Listed by Dan Bosch•DRE #01236305• Re/Max of Chico
Contact: danbosch@sbcglobal.net
Pending
$530,000
Est. $3,649/mo —
8
bd
•
4 ba
•
3,077
sq ft
745 W 3rd, Chico, CA 95928
About this home
The quintessential Chico investment property! This fantastic 2 unit building is located just 2 blocks from Chico State University and has a tremendous rental history. Each unit offers 4 bedrooms and 2 baths, plus comfortable living rooms and spacious kitchens as well. Occupants can easily walk to school, bars and restaurants and even downtown Chico as well. If you have been looking for that perfectly located property that just doesn't ever seem to come along. .. Well this might just be the one. And it is already fully rented and ready to add to your investment portfolio!
South Campus, located between California State University, Chico and Bidwell Park, is a residential and academic Chico neighborhood with tree-lined streets and a bike-forward feel. The neighborhood’s character concentrates along W 1st Street near Warner Street, where coffee counters, casual eateries, and student staples keep sidewalks active. Iconic local pillars include The Bear, Madison Bear Garden, and the Chico Museum. Early-20th-century bungalows and small apartment courts sit beside campus-era infill, with front porches and mature shade trees setting the streetscape. Bike lanes and flat blocks connect quickly to downtown galleries and the park’s trailheads. The pace shifts with the academic calendar, but the setting stays grounded in walkable blocks and green edges.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Two levels
Entry on levels 1 and 2
Bedrooms
Unit 1: 4 bedrooms
Unit 2: 4 bedrooms
Bathrooms
Unit 1: 2 full bathrooms
Unit 2: 2 full bathrooms
Laundry & utility
On-site laundry available (see remarks)
Exterior features
Treed lot
Landscaped grounds
Near public transit
No pool
Home design
Attached property
2 total stories
Construction
Composition roof
One building
Utilities
Public sewer
District/public water
Two separate water meters
Two separate gas meters
Two separate electric meters
HOA & community
Community features include gutters, golf course access, hiking, street lighting, storm drains, and sidewalks
Property is subject to rent control
Financial info
Gross scheduled income: $48,900
Gross income: $48,900
Unit 1 current rent: $2,300
Unit 2 current rent: $1,775
Total building area: 3,077
Electricity and solar
View estimated energy costs and solar savings for this home
The R3 zoning district is applied to areas appropriate for medium-high density residential neighborhoods. Permitted densities range from a minimum of 14.1 to a maximum of 22 units per acre. Multi-family residential uses may be permitted to develop up to 30 dwelling units per acre when at least 15 Percent of the units are deed restricted housing affordable to low-income households at or below 80 Percent of Area Median Income (AMI). The R3 zoning district is primarily intended to implement the Medium-High Density Residential land use designation of the General Plan.
Permitted uses
Include but are not limited to:
Garden center
Day care facility
Housing-Multiple units
Housing-Senior
Housing-Other
Recreation
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
5% chance of being in a wildfire in next 30 years
8/10 Heat Factor
6 days above 105° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
37 unhealthy days expected this year, 41 days in 30 years
Provided by First Street
Historical weather
Chico, CA • 95928
Average low and high temperatures (°F)
61
39
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42
73
48
75
48
84
57
92
62
94
63
96
64
89
62
80
53
63
45
54
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 745 W 3rd
$530,073
$73 over list price of $530K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $405K to $649K.