1048 Warner Street Chico, CA 95926

$369,000 Pending

About the Property

A stone's throw to Chico State and a short walk from Warner Street Market! This 3 unit student rental property is waiting for the next owners to breathe new life into it! The main house (1048 Warner Street) consists of 2 bedrooms, 1 bathrooms and features a bonus room with french doors to the backyard. This unit boasts hardwood floors and a vintage kitchen. Down the driveway you will find the second unit (1050 Warner Street) consisting of a permitted studio garage conversion with a kitchenette and bathroom. The third unit (1048 1/2 Warner Street) consists of another studio without the benefit of permits that offers a kitchen and bath. Each unit offers their own separate entries with a shared common yard and driveway. The walkability of this location promotes the possibility of premium rent. Bring your ideas! With some TLC, this property can shine again!

Property Information

Size 1,717 SqFt
Price/SqFt $215
Lot Size 0.15 Acres
Year Built 1950
Property Type Residential Income
Zoning R3
Listing Number SN23134731
Listed 7/20/2023
Modified 12/6/2023
Listing Agent Sabrina Chevallier
Listing Office Re/Max of Chico
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
  • Wall/Window Unit(s)
  • None
Garage Spaces
  • 0.00
Gross Income
  • 30000.00
Gross Scheduled Income
  • 30000.00
  • Wall Furnace
  • One
Net Operating Income
  • 28000.00
Operating Expense
  • 2000.00
  • None
Price Pe rUnit
  • 123000
  • Public Sewer
  • 1
Total Expenses
  • 166.00
  • Neighborhood
Water Source
  • Public
Community Features
  • Sidewalks
  • Storm Drains