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2020 Magnolia Avenue

Chico, CA 95926

– beds
– baths
– sqft
9,583 sqft lot
1983 build
– on site

More homes

Opportunity is knocking! Unlock the potential of this prime investment opportunity nestled in the sought-after Chico Avenues neighborhood. This property includes a 3-bedroom, 1-bathroom duplex, paired with a single-family 3-bedroom, 2-bathroom home, providing multiple income streams for those looking to expand their investment portfolios. For Buyers looking to live in one unit and rent out the others, this property offers the perfect blend of affordability and passive income potential, or rent them all out for a steady cash flow! While these homes may require some TLC, this presents a unique opportunity for investors to add value with strategic updates and renovations, enhancing the overall value. The duplex, located at 150 W. 10th Avenue, is on a large corner fenced with parking spaces, separate utilities, and a yard providing a great outdoor space for tenants. The single-family home, located at 2020 Magnolia Avenue, on the other side of the fence, offers a fully fenced concrete patio, and utility room providing a laundry area, and additional storage space, this home is currently rented until May 2024. Centrally located just a block from the renowned Esplanade, and a few blocks from Downtown Chico, this property offers easy access to shopping, dining, local amenities, and schools ensuring convenience for both the tenants and residents alike. The desirable Chico Avenues' location and potential for rental income make this property a solid investment for long-term growth. This is your chance to own a versatile investment property in the heart of Chico. Call your favorite agent today, and come explore the endless opportunities that await with this property!

Listed By CRMLS_CA / Alisha Simpkins / Keller Williams Realty Chico Area / 530-354-4244

Last checked: Checking… • Last updated Apr 24, 2024 •

MLS# SN24062746 —

The Building

Year Built:

1983
Year Built Source:

Assessor
New Construction:

No
Roof:

Composition, Mixed
Exterior Features:

Rain Gutters
Entry Level:

1
Foundation:

Slab
Accessibility Features:

None
Common Walls:

1 Common Wall
Building Area Total:

3720.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

3
Stories Total:

2
# of Separate Gas Meters:

3
# of Separate Water Meters:

3
# of Separate Electric Meters:

3

Interior

Features:

Ceiling Fan(s), Formica Counters, Open Floorplan
Levels:

Two
Entry Location:

1
Window Features:

Blinds, Double Pane Windows
Flooring:

Carpet, Vinyl
Room Type:

Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Gas & Electric Dryer Hookup, Individual Room, Inside
Laundry:

1

Location

Directions:

From Esplanade, Turn Right onto W. 11th Ave, Turn Left onto Magnolia Ave, Home is on the Left (Driveby only), Turn Left onto W. 10th Ave, Turn Left into Driveway (Duplex)
Latitude:

39.74695800
Longitude:

-121.85413700

The Property

Property Type:

Residential Income
Subtype:

Triplex
Zoning:

R1
Lot Features:

Front Yard, Level with Street, Rectangular Lot, Near Public Transit, Yard
Lot Size Area:

0.2200
Lot Size Acres:

0.2200
Lot Size SqFt:

9583.20
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

Wood
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

61
Tax Census Tract:

6.01
Tax Lot:

5,6

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

003601012000

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Cable Available, Electricity Connected, Phone Available, Water Connected
Sewer:

Public Sewer
Electric:

220 Volts in Laundry
Water Source:

Public

Appliances

Appliances:

Dishwasher, Electric Oven, Electric Range, Free-Standing Range, Range Hood, Recirculated Exhaust Fan, Self Cleaning Oven, Water Heater
Included:

Yes

The Community

Senior Community:

No
Features:

Curbs, Gutters
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Driveway, Paved, Driveway Level
Parking Spaces:

6.00

Extra Units

Number With Carpet:

2
Number With Dishwasher:

2
Number With Refrigerator:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
4/3/24 Apr 3, 2024	Pending	CRMLS_CA
3/29/24 Mar 29, 2024	Listed / Active	CRMLS_CA
3/29/24 Mar 29, 2024	Listed / Active	CRMLS_CA	$475,000

Multifamily Sold on 4/24/2024

$490,000

Listing provided by broker:

Alisha Simpkins

Keller Williams Realty Chico Area

530-354-4244

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Listing Courtesy of: CRMLS_CA and Keller Williams Realty Chico Area. Based on information from California Regional Multiple Listing Service, Inc. as of 23:58 on May 03.

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.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

2020 Magnolia Avenue

Chico, CA 95926