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.
Listing Courtesy of CRMLS / Coldwell Banker Select Real Estate / Eric Stofa
$499,000
Chico Area Multi-Family Home
Active
1170 Hobart Street Chico, CA 95926
Bed
0 Baths
2000 sqft
MLS# SN25119313
Two Homes on One Lot in the Heart of Chico! This charming duo offers an incredible opportunity—whether you're looking for a smart investment property or a place to live in while earning rental income from the other unit. Ideally located near Chico State, downtown, and all the best of central Chico, both homes have been tastefully updated and are full of charm! Each home features 2 bedrooms, 1 bathroom, approximately 1,000 sq. ft. of living space, private laundry areas, and fenced yards—perfect for privacy and outdoor enjoyment. The front unit is picture-perfect with fresh exterior paint, beautiful curb appeal, a carport, and both front and back yard space, including a cozy patio area. Inside, the home has been freshly painted throughout, including the kitchen cabinets, and includes updated light fixtures, mirrors, fans, cabinet hardware, and more—making it truly move-in ready. The back unit is equally adorable, set behind a white picket fence with a spacious front yard and private setting. It boasts a large living area and an open-concept kitchen that feels bright and inviting. This is a rare find—two updated homes on one lot, in an unbeatable location. Don’t miss your chance to own this Chico gem!
Listing Courtesy of CRMLS / Coldwell Banker Select Real Estate / Eric Stofa
$405,000
Chico Area Land
Active
0 Shadybrook Lane Chico, CA 95928
Bed
0 Baths
sqft
MLS# SN25107413
This exceptional 2.93-acre lot in the prestigious Canyon Oaks community offers a rare chance to build the custom home you’ve always dreamed of. Held by one family for over 20 years, this property is perched at a higher elevation above the city of Chico, providing breathtaking, unobstructed views of sunrises, sunsets, and incoming storms—a true retreat surrounded by natural beauty. Located on one of the most desirable lots in the neighborhood, the setting offers ultimate tranquility and inspiration. You'll enjoy the privacy of a gated golf course community with two secure entrances, as well as direct access to the scenic walking and biking trails of historic Bidwell Park. The rear of the parcel slopes gently with striking rock outcroppings that enhance its unique character. This is your rare opportunity to design and build your dream home in one of Chico’s most loved communities.
Listing Courtesy of CRMLS / Coldwell Banker Select Real Estate / Eric Stofa
$40,000
Lake Almanor Peninsula Area Land
Active
179 Treetop Circle Lake Almanor Peninsula, CA 96137
Bed
0 Baths
sqft
MLS# SN25102570
Welcome to your opportunity to build in one of Lake Almanor's most beautiful and peaceful communities! This stunning .31-acre lot is perfectly positioned on the desirable Lake Almanor Peninsula, right next to the scenic Bailey Creek Golf Course. Enjoy gorgeous golf course and mountain views from your future dream home, with serene surroundings and a welcoming neighborhood vibe. Located just down the street from Big Cove, you'll have easy access to lake activities, restaurants, shopping, and all the charm the area has to offer. Whether you're dreaming of a weekend getaway or a full-time residence, this lot offers the perfect canvas to make it happen. Don't miss this chance to own a slice of paradise in a truly special setting!
Listing Courtesy of CRMLS / Coldwell Banker Select Real Estate / Eric Stofa