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Berkshire Hathaway HomeServices California Properties

131 W 3rd, Chico, CA 95926

$829,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Matthew Herman | matt@legacyinvestmentsre.com
Lic#: 01505777
Broker: Courtesy of Keller Williams Realty Chico Area
Phone: 5302127373

Listing Details

Property type: Apartment (Multi-Family)

Property Sub-Type:

Status: Active

Listing ID: SN26059148

List price is $829,000 Reduced by $20,000 on 5/9/2026

Price: $829,000

Rental Rate: $829,000

Lot Size:

Built in 1963

2 stories

0.14 acres

County: Butte

Appliances: Dryer,Washer

Lot description: SixToTenUnitsAcre

Heating description: Forced Air

Last Updated: 7/31/2026

Days On Market (DOM): 140

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Lat/Long: 39.739322, -121.848097.
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Easement Present: (Easement present. For more information, contact agent.)

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Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing. Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/ 1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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