$799,999
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1145 Magnolia Avenue, Chico, CA 95926

8 Beds
6 Baths
- Sq Ft

RARE INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF CHICO!!! 4 WELL MAINTAINED UNITS WITH GREAT POSITIVE CASH FLOW! YOU MIGHT WANT TO LIVE IN ONE AND LET YOUR TENANTS PAY YOUR MORTGAGE! OR MAYBE YOU HAVE A STUDENT AT CHICO STATE? You can actually see Enloe Hospital right down the tree-lined road from the property and it's just a quick walk to Chico State University two blocks away! The property has a great history of always being rented from professionals to students. The first home (unit 1) is a charming 1925 Bungalow, 3 Bed/1.5 Baths (1142 sq ft), covered front porch, original hardwood floors throughout, gorgeous built-in hutch in the dining room, large basement and front yard even has white picket fencing. There is convenient Laundry Room with sink located in the back of the unit. In between the 1st home and 2nd home is a shared, expanded entertaining patio, where people can be found enjoying themselves and BBQing! Second Home (Unit 2) is 4 Bed/2 Bath (1552 sq ft.) built in 2001. This home was finished with Hardiplank siding, had a roof replacement in 2017, flooring replaced with luxury vinyl planking, indoor Washer/Dryer area and tons of storage space in kitchen/baths. Units 3 & 4 are located in the 3rd Dwelling and was also built in 2001 with similar features. Unit #3 is a 1 Bed/1 Bath (573 sq ft) located upstairs and Unit #4 is a Studio (572 sq ft) located on the bottom floor. Both units share an indoor laundry accessed conveniently between both. Unit #3 was recently updated with tones of white & gray, Luxury Vinyl Planking, interior paint, refrigerator and wall furna

  • MLS# SN23165490
  • Date Listed09/15/2023
  • Bedrooms 8
  • Bathrooms 6 baths
  • Lot Size -
  • County Butte

Interior Features

  • Cooling Wall/Window Unit(s), Central Air
  • Heating Electric

Exterior / Lot Features

  • Roof Composition
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Financial Considerations


Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 95926

Source: Walkscore

65/100

Somewhat Walkable

Walk Score ®

77/100

Very Bikeable

Bike Score ®

Overview

Some errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 0/100, Bike Score: 54/100.

Points of Interest near 1145 Magnolia Avenue, Chico, CA 95926

Frequently Asked Questions for 1145 Magnolia Avenue

Source: Realty.com

1145 Magnolia Avenue, Chico, CA 95926 is a Multi Family, Residential Income property listed for $799,999 The property is - sq. ft with 8 bedrooms and 6 bathrooms

Realty.com has 40 photos of 1145 Magnolia Avenue.

The full address for this home is 1145 Magnolia Avenue, Chico, CA 95926.

1145 Magnolia Avenue has been listed on Realty.com since Fri September 15, 2023

Some errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 0/100, Bike Score: 54/100.

There are 3 schools assigned to this home. Check out the schools near 1145 Magnolia Avenue. Emma Wilson Elementary School (Grades: PK - 5), Chico Junior High School (Grades: 6 - 8), Chico High School (Grades: 9 - 12)

Listing provided courtesy of: Re/max Home And Investment (tel: 530-872-5880)
Listing agent: Lora Trenner (#CR-CH157010434)

This content last refreshed on 2025-12-07 13:53:15. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1145 Magnolia Avenue, Chico, CA 95926 : MLS# SN23165490