Attention Investors! Here's your chance to add a prime rental property to your portfolio in Chico's highly desirable West Avenues, a hot spot for college rentals. This unique triplex offers a blend of history charm and high rental potential, located blocks from Chico State University and Downtown Chico. The main house, built in 1920, excuses character with original hardwood flooring, offering 3 bedrooms and 2 bathrooms upstairs. Plus, there's an additional bedroom and living space in the basement, providing extra rental opportunities. Behind the main house, you'll find a duplex with two separate units, each featuring 4 bedrooms and 2 bathrooms. The property boasts a fully fenced yard, perfect for tenants seeking an outdoor space, as well as alley access and off-street parking - major conveniences for college students and renters alike. This investment property is perfectly positioned for high demand, thanks to its proximity to the University, shopping, and dining. Don't miss out on this fantastic opportunity, this one won't last long!
Sold for $585,000
Listed by: Keller Williams Realty Chico Area • Alisha Simpkins • Contact: 530-809-3742
Bought with: Keller Williams Realty Chico Area
Tax assessed value
$585,000
421 W 1st Ave, Chico, CA 95926
12beds
6baths
3,280sqft
Triplex
Built in 1910
-- sqft lot
$559,100 Zestimate®
$178/sqft
$1,559 Estimated rent
Home value
$559,100
$498,000 - $632,000
$1,559/mo
Zestimate® history
Owner options
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$3,677/mo
Est. payment
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$3,677/mo
Est. payment
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Fully fenced yardOriginal hardwood flooring
Zillow last checked:
Listing updated:
Listed by:
Alisha Simpkins DRE #01772692 530-354-4244,
Keller Williams Realty Chico Area
Bought with:
Alisha Simpkins, DRE #01772692
Keller Williams Realty Chico Area
Source: CRMLS,MLS#: SN24218654
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Rooms
- Room types: Basement, Kitchen, Living Room, Utility Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater, Dryer, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Inside
Features
- Built-in Features, Ceiling Fan(s), Laminate Counters, Utility Room
- Flooring: Carpet, Laminate, Wood
- Has basement: Yes
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,280
- Total interior livable area: 3,280 sqft
Property
Parking
- Total spaces: 5
- Parking features: On Site, Off Street, One Space, On Street
- Uncovered spaces: 5
Features
- Levels: Multi/Split
- Entry location: 1
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 8,712 Square Feet
- Features: Back Yard, Front Yard, Near Public Transit, Rectangular Lot, Street Level, Yard
Details
- Parcel number: 003085004000
- Zoning: R3
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: 220 Volts in Laundry
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Chico
Financial & listing details
- Price per square foot: $178/sqft
- Tax assessed value: $585,000
- Annual tax amount: $6,769
- Date on market: 10/23/2024
- Cumulative days on market: 7 days
- Listing terms: Cash,Cash to New Loan
- Exclusions: Tenants Personal Property
- Total actual rent: 4445
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2025 | Listing removed | $1,855$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/5/2025 | Listed for rent | $1,855+3.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/31/2024 | Sold | $585,000+6.6%$178/sqft |
Source:  CRMLS #SN24218654 Report a problem | ||
| 10/31/2024 | Pending sale | $549,000$167/sqft |
Source: CRMLS #SN24218654 Report a problem | ||
| 10/23/2024 | Listed for sale | $549,000+18.6%$167/sqft |
Source: CRMLS #SN24218654 Report a problem | ||
| 4/2/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/21/2024 | Listed for rent | $1,800+2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/3/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 2/24/2022 | Listed for rent | $1,750+3.2%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/17/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/11/2021 | Listed for rent | $1,695$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/31/2007 | Sold | $463,000-1.5%$141/sqft |
Source: MetroList Services of CA #200703127 Report a problem | ||
| 7/23/2004 | Sold | $470,000$143/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,769 +2.5% | $585,000 -1.9% |
| 2024 | $6,602 +1.2% | $596,217 +2% |
| 2023 | $6,524 +1.6% | $584,528 +2% |
| 2022 | $6,419 +1.9% | $573,068 +2% |
| 2021 | $6,299 +0.3% | $561,832 +1% |
| 2020 | $6,281 +1.8% | $556,072 +2% |
| 2019 | $6,167 +1.9% | $545,170 +2% |
| 2018 | $6,054 +12.6% | $534,481 +12.5% |
| 2017 | $5,378 +13.4% | $475,000 +5.6% |
| 2016 | $4,744 +17.1% | $450,000 +15.4% |
| 2015 | $4,051 | $390,000 +2.6% |
| 2014 | $4,051 | $380,000 |
| 2013 | -- | $380,000 +28.8% |
| 2012 | -- | $295,000 -16.9% |
| 2011 | -- | $355,000 -62.6% |
| 2010 | -- | $950,000 +101.2% |
| 2009 | -- | $472,260 +2% |
| 2008 | -- | $463,000 -5.3% |
| 2007 | -- | $488,988 +2% |
| 2006 | -- | $479,400 +2% |
| 2005 | -- | $470,000 +90% |
| 2004 | -- | $247,378 +1.9% |
| 2003 | -- | $242,845 +2% |
| 2002 | -- | $238,084 +2% |
| 2001 | -- | $233,416 |
Find assessor info on the county website
Neighborhood: The Avenues
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Nearby schools
GreatSchools rating
- 6/10Citrus Avenue Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Chico Junior High SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Chico High SchoolGrades: 9-12Distance: 0.3 mi
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- California
- Butte County
- Chico
- 95926
- The Avenues
- 421 W 1st Ave
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