REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 635,000
Est. payment /mo
New
570 E 3rd AVE Chico, CA 95926
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN25102642
HOA Y/N No
Year Built 1948
Lot Size 7,840 Sqft
Property Sub-Type Mixed Use
Property Description
570 E 3rd Avenue is a charming, 3 unit property nestled in the heart of Chico, California.
Built in 1956, each 1-bed, 1-bath unit offers contemporary amenities, seamlessly blending timeless mid-century charm with modern functionality for enhanced comfort and versatility.
The property presents a compelling opportunity for investors seeking multiple units, proximity to a variety of amenities, and stable rental income. Its convenient location and updated features make it a valuable addition to a diversified real estate portfolio.
• PROPERTY OVERVIEW
• Total units: Total units: 3
• Unit C was renovated in 2020 and is fully furnished
• Unit configurations: 1 bedroom, 1 bathroom
• Total bedrooms/bathrooms: 3 beds, 3 baths
• Total living area: ~1,800 sq ft
• Unit sizes: Ranging from 550 to 650 sq ft
• KEY FEATURES
• In-unit laundry
• Centrally located
• Easy access to shopping, dining, and public transportation
• Units have private yards
• RENTAL INCOME POTENTIAL
• Current rental rates are $1,495 per month per unit.
• Gross monthly rental income: $4,800
• INVESTMENT HIGHLIGHTS
• Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding
• Modern amenities reduce maintenance costs and enhance tenant satisfaction
• Strong rental demand in the area supports consistent occupancy rates
• Spacious and well-manicured yards increase appeal
Built in 1956, each 1-bed, 1-bath unit offers contemporary amenities, seamlessly blending timeless mid-century charm with modern functionality for enhanced comfort and versatility.
The property presents a compelling opportunity for investors seeking multiple units, proximity to a variety of amenities, and stable rental income. Its convenient location and updated features make it a valuable addition to a diversified real estate portfolio.
• PROPERTY OVERVIEW
• Total units: Total units: 3
• Unit C was renovated in 2020 and is fully furnished
• Unit configurations: 1 bedroom, 1 bathroom
• Total bedrooms/bathrooms: 3 beds, 3 baths
• Total living area: ~1,800 sq ft
• Unit sizes: Ranging from 550 to 650 sq ft
• KEY FEATURES
• In-unit laundry
• Centrally located
• Easy access to shopping, dining, and public transportation
• Units have private yards
• RENTAL INCOME POTENTIAL
• Current rental rates are $1,495 per month per unit.
• Gross monthly rental income: $4,800
• INVESTMENT HIGHLIGHTS
• Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding
• Modern amenities reduce maintenance costs and enhance tenant satisfaction
• Strong rental demand in the area supports consistent occupancy rates
• Spacious and well-manicured yards increase appeal
Location
State CA
County Butte
Zoning R2
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dryer, Washer
Exterior
Pool None
Community Features Biking, Curbs, Gutter(s), Sidewalks, Urban
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 003444050000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Michael Lee • Ryno Company • 5305703222