358 E 12th Street, Chico, California 95928, Chico, 95928 - 2 bed, 2 bath
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Chico, California 95928
This Dual-Residence Income Property is listed at $499,999, reflecting the premium value of two modernized homes on a single lot within the Chico Unified district. Boasting a Condition Rating of 2, the property features a fully remodeled front house and a newly constructed 2022 ADU, ensuring minimal deferred maintenance. The configuration offers significant Dual-Income Potential with separate utility meters and private yards, maximizing High Available Lot Utilization. While priced above the $438,912 Fair Market Value, the turnkey status and rental readiness provide immediate utility. This is an ideal match for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 358 E 12th Street Subject | $499,999* List Price | 2 | 2 | 928 | $473 | - |
A 324 W 16th Street Sold | $435,000 | 4 | 2 | 1,132 | $384 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features two homes: a 1957 front house that has been extensively renovated with new windows, cabinets, countertops, appliances, flooring, and paint, and a back ADU newly constructed in 2022. All components across both units are new or virtually new, meeting current quality standards with no deferred maintenance.
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 = 928.
The property features two separate homes on a single lot with independent utility meters, making it an ideal opportunity for rental income, house hacking, or multi-generational living.
The front home has been fully remodeled with new windows, cabinets, countertops, and appliances, while the back ADU is a nearly new 2022 build, significantly reducing immediate capital expenditure.
The 3-bedroom ADU is limited to 800 sq. ft. and the front house is under 1,000 sq. ft., which may result in cramped interior layouts for larger households.
A recent price reduction from the original list price indicates the property may have faced initial challenges with market valuation or buyer demand in the current Chico market.
Are you in the market to purchase 2 charming homes on one lot in Chico? Then, you need to purchase this property. This property features 2 charming homes, the front home is a 2 bedroom 1.5 bath 928 sq. ft. home that was built in 1957. It has been recently remodeled with NEW exterior paint, NEW interior paint, NEW dual pane windows, NEW cabinets, NEW countertops, NEW appliances, NEW Flooring and a NEW updated downstairs bathroom. The back house is an adorable 3 bedroom 2 bathroom 800 sq. ft. ADU home that was built in 2022. Each home features their own privately fenced low maintenance yards, and separate utility meters. Don’t miss your opportunity to purchase this property!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 928 | 1,633 | 10% |
| Lot Size | 7,841 | 6,970 | 65% |
| Price | $500.0K | $465.0K | 60% |
| Price per sq ft | $539 | $294 | 98% |
| Built year | 1957 | 1993 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 595 | 166 | 0% |
Mar 26, 2026
$499,999
$549,999
-9% Price Drop
Initial Listing
Mar 12, 2026
$549,999
Initial Listing
Sep 4, 2024
$599,000
Initial Listing