591 E Lassen, Chico, California 95973, Chico, 95973 - 4 bed, 3 bath
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Chico, California 95973
This Versatile Income-Producing Asset is a Strong Value Opportunity, listed at $539,000—positioned well below the $578,520 Fair Market Value by 6%. This valuation gap provides $39,520 in Instant Equity. Boasting an Excellent Condition Rating, the property features a meticulously remodeled main home and a detached ADU for immediate rental income. With Zoning R2 on a 0.53-acre lot, it includes an unfinished third unit and RV parking within the Chico Unified district. This is a premier choice for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 591 E Lassen Subject | $539,000* List Price | 4 | 3 | 2,182 | $265 | - |
A 254 E Shasta Pending | $530,000 List Price | 3 | 2 | 1,766 | $300 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a meticulous recent renovation, featuring a new roof, new HVAC, and a new water heater. The interior showcases high-end finishes including a gourmet kitchen with quartz countertops and stainless steel appliances, professionally refinished original hardwood floors, and modern light fixtures, meeting the criteria for a fully renovated home 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 = 23087, living area = 2182.
The property includes a fully detached 1-bed, 1-bath ADU with its own address and an unfinished third unit, providing immediate rental income opportunities or multi-generational living flexibility.
The main residence features a comprehensive remodel including a new roof, HVAC, and water heater, along with a gourmet kitchen and refinished original hardwood floors, minimizing immediate move-in costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2182, other record living area = 1630. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Despite the extensive remodel, the 1940 original build date may imply underlying maintenance needs typical of older homes in areas not reached by recent updates.
The presence of an unfinished third unit requires the buyer to commit additional time, capital, and permitting efforts to fully realize the property's maximum density and value.
Discover this unique 4-bed, 3-bath property totaling over 2,100 sq ft, offering unparalleled flexibility and income potential. The main residence (3 beds, 2 baths) shines after a meticulous remodel with a new roof, new water heater, and new HVAC. The gourmet kitchen boasts quartz countertops, painted white cabinets, and stainless-steel appliances. Original hardwood floors have been professionally refinished throughout the main living areas, adding warmth and character. The primary suite is a true retreat, featuring a large walk-in closet and an exquisite en-suite bath with dual sinks, quartz counters, and a stunning, oversized walk-in shower. A fully detached 1-bed, 1-bath Accessory Dwelling Unit (ADU) with its own separate address provides immediate rental income or an ideal space for extended family. The expansive 0.53-acre lot, uniquely zoned R2, currently includes an unfinished 3rd-unit and an additional single-car garage bay/workshop, offering incredible development or storage potential/shop. Enjoy endless parking, dedicated RV parking with hookups and a dump station, circular driveway and mature citrus trees dotting the property. This is more than a home; it's a versatile asset. Don't miss this rare opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 2.0 | 61% |
| Square foot | 2,182 | 1,719 | 74% |
| Lot Size | 23,087 | 8,200 | 82% |
| Price | $539.0K | $490.0K | 61% |
| Price per sq ft | $247 | $300 | 11% |
| Built year | 1940 | 2001 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 180 | 1% |
Mar 23, 2026
$539,000
Initial Listing
Dec 20, 2023
$325,000
Public Record
Feb 28, 2013
$228,000
Public Record