1148 Palm Avenue Chico, CA 95926

$659,000 Active
  • Front house 1148 Palm Unit A. 3 bedroom 2 bath with office and basement. Front house 1148 Palm Unit A. 3 bedroom 2 bath with office and basement.
  • Front house 1148 Palm Unit A. 3 bedroom 2 bath with office and basement.
  • Rear house 1148 Palm Ave Unit B. Accessed from rear alley. 2 bedroom 2 bath.

About the Property

Very cool property featuring two homes on one lot with each home having its own 2-car garage. The front house is the original farm house from a local ranch that is believed to have been owned by Annie Bidwell at one time. The home recently underwent a major renovation and has updated kitchen and bathrooms, but retains much of its original character with original wood windows, doors and hardware. The home features 3 bedrooms, 2 full baths, an office that has been used as a 4th bedroom, a formal dining room, separate family room, a laundry room and a large unfinished basement. There is a fully fenced private yard with access to the detached 2 car garage, and the garage has attic storage accessed by a pull down latter. At the rear of the property is a 2009 built home that features 2 bedrooms, 2 full baths, a laundry room, open kitchen and living room with vaulted ceilings, and a 2 car garage. The back house is accessed off of the alley which is fully improved with cement from E 1st Ave. The property is located in the East Avenues and is walking distance to restaurants, cafes, shops and grocery stores. The property is also just a short bike ride away from Chico High School, Chico State, and downtown Chico.

Property Information

Size 3,300 SqFt
Price/SqFt $200
Lot Size 0.25 Acres
Year Built 2009
Property Type Residential Income
Zoning R3
Listing Number SN18284260
Listed 12/3/2018
Modified 2/4/2019
Listing Agent Michael McCrady
Listing Office Michael McCrady, Broker
Total Building 3
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
  • Central
  • Wood
  • None
Garage Spaces
  • 4.00
Gross Income
  • 36600.00
Gross Scheduled Income
  • 36600.00
  • Central Furnace
  • Pull Down Stairs to Attic
  • Two
Net Operating Income
  • 31200.00
Operating Expense
  • 12504.00
Parking Total
  • 8.00
  • None
  • Public Sewer
  • None
  • 2
Total Expenses
  • 12504.00
Uncovered Spaces
  • 4.00
Water Source
  • Public
Community Features
  • Curbs
  • Sidewalks
  • Asphalt
  • Composition
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected