Charming Income Property Near Chico State University – Ideal Investment Opportunity! Nestled in a quaint neighborhood on the west side of Chico, and conveniently situated near to Chico State University and the vibrant downtown Chico this income generating property is an attractive option for a variety of tenants. The charming main house features 2 bedrooms and 1 bathroom with a spacious laundry area that offers ample room for additional storage – a practical feature for tenants! Above the main house sits a bright and inviting 1 bedroom, 1 bathroom apartment. This property also offers an external storage shed sits amidst a lush, low-maintenance landscape, with off street parking. With a GSI of ~$23,500 a year, this property presents a lucrative opportunity for investors looking to expand their portfolio. PLEASE DO NOT DISTURB TENANTS.
Sold for $312,000
Listing Provided by: Re/Max of Chico
Bought with: Re/Max of Chico
$312,000
1422 W 7th St, Chico, CA 95928
3beds
2baths
1,150sqft
Duplex
Built in 1920
-- sqft lot
$346,600 Zestimate®
$271/sqft
$1,641 Estimated rent
Home value
$346,600
$319,000 - $374,000
$1,641/mo
Zestimate® history
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$1,641/mo
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$1,964/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Steve Depa DRE #00813533 530-514-6288,
Re/Max of Chico
Bought with:
Heather DeLuca, DRE #01919038
Re/Max of Chico
Source: CRMLS,MLS#: SN24017770
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Inside, See Remarks
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,150
- Total interior livable area: 1,150 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Size: 4,356 sqft
- Features: Back Yard
Details
- Parcel number: 004500073000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Chico
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2024 | Sold | $312,000+4.3%$271/sqft |
Source:  CRMLS #SN24017770 Report a problem | ||
| 2/8/2024 | Pending sale | $299,000$260/sqft |
Source: CRMLS #SN24017770 Report a problem | ||
| 1/31/2024 | Listed for sale | $299,000$260/sqft |
Source: CRMLS #SN24017770 Report a problem | ||
| 3/6/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/23/2023 | Listed for rent | $1,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,697 +290.9% | $318,240 +279% |
| 2024 | $946 +1.1% | $83,967 +2% |
| 2023 | $936 +1.7% | $82,322 +2% |
| 2022 | $920 +2% | $80,709 +2% |
| 2021 | $902 +0.2% | $79,128 +1% |
| 2020 | $900 +1.7% | $78,317 +2% |
| 2019 | $884 +2.1% | $76,782 +2% |
| 2018 | $866 +2% | $75,277 +2% |
| 2017 | $849 +9.3% | $73,802 +2% |
| 2016 | $776 +0.6% | $72,356 +1.5% |
| 2015 | $772 | $71,270 +2% |
| 2014 | $772 | $69,875 +0.5% |
| 2013 | -- | $69,560 +2% |
| 2012 | -- | $68,197 +2% |
| 2011 | -- | $66,861 +0.8% |
| 2010 | -- | $66,362 -0.2% |
| 2009 | -- | $66,520 +2% |
| 2008 | -- | $65,217 +2% |
| 2007 | -- | $63,939 +2% |
| 2006 | -- | $62,687 +2% |
| 2005 | -- | $61,459 +2% |
| 2004 | -- | $60,255 +1.9% |
| 2003 | -- | $59,151 +2% |
| 2002 | -- | $57,992 +2% |
| 2001 | -- | $56,856 |
Find assessor info on the county website
Neighborhood: South Campus
Nearby schools
GreatSchools rating
- 8/10Emma Wilson Elementary SchoolGrades: K-5Distance: 1.6 mi
- 7/10Chico Junior High SchoolGrades: 6-8Distance: 1.3 mi
- 7/10Chico High SchoolGrades: 9-12Distance: 1.2 mi
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- California
- Butte County
- Chico
- 95928
- South Campus
- 1422 W 7th St
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