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Mei-Lee Friedrich

mei@meifriedrich.com +1(619) 878-4803

$ 569,000

Est. payment -/mo

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1515 Arcadian Avenue Chico, CA 95926

4 Beds

3 Baths

1,996 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,996 sqft

Price per Sqft $285

MLS Listing ID SN25196489

Bedrooms 4

Full Baths 3

Year Built 1986

Property Sub-Type Detached

Property Description

TWO HOMES on one lot in a prime Chico locationthe Avenues. This property checks every box for investors and house hackers alike, offering excellent rental history, strong upside potential, and peace of mind with recent upgrades. Located a block from Enloe Hospital, and minutes from Chico State, Chico High, and Downtown Chico, this is one of the most convenient and in-demand areas in town. The central location attracts a wide range of tenantsfrom students to professionalsensuring consistent rental demand and minimal vacancy. The main home has been consistently rented for $2,225/month, but with new tenants the market rent is closer to $2,350$2,400 as-is, and up to $2,600/month with minor updates. The ADU has rented steadily at $1,250/month, with current market rent more in the $1,350$1,400/month range. Together, this setup provides a fantastic opportunity for steady cash flow and appreciation in one of Chicos most desirable neighborhoods. The property has also benefited from important recent improvements, giving investors confidence in long-term performance. The roof was replaced within the last 3 years, the main house HVAC within the last 5 years, and mini-splits were added to the ADU. The exterior paint was redone in the last 5 years, and the interior paint within the last 3. The main home, accessible from Arcadian Avenue, is a 3-bedroom, 2-bathroom with an attached 2-car garage (including laundry) and a fully fenced backyard. Step inside and youre greeted by a vaulted ceiling, making the space feel bright and open. The back unit (ADU) is tucked away with alley access, givi

Location

State CA

County Butte

Zoning R1

Direction North on Esplanade, turn left on E. 5th Ave, right on Arcadian, home is on your left.

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Flooring Carpet, Laminate

Fireplace No

Appliance Dishwasher, Gas Range

Exterior

Parking Features Garage

Garage Spaces 2.0

Fence Privacy, Wood

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Neighborhood, Trees/Woods

Roof Type Composition

Accessibility None

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Tax ID 003013050000

Special Listing Condition Standard

Listed by Jessica Williams Connect Real Estate Group

Mei-Lee Friedrich

Agent | License ID: 02193373

+1(619) 878-4803

Mei-Lee Friedrich

1515 Arcadian Avenue Chico, CA 95926

Key Details

Location

Interior

Exterior

Building

Others

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1515 Arcadian Avenue