827 West 2nd Avenue, Chico, CA 95926
827 West 2nd Avenue, Chico, CA 95926
Property Description
CHICO STATE INVESTMENT OPPROTUNITY! Opportunity awaits at 827 W. 2nd Avenue! Conveniently located near Chico State, this well-maintained property offers an appealing combination of immediate rental potential and exciting possibilities for the future. The existing home features a newer roof, fresh exterior paint, and a clean, move-in-ready presentation. Solar helps reduce electricity costs for occupants, adding another attractive feature for tenants. With estimated rental potential of approximately $2,400–$2,600 per month, this property could be an excellent addition to an investment portfolio or a smart option for parents purchasing housing for a Chico State student. What truly sets this property apart is the spacious backyard and R-3 zoning. The generous lot presents an opportunity to explore additional residential development, potentially including an ADU, duplex, or other multifamily configuration. A previous owner even explored plans for a triplex. Whether you're looking for rental income today, housing for a college student, or a property with longer-term investment possibilities, 827 W. 2nd Avenue deserves a closer look. Buyers should independently verify zoning, permitted uses, development capacity, utilities, setbacks, and all requirements with the City of Chico. Rental figures are estimates and are not guaranteed.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Chico · Single Family Residence
Listed 4.5% below the median closed sale of $418,000. Closed comps sold at 101% of list — strong seller's market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 33 Lawnwood Drive | Chico | 1967 | 3 | 2 | 1,326 | 12,196 | $293 | $389,000 | 20 | 88 |
| 9803 Cohasset Road | Chico | 1962 | 3 | 2 | 1,316 | 32,234 | $171 | $225,000 | 65 | 85 |
| 1361 Arlington Drive | Chico | 1965 | 3 | 2 | 1,188 | 6,098 | $353 | $419,000 | 2 | 83 |
| 573 White | Chico | 1954 | 3 | 2 | 1,236 | 12,197 | $271 | $335,000 | 12 | 83 |
| 1038 5th Street | Chico | 1945 | 3 | 2 | 1,271 | 5,663 | $260 | $329,900 | 80 | 82 |
| Total: 5 · Average | 3.0 | 2.0 | 1,267.4 | 13,677.6 | $269.6 | $339,580 | 35.8 | |||
| Median | 1,271 | $335,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 476 Redwood | Chico | 1960 | 09/24/2026 | 4 | 2 | 1,458 | 7,405 | $419,000 | $419,000 | $287 | 1.00 | 57 | 94 |
| 969 Humboldt Avenue | Chico | 1940 | 10/05/2026 | 4 | 2 | 1,400 | 7,405 | $370,000 | $370,000 | $264 | 1.00 | 60 | 90 |
| 42 Oak | Chico | 1951 | 10/09/2026 | 3 | 1 | 1,222 | 9,148 | $359,000 | $375,000 | $307 | 1.04 | 31 | 82 |
| 2811 Vistamont Way | Chico | 2007 | 09/17/2026 | 4 | 2 | 1,402 | 4,356 | $415,000 | $428,000 | $305 | 1.03 | 43 | 80 |
| 763 Brookwood Way | Chico | 1976 | 09/25/2026 | 3 | 2 | 1,701 | 6,534 | $438,000 | $418,000 | $246 | 0.95 | 45 | 80 |
| Total: 5 · Average | 3.6 | 1.8 | 1,436.6 | 6,969.6 | $402,000 | $402,000 | $281.8 | — | 47.2 | ||||
| Median | 1,402 | $418,000 | $418,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.