' the property requires substantial upfront capital investment to address its 1961 original condition and modernize essential systems.
The current 2-bedroom, 1-bathroom configuration may limit the buyer pool to smaller households or investors until a significant expansion is completed.
Chico Opportunity with Space, Character & Potential! Located in Central Chico, this home offers 2 bedrooms, 1 bath, plus an additional living space for many different options. Built in 1961, the home retains its original character, including classic wood paneling, vintage tile, wood flooring underneath the carpet, and a brick fireplace, while offering plenty of opportunity for a new owner to make it their own. Situated on a generous 0.22 acre lot, the property provides ample outdoor space and potential for future improvements. The lot and existing layout offer exciting possibilities for expansion or an ADU, buyer to verify with the appropriate city agencies. Conveniently located near the best of Chico, this property is a great opportunity for an investor, contractor, or buyer looking to create a home tailored to their vision. This is a true fixer with significant potential and is being offered with the opportunity to build equity through updates and improvements. Bring your vision and transform this property into something special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,164 | 1,720.576 |
| Lot Size | 9,583 | 7,994.042 |
| Price | $319.0K | $487.0K |
| Price per sq ft | $274 | $303 |
| Built year | 1961 | 1992 |
| HOA | $0 | $154 |
| Days on market | 65 | 56 |
Sep 19, 2026
$319,000
$329,000
-3% Price Drop
Initial Listing
Aug 20, 2026
$329,000
Initial Listing