1029 Salem St Chico, CA 95928
Barber Yard NeighborhoodEstimated payment $3,229/month
Highlights
- Craftsman Architecture
- Wooded Lot
- No HOA
- Chico Junior High School Rated A-
- High Ceiling
- Neighborhood Views
About This Home
Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom units—each with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park—this is an incredible investment opportunity with prime location appeal!
Listing Agent
Parkway Real Estate Co. Brokerage Phone: 530-570-8489 License #01434090 Listed on: 06/19/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 7,841 Sq Ft Lot
- 1 Common Wall
- Wooded Lot
- Back and Front Yard
Home Design
- Craftsman Architecture
- Quadruplex
- Entry on the 2nd floor
- Composition Roof
Interior Spaces
- 2,277 Sq Ft Home
- 2-Story Property
- Crown Molding
- Wainscoting
- High Ceiling
- Ceiling Fan
- Blinds
- Living Room
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Driveway
- On-Site Parking
- Off-Street Parking
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
- Natural Gas Connected
Additional Features
- More Than Two Accessible Exits
- Outbuilding
Listing and Financial Details
- Legal Lot and Block 16,17 / 1
- Assessor Parcel Number 005094014000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $39,840
- Net Operating Income $27,784
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,760 | $343,295 | $130,214 | $213,081 |
| 2024 | $3,760 | $336,564 | $127,661 | $208,903 |
| 2023 | $3,716 | $329,965 | $125,158 | $204,807 |
| 2022 | $3,658 | $323,496 | $122,704 | $200,792 |
| 2021 | $3,586 | $317,154 | $120,299 | $196,855 |
| 2020 | $3,578 | $313,903 | $119,066 | $194,837 |
| 2019 | $3,517 | $307,749 | $116,732 | $191,017 |
| 2018 | $3,451 | $301,716 | $114,444 | $187,272 |
| 2017 | $3,377 | $295,800 | $112,200 | $183,600 |
| 2016 | $3,086 | $290,000 | $110,000 | $180,000 |
| 2015 | $1,667 | $152,703 | $53,265 | $99,438 |
| 2014 | $1,633 | $149,713 | $52,222 | $97,491 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/19/2025 06/19/25 | For Sale | $550,000 | +89.7% | $242 / Sq Ft | |
| 12/04/2015 12/04/15 | Sold | $290,000 | +0.3% | $145 / Sq Ft | View Prior Sale |
| 10/26/2015 10/26/15 | Pending | -- | -- | -- | |
| 10/16/2015 10/16/15 | For Sale | $289,000 | -- | $145 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $290,000 | Mid Valley Title & Escrow Co | |
| Interfamily Deed Transfer | $19,500 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $78,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN25136312
APN: 005-094-014-000
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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