
Chico, California 95973
This Dual-Unit Residential Property represents a Strong Value Opportunity, listed at $579,000—positioned well below the $600,078 Fair Market Value by 3%. This valuation gap offers $21,078 in Instant Equity for the buyer. With a Good Condition Rating, the property features a 3BR/2BA and 2BR/2BA layout, ideal for house hacking or rental income. Located near Bidwell Park, this versatile asset is perfect for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38 Kobe Loop Subject | $579,000* List Price | 0 | 0 | 2,287 | $262 | - |
A 1679 Arch Sold | $464,900 | 4 | 2 | 1,603 | $290 | 0.1 mi |
B 1638 Lance Sold | $500,000 | 3 | 2 | 1,673 | $299 | 0.4 mi |
C 20 Harkness Court Sold | $660,000 | 4 | 3 | 2,357 | $280 | 0.5 mi |
D 5 Marci Way Sold | $450,000 | 3 | 2 | 1,392 | $323 | 0.3 mi |
E 2637 Ceanothus Avenue Sold | $456,000 | 3 | 3 | 1,419 | $321 | 0.5 mi |
F 2749 Ceanothus Avenue Sold | $429,000 | 3 | 3 | 1,549 | $277 | 0.6 mi |
G 1281 Ravenshoe Way Active | $443,000 List Price | 4 | 3 | 1,546 | $287 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, the property is approximately 18 years old, placing it squarely in the 'Good' category. It is well-maintained and move-in ready, featuring recent functional upgrades such as new carpet and new stainless steel appliances. While the oak cabinetry and bathroom finishes are original to the build and appear dated, they remain in functional condition with no immediate maintenance required.
The property features two distinct living units (3BR/2BA and 2BR/2BA) with separate entrances and garages, offering exceptional potential for rental income or multi-generational living.
Ideally situated near Hooker Oak Park and Bidwell Park, this location provides residents with easy access to premier outdoor recreation, local schools, and shopping.
Built in 2008, the home boasts contemporary features including an open-concept layout, new stainless steel appliances, fresh carpet, and private outdoor living spaces for both units.
The 4,792 sqft lot is relatively compact for a dual-unit property, which may restrict private yard space for gardening or large-scale outdoor entertaining.
With two separate households sharing one lot and building structure, occupants may experience less privacy compared to a traditional detached single-family residence.
2 units, 1 lot, unbeatable location! Situated in North Chico near local favorites like Hooker Oak Park and Bidwell Park. Built in 2008, this exceptional property offers endless possibilities with a beautifully maintained 3-bedroom/2bath downstairs unit and a 2 bdrm 2 bath unit upstairs...both with their own garages. Whether you’re searching for a multi-generational living setup, an investment opportunity, or the chance to generate additional rental income, this property checks all the boxes. Step inside the 3 bdrm unit and immediately appreciate the bright, inviting atmosphere featuring fresh and new carpet. This home features the open-concept layout, abundant natural light, and a spacious living room designed for gathering with family and friends. The kitchen is ideal for the everyday chef, complete with warm wood cabinetry, generous counter space, new stainless steel appliances, and a convenient breakfast bar perfect for casual dining. The primary suite provides a comfortable retreat with a large closet and a private en suite bathroom suited for busy mornings. Additional highlights include ceiling fans throughout, indoor laundry, an attached 2-car garage, and a private covered patio ready for outdoor dining and summer barbecues. The upstairs unit offers privacy and flexibility with its own private entrance and separate amenities. Inside, you’ll find a spacious living area, a full kitchen, a primary bedroom with an en suite bath, an additional guest bedroom, a private balcony for enjoying the outdoors, and a designated 1-car garage. With income-producing potential, versatile living arrangements, an extensive list of amenities, and a prime Chico location close to parks, shopping, schools, and outdoor recreation, this is truly a rare opportunity you won’t want to miss!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 2,287 | 1,728 | 77% |
| Lot Size | 4,792 | 7,585 | 21% |
| Price | $579.0K | $500.0K | 64% |
| Price per sq ft | $253 | $303 | 12% |
| Built year | 2008 | 2005 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 129 | 3% |
Jun 11, 2026
$579,000
Initial Listing
Jan 11, 2008
$142,000
Public Record