
Chico, California 95928
This renovated duplex represents a Strong Value Opportunity, listed at $479,000—positioned well below the $510,445 Fair Market Value by 6%. This valuation gap offers $31,445 in Instant Equity for the next owner. Featuring a Mint Condition Rating with modern finishes and a private balcony, this property provides immediate rental income with tenants in place. Its prime downtown location near Bidwell Park ensures high tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hacking asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 735 Pine Street Subject | $479,000* List Price | 0 | 0 | 2,020 | $253 | - |
A 1001 Salem Street Sold | $490,000 | 0 | 0 | 2,032 | $241 | 0.5 mi |
B 1080 Ivy St. Sold | $525,000 | 0 | 0 | 2,103 | $250 | 0.8 mi |
C 831 Rio Chico Sold | $530,000 | 0 | 0 | 1,956 | $271 | 1.0 mi |
D 1326 Mulberry Active | $509,500 List Price | 0 | 0 | 1,932 | $264 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1925, the property has undergone a comprehensive recent renovation (likely within the last 5 years) featuring modern shaker-style cabinetry, updated vinyl plank flooring, refreshed bathrooms, and new appliances, placing it in mint, move-in ready condition.
The property is sold with tenants already in place, providing immediate rental income and a seamless transition for investors or house-hackers.
Situated in the heart of Downtown Chico near Bidwell Park, the property offers high tenant desirability due to its proximity to dining, shopping, and schools.
This 1925 duplex has been thoughtfully renovated with upgraded flooring, refreshed kitchens, and new appliances while preserving its original architectural character.
With a lot size of only 1,742 square feet for a 2,020 square foot building, the property offers very limited outdoor space or private yard area for tenants.
Despite modern surface renovations, the 1925 construction may involve aging underlying systems common to historic homes that require ongoing maintenance.
CHARMING DOWNTOWN CHICO DUPLEX INVESTMENT OPPORTUNITY WITH TENANTS IN PLACE! Discover a rare opportunity to own a beautifully renovated duplex that blends timeless character with modern comfort in the heart of Downtown Chico, just minutes from the iconic Bidwell Park. Whether you're seeking a strong investment property, a house-hacking opportunity, or a long-term rental asset, this versatile duplex offers exceptional potential. Both units have been thoughtfully updated while preserving the original charm and architectural character of the home. Modern finishes, upgraded flooring, refreshed kitchens, new appliances, and stylishly renovated bathrooms create warm and inviting living spaces that appeal to today's tenants. A key advantage of this property is that it is being sold with tenants in place, providing immediate rental income and a seamless transition for the next owner. The downstairs unit features 3 bedrooms and 1 bathroom, while the upstairs unit offers 2 bedrooms, 1 bathroom, and a private balcony, perfect for enjoying fresh air and outdoor relaxation. Additional highlights include spacious living areas filled with natural light, separate entrances for each unit, and separate utilitiesoffering flexibility and ease of management for investors. Ideally located in a highly desirable Chico neighborhood, the property is just minutes from downtown dining, shopping, schools, parks, and public transportation, placing residents close to everything the city has to offer. Two units. Prime location. Immediate income. Strong investment potential. This is a rare opportunity to secure a well-located duplex with reliable tenants already in place.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.3 |
| Baths | 0.0 | 2.5 |
| Square foot | 2,020 | 2,092.462 |
| Lot Size | 1,742 | 9,817.769 |
| Price | $479.0K | $531.5K |
| Price per sq ft | $237 | $212 |
| Built year | 1925 | 1959 |
| HOA | $0 | $0 |
| Days on market | 27 | 79 |
Aug 13, 2026
$479,000
Initial Listing
Feb 15, 2024
$97,000
Public Record
Feb 15, 2024
$89,500
Public Record
Aug 5, 2021
$332,500
Public Record
Jun 18, 2004
$255,000
Public Record
Feb 14, 2003
$115,000
Public Record
Jun 15, 2000
$85,000
Public Record