Price$475,000
Units2
Gross scheduled income$36,600
Seller NOI$29,100
Listed cap rate—
Days on market2
Photos
Listing remarks
TWO HOMES on ONE LOT! OWNER-CARRY OPPORTUNITY! Attention seasoned and new investors! Live in one house and rent out the other or rent them both! Don't miss this fantastic opportunity to expand your portfolio with this income-generating property. Located at the edge of The Avenues, near Lindo Chanel with easy access to Enloe, CSUC, freeway access, and Downtown Chico, this property is a prime investment. Property features TWO separate homes, each with street frontage, separate PG&E meters, carports and fenced yards. The first home (2050 Laburnum) is a spacious 2 bedroom, 2 bathroom home with a bonus room, indoor laundry and approximately 1096 square feet of living area, plus a private fenced patio area. The second home (355 East Lindo) features 2 bedrooms, and 1 bathroom, indoor laundry and is approximately 943 square feet with large, fenced front yard. Second unit is tenant-occupied through the end of September. This property is not just an investment, but a strategic addition to your portfolio with its reliable income stream and close proximity to Chico's amenities. Seize the opportunity and take the next step in building on your financial future!
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 1 | 2 | 2 | $1,540 | $1,600 |
| 2 | 1 | 2 | 1 | $1,450 | $1,450 |
Property facts
Year built1937
Parcel003344001000
Lot6,098 SF
Building/Living area2,039 SF
HeatingWall Furnace
CoolingWall Window Units
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$475,000
Listing date2026-08-11
Buildings2
Operating expenses$7,500
Insurance$2,500
Water/sewer$1,500
Tenant paysElectricity, Gas
Rent controlYes
Electric meters2
Gas meters2
Water meters1
Parking6
LaundryInside
FlooringConcrete
AppliancesDishwasher, Gas Cooktop
InteriorAll Bedrooms Down
Lot featuresCorner Lot
CommunityBiking
FencingWood, Wire
ViewCanal
PoolNone
Senior communityNo
Last MLS update2026-08-16T13:11:38.197-00:00
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MLS attribution: Listing provided by Keller Williams Realty Chico Area, Kiersten Morgan. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26177922. Information is deemed reliable but not guaranteed and may change without notice.
