131 W 3rd Ave Chico, CA 95926
Chico Vecino NeighborhoodEstimated payment $5,421/month
Highlights
- Laundry Room
- Forced Air Heating System
- Bike Trail
- Chico Junior High School Rated A-
About This Home
Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing.
Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/
1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.
Listing Agent
Keller Williams Realty Chico Area Brokerage Phone: 5302127373 License #01505777 Listed on: 03/19/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,098 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 1 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,512 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Utilities
- Forced Air Heating System
Listing and Financial Details
- Legal Lot and Block 8 / 69
- Assessor Parcel Number 003064014000
Community Details
Overview
- 2 Buildings
- 5 Units
Recreation
- Bike Trail
Building Details
- 5 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $1,980
- Insurance Expense $4,132
- Maintenance Expense $3,000
- Professional Management Expense $3,444
- Trash Expense $540
- Water Sewer Expense $1,752
- New Taxes Expense $9,075
- Operating Expense $23,923
- Gross Income $87,396
- Net Operating Income $63,473
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2026 03/19/26 | For Sale | $849,000 | -- | $154 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN26059148
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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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