349 W 6th Avenue, Chico, California 95926, Chico, 95926 - 3 bed, 2 bath
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Chico, California 95926
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well above the $277,078 Fair Market Value by -35%. While the valuation reflects a Condition Rating of 5, the large corner lot and proximity to Chico State and Enloe Hospital provide significant rental demand. The property features a spacious basement and off-street parking, offering a solid foundation for value-add renovations. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking to capitalize on the high-demand Avenues neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 349 W 6th Avenue Subject | $375,000* List Price | 3 | 2 | 1,377 | $201 | - |
A 1421 Hobart Street Sold | $360,000 | 3 | 2 | 1,248 | $288 | 0.2 mi |
B 977 Sarah Sold | $270,000 | 2 | 2 | 1,188 | $227 | 0.6 mi |
C 14 Knotts Glen Court Sold | $450,000 | 3 | 2 | 1,494 | $301 | 0.7 mi |
D 1407 Sunset Avenue Sold | $398,000 | 3 | 2 | 1,344 | $296 | 0.9 mi |
E 384 E Washington Sold | $447,500 | 3 | 2 | 1,512 | $296 | 0.7 mi |
F 1617 Arcadian Active | $355,500 List Price | 3 | 2 | 1,234 | $288 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910, this property shows significant age with interior finishes, including the bathroom and flooring, appearing over 30 years old. While some plumbing and windows have been updated, the overall condition requires a full rehab to meet modern standards, consistent with the listing's 'bring your vision' and 'potential' descriptors.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1377.
Situated in the desirable 'Avenues' neighborhood, the property is walking distance to Chico State University and Enloe Hospital, offering exceptional rental demand from students and medical professionals.
The large corner lot provides ample off-street parking and outdoor space, while the substantial basement offers rare additional square footage for storage or potential workshop use.
Built in 1910 and marketed as a property with 'potential,' it likely requires substantial cosmetic and functional upgrades to meet modern buyer expectations and maximize market value.
The use of pre-tenancy photos suggests that the current interior condition may differ from the marketing materials, potentially hiding wear and tear that could impact initial renovation budgets.
Prime location in the Avenues! This home sits on a large corner lot in a pretty neighborhood with tree-lined streets. Excellent opportunity for a homebuyer or an investor. Just 6 blocks from Chico State University, a couple blocks from Citrus Elementary, and about a block to Enloe Hospital, this property is perfectly positioned for rental potential. Ideal for traveling medical professionals or student housing! Inside, you’ll find large bedrooms, an open kitchen, and indoor laundry. A huge basement offers versatile space. Updates include some new fencing, windows, and plumbing, plus a new microwave. The large yard features a new gate and off-street parking. Bring your vision—this property has tons of potential! Cooperative tenants are vacating by the end of June. *Photos were taken prior to current tenants moving in.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,377 | 1,597.5 | 34% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $375.0K | $434.5K | 28% |
| Price per sq ft | $272 | $289 | 42% |
| Built year | 1910 | 1971 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 128 | 3% |
May 29, 2026
$375,000
Initial Listing
Apr 26, 2022
$375,000
Public Record
Jan 26, 2009
$125,000
Public Record
Oct 21, 2005
$267,500
Public Record