$389,000
UNDER CONTRACT

Estimated payment $2,109/month

Total Views 5,101
4 Beds
4 Baths
1,594 Sq Ft
$244 Price per Sq Ft

Highlights

  • Popular Property
  • Property is near public transit
  • Corner Lot
  • Chico Junior High School Rated A-
  • Wood Flooring
  • High Ceiling

About This Home

Turnkey income, prime location, and built-in demand, this is what smart investing looks like. Located just blocks from California State University, Chico and the heart of downtown Chico, this fully occupied property offers immediate income and long-term potential in a consistently in-demand area. Currently tenant-occupied with four college renters in place, this property provides steady income from day one with a total monthly rent of $2,500. The proximity to campus, dining, shopping, and nightlife makes it a highly desirable location for student housing, helping support consistent occupancy. Set among Chico’s classic downtown charmers, this property combines the character tenants love with the location investors rely on, creating a strong, dependable addition to any portfolio.

Listing Agent

Robin Miller

Parkway Real Estate Co. Brokerage Phone: 530-521-4626 License #01483965 Listed on: 04/15/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 4,356 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Entry on the 1st floor
  • Pillar, Post or Pier Foundation
  • Shingle Roof

Interior Spaces

  • 1,594 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Living Room
  • Storage
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 8 / 90
  • Assessor Parcel Number 004217001000

Community Details

Overview

  • No Home Owners Association

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2400.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Gardener Expense: 1325.00
  • Parcel Number: 004217001000
  • Year Built: 1930
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, High Ceilings, Ceiling Fan(s), Pantry, Storage, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Carpet, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 244.04
  • Room Type: Primary Bedroom, Kitchen, Living Room, Primary Bathroom
  • Window Features: Double Pane Windows, Blinds, Screens

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Exterior Features: Rain Gutters, Lighting
  • View: Neighborhood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Self Cleaning Oven, Free-Standing Range, Range Hood, Gas Range, Gas Oven, Dishwasher
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room, Electric Dryer Hookup, Washer Hookup
  • Pest Control Expense: 455.00
  • Sewer: Public Sewer
  • Trash Expense: 424.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Curbs, Storm Drains, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level, Near Public Transit, Front Yard, Back Yard, Lawn, Yard
  • Lot Size Sq Ft: 4356.00
  • Lot Size Acres: 0.1000

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 30625.00
  • Gross Scheduled Income: 30625.00
  • Insurance Expense: 2329.00
  • Lot Size Area: 0.1000 Acres
  • Net Operating Income: 20399.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 1
  • Number With Carpet: 1
  • Number With Dishwasher: 1
  • Number With Drapes: 1
  • Number With Patio: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 10185.00
  • Rent Control: No
  • Total Actual Rent: 2500.00
  • Total Expenses: 10185.00

Tax Info

  • New Taxes Expense: 426.00
  • Tax Block: 90
  • Tax Lot: 8

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $565 $48,941 $12,727 $36,214
2024 $565 $47,982 $12,478 $35,504
2023 $559 $47,042 $12,234 $34,808
2022 $552 $46,121 $11,995 $34,126
2021 $538 $45,217 $11,760 $33,457
2020 $539 $44,754 $11,640 $33,114
2019 $532 $43,877 $11,412 $32,465
2018 $522 $43,018 $11,189 $31,829
2017 $507 $42,175 $10,970 $31,205
2016 $467 $41,349 $10,755 $30,594
2015 $465 $40,729 $10,594 $30,135
2014 $460 $39,932 $10,387 $29,545
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2026 04/15/26 For Sale $389,000 -- $244 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN26081192

California Regional Multiple Listing Service (CRMLS)

APN: 004-217-001-000

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