1050 EsplanadeChico, CA 95926

Description

Why settle for one income-producing property when you can have two? Rarely does an opportunity like this come along in Chico! Situated on a desirable corner lot, this unique property features two separate homes, both currently operating as successful Airbnb rentals, offering an incredible opportunity for investors, owner-occupants, or those seeking a versatile multi-generational property. The main home, built in the 1920s, is rich with timeless character, featuring soaring ceilings, beautiful original hardwood floors, and a bright sunroom overlooking the pool with all-new windows. The spacious floor plan includes three bathrooms, one of which has been fully remodeled with handicap-accessible features, including railings and a ramp. Recent improvements add even more value, including brand-new exterior paint, a Trex front porch, and a new $15,000 sewer line. Outside, enjoy an abundance of established fruit trees, including peach, cherry, and fig. The sparkling pool was resurfaced just last year and features a brand-new pool sweep, making it an inviting retreat for guests and residents alike. Previously configured as an eight-bedroom property, the main home also offers the potential to convert back for additional sleeping accommodations and increased rental opportunities. The permitted cottage, converted from a former garage, has its own address and has become an Airbnb favorite. Offering private laundry and flexible living space, this separate residence provides additional income potential and privacy. A pool house adds even more functionality, complete with an on-demand water heater and a newer split HVAC system for year-round comfort. With commercial zoning, the possibilities extend well beyond traditional residential use. Continue operating both homes as successful vacation rentals, live in one while generating income from the other, explore a live/work arrangement, or create a multi-generational living setup. Both residences offer their own private living spaces and flexible use options, while ample parking and handicap-friendly improvements add to the property's appeal. Conveniently located near Downtown Chico, Bidwell Park, schools, restaurants, and shopping, this is a rare chance to own a distinctive two-residence property with established rental appeal, significant character, and a variety of future possibilities.

Property Information

Property type

Residential Income

Sub-type

Mixed Use

Style

Bungalow / Craftsman

Year built

1920

Stories

1

Building area

2,755 Sq Ft

Lot size

0.23 acres

Days on market

2

MLS^® Listing#

SN26234669

Property Features

Interior

Built-in Features · Cathedral Ceiling(s) · High Ceilings · Open Floorplan · Master Downstairs

Cooling

Central Air

Heating

Central

Flooring

Laminate · Wood

Fireplace

Living Room · Wood Burning

Pool

Private · In Ground · See Remarks

Parking

Driveway · Paved

Laundry

Laundry Room · See Remarks

Lot features

Corner Lot · Front Yard

Roof

Composition

Community

Street Lights

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

003104001000

Directions

Corner of E. 1st Avenue and Esplanade