11241124 1/2 Warner Street Chico, CA 95926

$415,000 Pending

About the Property

1124 Warner is 4bd house - 1124 1/2 A&B is a duplex. Two dwellings, one parcel! Opportunity knocking! Desirable student location with easy access to Chico State University and downtown. Located across from the Warner Street Market the property consists of a single family home and a free standing duplex. The home per county records was built in 1938 and added onto at a later date. There are four bedrooms a nice sized living area, basement plus forced air heating and cooling. The duplex is two story with both the upper and lower unit being one bedroom one bath. These cozy units have wall heaters, window air conditioning and are perfect for student housing. Access to the property is from the alley off East First Avenue. Warner Street does not provide on street parking, however there is tenant parking in the driveway for the home. With over 9000 square feet of usable space, the lot lends itself to possible expansion. Both the single family home and duplex are served by city sewer and city water.

Property Information

Size 2,100 SqFt
Price/SqFt $198
Lot Size 0.22 Acres
Year Built 1938
Property Type Residential Income
Zoning R3
Listing Number SN22231688
Listed 10/28/2022
Modified 8/29/2023
Listing Agent Michael Fortino
Listing Office Coldwell Banker C&C Properties
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 1
# Water Meters
  • 1
Carport Spaces
  • 0.00
Community Features
  • Curbs
  • Wood
  • None
Garage Spaces
  • 0.00
Gross Operating Income
  • 25200.00
Gross Scheduled Income
  • 25200.00
  • Central
  • Ceiling Fan(s)
Net Operating Income
  • 17746.00
Operating Expense
  • 7454.00
Parking Total
  • 3.00
  • None
Price Pe rUnit
  • 138333
  • Composition
  • Public Sewer
  • None
  • 2
Uncovered Spaces
  • 3.00
  • Neighborhood
Water Source
  • Public
  • Gas Range
  • Refrigerator
  • Central Air
  • Wall/Window Unit(s)
  • Carpet
  • Vinyl
  • Wood