Property Description
Income-Producing 4-Unit Property Near CSU Chico
Located in a prime, centrally situated neighborhood just minutes from CSU Chico, this fully leased, income-generating property offers a fantastic investment opportunity. The property consists of four well-maintained units, plus billboard income, including:
Two Identical 2-Bedroom, 1-Bath Units: Built in 2022, these spacious, modern units feature open-concept living areas, sleek finishes, and contemporary design elements. Perfect for tenants seeking comfort and convenience, each unit offers two bedrooms, one bathroom, dishwasher, stacked laundry, covered front/rear patios and plenty of storage space.
The Duplex, with Mirrored Studio Floor Plans: Full gut and remodeled in 2022. This charming duplex offers two studio units with identical layouts, each designed for efficiency and style. Ideal for students, professionals, or short-term rentals, these units feature modern amenities and easy-to-maintain living spaces.
Billboard Lease Income: An additional source of revenue is provided by the on-site billboard lease, adding even more potential for passive income.
With its desirable location near CSU Chico, shopping, and grocery stores, this property offers both a steady cash flow and long-term investment potential. Built in 2022 with modern highlights throughout, including stainless steel appliances, quartz countertops, and energy-efficient systems, this property is as stunning as it is functional. Don't miss out on this rare opportunity to own a versatile, high-demand rental property in a thriving area!
Key Features:
4 units: 2 x 2-bed, 1-bath and 2 x mirrored studio floor plans.
Billboard lease for additional income.
Centrally located near CSU Chico, shopping, and dining.
High rental demand area with solid cash flow potential.
Perfect for investors or those seeking a property with multiple income streams.
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$14,997
TurboHome Estimated Value
$934,400
$360 sqft
High Valuation
$981,120
$378/sqft
Normal Valuation
$934,400
$360/sqft
Low Valuation
$887,680
$342/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $360/sqft | $934,400 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood
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Comparative Value
$645K
$869K
1519 Spruce Ave, Chico, CA 95926
Sale Price: $645,000
Selected Comparable
1122 W Sacramento Ave, Chico, CA 95926
List Price: $869,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT1122 W Sacramento Ave, Chico, CA 95926
List: $869,000
Listed: 11/22/2024
Area:2,598 sqft
Price/sqft:$334
Beds:1
Baths:1
Year Built:—
Lot Size:9,148
Comparable Properties
COMPARABLEChoose comps
1519 Spruce Ave, Chico, CA 95926
Sale: $645,000
5/5/2025 • 1.26 mi
Area:2,800 sqft
Price/sqft:$230
Beds:2
Baths:1
Year Built:—
Weight:100.0%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1122 W Sacramento Ave, Chico, CA 95926 | $869,000 | 2,598 | $334 | 9,148 | — | 11/22/2024 | 1 | 1 | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1519 Spruce Ave, Chico, CA 95926 | $645,000 | 2,800 | $230 | 9,148 | 1.26 mi | 5/5/2025 | 2 | 1 | — | 100.0% |
Nearby Listings
2 similar properties within 5 miles
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