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131 W 3rd

Chico, CA 95926
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Bed 0

Bed

Bath 0

Bath

SqFt5,512

Sqft

SqFt6,098

Sqft(Lot)

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 prese nt 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $829,000

AD Id : 76270708

MLS Id : SN26059148

Lot Size : 6,098 Sqft

Living Area Size : 5,512

Year Built : 1963

Garage : 1

County : Butte

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Feature Features

  • Interior Features

    Appliances: Dryer, Washer
    Laundry Features: In Garage
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1963
    Building Area Total: 5512
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 6098 Lot Size Acres: 0.14 Lot Size Source: Assessor Lot Size Square Feet: 6,098 Lot Description: 6-10 Units/Acre

  • Listing Price Information

    Listing Price: $829000
    Original Price: $849000
    Cash to New Loan

  • Tax Information

    Parcel Number: 003064014000 Tax Lot: 8 Tax Block: 69

  • Parking Information

    Parking Total: 1

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: From the Esplanade, turn West onto W 3rd Avenue. The property is located on the left (South) side of the street, between the Esplanade and Citrus Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
E 1st Avenue, Chico, CA, 95926 $380,000 3 1 940 940 SqFt
Ceres Manor Court, Chico, CA, 95926 $525,000 4 2 2,020 2,020 SqFt
Windsor Way, Chico, CA, 95926 $395,000 3 2 1,186 1,186 SqFt
Windsor Way, Chico, CA, 95926 $435,000 3 2 1,124 1,124 SqFt
Glenwood Avenue, Chico, CA, 95926 $775,000 4 3 3,021 3,021 SqFt
1915 Manzanita Avenue, Chico, CA, 95926 $530,000 4 2 2,570 2,570 SqFt
8 Creekwood Court, Chico, CA, 95926 $599,000 4 2 1,824 1,824 SqFt
6 Creekwood Court, Chico, CA, 95926 $499,000 4 2 2,032 2,032 SqFt
3 Shalimar Court, Chico, CA, 95926 $1,200,000 4 7 5,023 5,023 SqFt
2 Summerwood Court, Chico, CA, 95926 $490,000 3 2 1,853 1,853 SqFt

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ByOwner last updated this listing 07/23/2026 @ 17:17

MLS: SN26059148 LISTED BY: Matthew Herman, Keller Williams Realty Chico Area 530-809-3700 SOURCE: CRMLS

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