827 W 2nd Avenue, Chico, California 95926, Chico, 95926 - 4 bed, 2 bath
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827 W 2nd Avenue
Chico, California 95926
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,462Sq Ft
8,276Lot Size
Property Price
LIST PRICE$410,000
EST. MARKET VALUE
$374,034
9% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $410,000—positioned above the $374,035 Fair Market Value. While priced at a premium, the R-3 Zoning and large 8,276 sqft lot offer significant upside for future ADU or multi-unit development. Featuring a Condition Rating of 4, the home includes a newer roof and exterior paint, though the interior requires cosmetic updates. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a rental-ready asset in a high-demand college district.
Estimated Market Value
$374,034
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 |
|---|---|---|---|---|---|---|
★ 827 W 2nd Avenue Subject | $410,000* List Price | 4 | 2 | 1,462 | $256 | - |
A 1609 Citrus Sold | $399,000 | 3 | 2 | 1,322 | $302 | 0.5 mi |
B 1617 Arcadian Sold | $350,000 | 2 | 2 | 1,234 | $284 | 0.6 mi |
C 432 W 6th Sold | $392,000 | 2 | 1 | 1,256 | $312 | 0.5 mi |
D 1421 Hobart Street Sold | $360,000 | 3 | 2 | 1,248 | $288 | 0.3 mi |
E 135 Fairgate Sold | $350,000 | 3 | 2 | 1,345 | $260 | 0.5 mi |
F 243 W 3rd Avenue Sold | $380,000 | 3 | 2 | 1,261 | $301 | 0.5 mi |
G 226 W 6th Ave Active | $415,000 List Price | 2 | 2 | 1,272 | $326 | 0.6 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 1962, the home is well-maintained with a newer roof and exterior paint, but the interior is dated. The kitchen and bathrooms feature oak cabinetry and finishes consistent with a 15-25 year old renovation, requiring cosmetic updates to meet modern standards.
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 = 8276, living area = 1162.
- Development Potential
The large R-3 zoned lot provides significant investment upside, offering the flexibility for future ADU construction or multi-unit development in a high-demand area.
- Prime Rental Location
Situated in the heart of Chico’s college rental district near Chico State, this property is perfectly positioned for consistent occupancy and strong rental demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- High Bedroom Density
With 4 bedrooms configured within only 1,162 square feet, the individual room sizes and common living areas may feel cramped for residents.
- Limited Bathroom Ratio
The 1.5-bathroom layout is undersized for a 4-bedroom residence, which may be a drawback for larger families or multiple student tenants.
About 827 W 2nd Avenue
827 W 2nd Avenue is a clean, charming 4-bedroom, 1.5-bathroom home situated on a large R-3 lot in the heart of Chico’s popular college rental area. Located near Chico State, this property offers flexibility as a primary residence, parent/student investment, or rental opportunity, with additional potential for future ADU or multi-unit development, subject to city requirements and approvals. Inside, the home offers two separate living spaces. The main living room features hardwood floors, while the family room includes a cozy fireplace and opens to the dining area and kitchen, creating a comfortable layout for everyday living and entertaining. An indoor laundry area adds convenience. Recent updates include a newer roof installed within the last two years and a recently painted exterior. The leased solar system has low monthly payments that can help offset utility costs. With its desirable location, recent improvements, generous lot size, and R-3 zoning, 827 W 2nd Avenue offers both immediate livability and exciting possibilities for the future.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,462 | 1,721.208 |
| Lot Size | 8,276 | 8,138.524 |
| Price | $410.0K | $494.6K |
| Price per sq ft | $280 | $304 |
| Built year | 1962 | 1992 |
| HOA | $0 | $166 |
| Days on market | 19 | 54 |
Pricing History
Listed for Sale
Aug 21, 2026
$410,000
Initial Listing
Sold
Oct 30, 2020
$324,000
Public Record
Sold
Jan 18, 2019
$280,000
Public Record
Sold
Oct 25, 2016
$235,000
Public Record
Sold
May 8, 2009
$157,500
Public Record