Charming Income Property Near Chico State University – Ideal Investment Opportunity! Nestled in a quaint neighborhood on the west side of Chico, and conveniently situated near to Chico State University and the vibrant downtown Chico this income generating property is an attractive option for a variety of tenants. The charming main house features 2 bedrooms and 1 bathroom with a spacious laundry area that offers ample room for additional storage – a practical feature for tenants! Above the main house sits a bright and inviting 1 bedroom, 1 bathroom apartment. This property also offers an external storage shed sits amidst a lush, low-maintenance landscape, with off street parking. With a GSI of ~$23,500 a year, this property presents a lucrative opportunity for investors looking to expand their portfolio. PLEASE DO NOT DISTURB TENANTS.
Sold for $312,000 on 03/11/24
Listing Provided by:
Steve Depa DRE #00813533 530-514-6288,
Re/Max of Chico
$312,000
1422 W 7th St, Chico, CA 95928
--beds
--baths
1,150sqft
Duplex
Built in 1920
-- sqft lot
$318,200 Zestimate®
$271/sqft
$1,725 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 11, 2024 at 03:25pm
Listing Provided by:
Steve Depa DRE #00813533 530-514-6288,
Re/Max of Chico
Bought with:
Heather DeLuca, DRE #01919038
Re/Max of Chico
Source: CRMLS,MLS#: SN24017770
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Inside, See Remarks
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,150
- Total interior livable area: 1,150 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Size: 4,356 sqft
- Features: Back Yard
Details
- Parcel number: 004500073000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Chico
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange