1080 Ivy St. Chico, CA 95928

$525,000 Closed
  • Front house Front house

About the Property

Please Note: This property has been SOLD

Well maintained, remodeled and full of charm - TWO HOMES on 1 lot near CSUC and downtown Chico providing flexible live in one/rent the other, multi-generational living or great investment opportunity. The front house is a 3 bed/2 bath 1,377 sq. ft that has a large fenced front yard with mature trees, newer roof, and mini splits, updated windows and kitchen. The spacious living room has original oak hardwood floors and lots of natural light, the kitchen and hall have laminate flooring, and bedrooms are wood floors for low maintenance. There is a large covered back patio, storage shed and one car carport. The front home is leased for the this school year and next, with 2 returning tenants. Rent is $2200/mo. The back home is a 851 sq. ft. 1 bed/1 bath that was substantially remodeled in 2020 with quality workmanship and materials throughout offering an open floor plan with custom knotty Alder cabinets, Caesarstone countertops, custom tile backsplash, stainless appliances, tankless water heater, 2 mini splits, dual pane windows, custom window shades, & LVP flooring throughout. The custom private electric gate and pedestrian gate add privacy and security. Other amenities inlcude one car garage, separate inside laundry, nice landscaping and garden beds.

Property Information

Size 2,103 SqFt
Price/SqFt $250
Lot Size 0.26 Acres
Year Built 1948
Property Type Residential Income
Listing Number SN26039668
Listed 2/15/2026
Modified 3/27/2026
Listing Agent Lori Akers
Listing Office Parkway Real Estate Co.
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 1
# Water Meters
  • 1
Community Features
  • Sidewalks
Exterior
  • Awning(s)
Fencing
  • Good Condition
Garage Spaces
  • 2.00
Gross Income
  • 26400.00
Gross Scheduled Income
  • 26400.00
Net Operating Income
  • 15525.00
Operating Expense
  • 10875.00
Parking Total
  • 2.00
Pool
  • None
Price Pe rUnit
  • 262500
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 2200.00
Total Expenses
  • 10875.00
Water Source
  • Public
Construction Materials
  • Stucco
  • HardiPlank Type
Levels
  • One
  • Two
Other Structures
  • Storage
  • Shed(s)
Cooling
  • Electric
  • Heat Pump
  • Ductless
Fireplace
  • Gas
  • Free Standing
  • Living Room
Flooring
  • Tile
  • Wood
  • Laminate
Tenant Pays
  • Gas
  • Cable TV
  • Electricity
Interior
  • Laminate Counters
  • Ceiling Fan(s)
  • Recessed Lighting
  • Open Floorplan
  • Storage
Heating
  • Fireplace(s)
  • Natural Gas
  • Combination
  • Heat Pump
  • Ductless
  • Wall Furnace
  • See Remarks
Appliances
  • Disposal
  • Refrigerator
  • Gas Water Heater
  • Tankless Water Heater
  • Gas Range
  • Electric Oven
  • Double Oven
  • Gas Oven
  • Dishwasher
  • Gas & Electric Range