559 East, Chico, California 95926, Chico, 95926 - 3 bed, 2 bath
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559 East
Chico, California 95926
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,485Sq Ft
7,405Lot Size
Property Price
LIST PRICE$329,000
EST. MARKET VALUE
$329,000
SUMMARY
This Versatile Office-Residential Asset is a High-Potential Investment Opportunity, listed at $329,000, which aligns with its $329,000 Fair Market Value. Featuring a Condition Rating of 4, the property offers immediate functionality with recent ADA-compliant upgrades and original hardwood floors ready for restoration. The Office Residential Zoning and high-visibility location provide unique flexibility for business operations or residential conversion. With a large lot size of 7,405 sqft, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a live-work setup.
Estimated Market Value
$329,000
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 559 East Subject 3 bd · 2 ba · 1,485 sqft · $222 | $329,000* List Price | 3 | 2 | 1,485 | $222 | - |
A 598 East Avenue Sold 3 bd · 2 ba · 1,524 sqft · $242 · 0.1 mi | $369,000 | 3 | 2 | 1,524 | $242 | 0.1 mi |
B 78 Ceres Circle Sold 3 bd · 3 ba · 1,892 sqft · $211 · 1.0 mi | $400,000 | 3 | 3 | 1,892 | $211 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1956, this property is well-maintained and functional but shows its age. While it features recent minor updates such as new kitchen tile counters, new vinyl flooring, and a refreshed ADA-compliant bathroom, the overall aesthetic remains dated with carpet covering original hardwoods and older cabinetry. It is move-in ready for office or residential use but requires further modernization to reach a higher quality tier.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1485.
- Versatile Zoning
The property is zoned for both office and residential use, offering unique flexibility for business owners, investors, or those seeking a live-work setup in a high-visibility location.
- Hidden Character and Potential
Original hardwood floors are preserved under the existing carpet, providing an excellent opportunity for buyers to restore classic charm and increase equity with minimal effort.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1485, other record living area = 1404. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Limited Bathroom Count
With only one full bathroom and a 1/4 bath serving three bedrooms and a bonus room, the layout may be restrictive for larger families or high-occupancy residential use.
- High-Traffic Location
While beneficial for a business, the high-visibility location likely results in increased street noise and less privacy, which may be a drawback for traditional residential buyers.
About 559 East
This classic 1950's home is zoned office residential and has been in use as an office space, but can also be used as a single family residence. The house is 3 bedrooms, plus bonus room, one full bath and 1/4 bath that was built ADA compliant for commercial use. The kitchen has new vinyl flooring and new tile counters and the ADA bathroom is freshly painted and has new vinyl flooring. The home has the original hardwood under the carpet in the living room and several bedrooms. The property is landscaped in the front and has a lawn in the backyard, auto sprinklers front and rear. This high visibility location could be a good possibility for a variety of office uses - check with city planning for what you need! Make an appointment for your tour today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,485 | 1,720.576 |
| Lot Size | 7,405 | 7,994.042 |
| Price | $329.0K | $487.0K |
| Price per sq ft | $222 | $303 |
| Built year | 1956 | 1992 |
| HOA | $0 | $154 |
| Days on market | 289 | 56 |
Pricing History
Listed for Sale
Jul 6, 2026
$329,000
$339,000
-3% Price Drop
Initial Listing
Price Change
Mar 12, 2026
$339,000
Initial Listing
Price Change
Jan 8, 2026
$349,000
Initial Listing
Sold
Jun 27, 2003
$160,000
Public Record
Sold
Apr 29, 1999
$46,000
Public Record