543 W 6th Street, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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Chico, California 95928
This Turnkey Income Asset presents a Prime Investment Opportunity with a List Price of $389,000—positioned well below the $397,620 Fair Market Value by 2%. This valuation gap offers $8,620 in Instant Equity for buyers. Maintaining a Condition Rating of 4, the 1930s residence generates $2,500 monthly rent from four existing tenants. Located blocks from CSU Chico, the property features a private patio and benefits from consistent student rental demand. This stable, cash-flowing acquisition is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 543 W 6th Street Subject | $389,000* List Price | 0 | 0 | 1,594 | $249 | - |
A 405 Cypress Street Sold | $409,000 | 3 | 1 | 1,376 | $297 | 0.7 mi |
B 1805 Hemlock Street Sold | $474,575 | 3 | 3 | 1,522 | $312 | 1.0 mi |
C 1805 Hemlock Street Sold | $474,575 | 0 | 0 | 1,522 | $312 | 1.0 mi |
D 1239 Broadway Street Sold | $386,000 | 6 | 3 | 2,220 | $174 | 0.5 mi |
E 1200 Ivy Street Sold | $306,425 | 3 | 2 | 1,102 | $278 | 0.4 mi |
F 1048 W 5th Sold | $315,000 | 4 | 3 | 1,190 | $265 | 0.3 mi |
G 1224 Locust Pending | $350,000 List Price | 4 | 2 | 1,455 | $241 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this property is a well-maintained but aged student rental. While the interior features some updates like laminate flooring in the dining area and newer paint, the overall aesthetic, kitchen cabinetry, and exterior siding show signs of being outdated. The property is functional and 'turnkey' for an investor, but it lacks the comprehensive recent renovations required for a higher score and shows the typical wear and tear associated with high-intensity rental use.
Situated just blocks from California State University, Chico and downtown, the property benefits from a high-demand rental market driven by student housing needs.
The property is fully occupied with a total monthly rent of $2,500, providing investors with turnkey income and steady returns from day one.
Built in 1930, this 'downtown charmer' offers the classic architectural appeal and character that is highly sought after in Chico’s historic neighborhoods.
As a structure built in 1930, the property may require more frequent maintenance or capital improvements to aging systems compared to newer builds.
Being utilized as student housing with four individual renters often results in higher wear and tear, potentially increasing long-term turnover and repair costs.
Turnkey income, prime location, and built-in demand, this is what smart investing looks like. Located just blocks from California State University, Chico and the heart of downtown Chico, this fully occupied property offers immediate income and long-term potential in a consistently in-demand area. Currently tenant-occupied with four college renters in place, this property provides steady income from day one with a total monthly rent of $2,500. The proximity to campus, dining, shopping, and nightlife makes it a highly desirable location for student housing, helping support consistent occupancy. Set among Chico’s classic downtown charmers, this property combines the character tenants love with the location investors rely on, creating a strong, dependable addition to any portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 1,594 | 1,640 | 46% |
| Lot Size | 4,356 | 6,969.8 | 20% |
| Price | $389.0K | $465.0K | 25% |
| Price per sq ft | $244 | $293 | 13% |
| Built year | 1930 | 1993 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 166 | 1% |
Apr 15, 2026
$389,000
Initial Listing