1050 Esplanade Chico, CA 95926

$1,199,999 Active

About the Property

Discover a rare investment opportunity with two charming homes on a popular corner Chico lot, each currently operating as successful Airbnbs! The main home, built in the 1920s, showcases timeless character with soaring ceilings, beautiful original hardwood floors, and a bright sunroom overlooking the pool with all-new windows. The thoughtful floor plan includes three bathrooms—one fully remodeled to be handicap accessible with railings and a ramp. Recent upgrades bring peace of mind, including brand-new exterior paint, a Trex front porch, and a replaced $15k sewer line. Outside, you’ll find an abundance of fruit trees—peach, cherry, and fig—adding to the charm of this unique property. The sparkling pool was resurfaced just last year and includes a brand-new pool sweep, creating the perfect summer retreat. At one time, the home was configured as an 8-bedroom property, offering easy potential to convert back for additional rental income. The permitted cottage, once a garage, has its own address and is currently an Airbnb favorite. It offers private laundry and versatile living space, along with a pool house featuring an on-demand hot water heater and a newer split HVAC system for comfort year-round. Whether you envision multi-generational living, a live/work setup thanks to the commercial zoning, or simply continuing its use as income-producing vacation rentals, this property offers unmatched versatility. Both homes enjoy private layouts, updated amenities, and flexible use options—live in one while renting the other, or maximize investment potential by running both as rentals. With ample parking, handicap-friendly updates, and prime proximity to Downtown Chico, Bidwell Park, schools, restaurants, and shopping, this property is as versatile as it is valuable. Opportunities like this—offering character, upgrades, and income potential—rarely hit the Chico market.

Property Information

Size 2,755 SqFt
Price/SqFt $436
Lot Size 0.23 Acres
Year Built 1920
Property Type Residential Income
Listing Number SN25231814
Listed 8/21/2025
Modified 10/11/2025
Listing Agent Marisa Bauer
Listing Office Platinum Partners Real Estate
Total Building 2
Total Units 2

Property Features

Community Features
  • Curbs
Cooling
  • Central Air
Fencing
  • Average Condition
Garage Spaces
  • 0.00
Gross Income
  • 1.00
Gross Scheduled Income
  • 1.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 1.00
Operating Expense
  • 1.00
Other Structures
  • Two On A Lot
Price Pe rUnit
  • 600000
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 1.00
Views
  • Neighborhood
Water Source
  • Public
Fireplace
  • Living Room
  • Wood Burning
Flooring
  • Laminate
  • Wood
Style
  • Bungalow
  • Craftsman
Pool
  • Private
  • In Ground
  • See Remarks
Accessibility Features
  • Disability Features
  • Parking
  • Ramp - Main Level
  • See Remarks
Interior
  • Built-in Features
  • Cathedral Ceiling(s)
  • High Ceilings
  • Open Floorplan
Utilities
  • Cable Available
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Appliances
  • Dishwasher
  • Electric Range
  • Disposal
  • Gas Range
  • Instant Hot Water
  • Tankless Water Heater