
Chico, California 95926
This Multi-Dwelling Residential Asset is a Strong Value Opportunity, listed at $335,000—positioned well above the $312,208 Fair Market Value by 7%. Despite the premium, the property offers significant versatility with a detached studio and a large 12,197 sq. ft. lot. Featuring a Good Condition Rating with a new roof and electrical panel, it provides immediate stability. The dual-dwelling setup is ideal for generating rental income or multi-generational living. This property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-producing home near CSU Chico.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 573 White Subject 3 bd · 2 ba · 1,236 sqft · $253 | $335,000* List Price | 3 | 2 | 1,236 | $253 | - |
A 111 Macdonald Sold 3 bd · 1 ba · 1,060 sqft · $325 · 0.6 mi | $345,000 | 3 | 1 | 1,060 | $325 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1954, the property has undergone significant recent updates including a new roof, new electrical panel, and fresh interior/exterior paint. The interior features updated laminate flooring and vaulted ceilings, making it move-in ready and well-maintained, though the kitchen's open shelving and 1950s footprint place it in the 'Good' category rather than 'Excellent'.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 836.
The inclusion of a detached 1-bedroom, 1-bathroom studio provides significant flexibility for rental income, multi-generational living, or a private home office.
The property features a new roof, a new electrical panel, and fresh interior and exterior paint, reducing immediate maintenance costs and providing peace of mind for the buyer.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With only 836 square feet of total living area, the interior rooms and common spaces may feel constrained for larger households or those requiring more storage.
The main residence features only one bathroom, which can be a significant drawback for families or when hosting guests, potentially impacting daily convenience.
573 White Ave in Chico is a 2 bedroom, 1 bath home on a 12,197 square foot lot (about a quarter acre), with a detached 1 bedroom, 1 bath studio out back. The main house has an open layout with vaulted ceilings, tile flooring, and big sliding glass doors that let in a lot of light and open onto the backyard. The kitchen has open shelving, and a gas range, with a wood breakfast bar separating it from the living area. New roof, new electircal panel and fresh point exterior and interior. Outside, the fenced yard has a paver patio, a gravel seating area with room for a fire pit, and raised garden beds, plus plenty of extra space and a gate to the back of the lot. The detached studio gives you options: rent it out, house family, or use it as a home office. With a lot this size and two dwellings, the property works for owner-occupants and investors alike. It's minutes from downtown Chico, parks, and CSU Chico. Come see it.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,236 | 1,720.576 |
| Lot Size | 12,197 | 7,994.042 |
| Price | $335.0K | $487.0K |
| Price per sq ft | $271 | $303 |
| Built year | 1954 | 1992 |
| HOA | $0 | $154 |
| Days on market | 25 | 56 |
Sep 29, 2026
$335,000
Initial Listing
Feb 24, 2023
$324,000
Public Record
Aug 3, 2001
$125,000
Public Record