570 E 3rd Avenue , Chico, CA 95926
570 E 3rd Avenue is a charming, 3 unit property nestled in the heart of Chi...		$635,000
570 E 3rd Avenue is a charming, 3 unit property nestled in the heart of Chico, California. Built in 1956, each 1-bed, 1-bath unit offers contemporary amenities, seamlessly blending timeless mid-century charm with modern functionality for enhanced comfort and versatility. The property presents a compelling opportunity for investors seeking multiple units, proximity to a variety of amenities, and stable rental income. Its convenient location and updated features make it a valuable addition to a diversified real estate portfolio. • PROPERTY OVERVIEW • Total units: Total units: 3 • Unit C was renovated in 2020 and is fully furnished • Unit configurations: 1 bedroom, 1 bathroom • Total bedrooms/bathrooms: 3 beds, 3 baths • Total living area: ~1,800 sq ft • Unit sizes: Ranging from 550 to 650 sq ft • KEY FEATURES • In-unit laundry • Centrally located • Easy access to shopping, dining, and public transportation • Units have private yards • RENTAL INCOME POTENTIAL • Current rental rates are $1,495 per month per unit. • Gross monthly rental income: $4,800 • INVESTMENT HIGHLIGHTS • Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding • Modern amenities reduce maintenance costs and enhance tenant satisfaction • Strong rental demand in the area supports consistent occupancy rates • Spacious and well-manicured yards increase appeal
Additional Information

Schedule a Showing
Year Built:1948
Size:1750 Sq. Ft.
Lot Size:0.18 Acres
Price:$362.86 per Sq. Ft.
MLS ID:SN25102642
Listing Type:Residential Income
Address
  • Internet Published
    • Income
  • Monthly Gross Income: $57600.00
  • Net Operating Income: $36111.00
    • Pool
  • Pool Type: None
    • Sale Type
  • Sale Type: Standard




    • Information Provided Courtesy of Michael Lee of Ryno Company and Ryan Vaught of Ryno Company. Listing data provided by CRMLS, last updated 5/12/2025 19 minutes ago.
    Based on information from California Regional Multiple Listing Service, Inc. as of 5/9/2025 12:15:00 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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