1339 Laburnum Avenue Chico, CA 95926

$539,000 Active

About the Property

Rare Chico Opportunity – Two Homes on One Lot! Whether you are searching for a smart investment, multi-generational living, or the perfect owner-occupied income property, this exceptional offering has it all. Ideally located in the Avenues; this versatile property features two separate homes on one lot just minutes from Chico State, Enloe Health, Bidwell Park, downtown Chico, shopping, and restaurants. The charming Front House offers approximately 1,225 square feet with 3 bedrooms and 2 bathrooms and has a proven rental history of no vacancy. Filled with character, it features a brand new roof, beautiful original hardwood floors, a new kitchen floor, expansive primate suite, indoor laundry, dual-pane windows, central heating and air conditioning, and a private fenced backyard with a relaxing patio. Privately situated behind the Front House, the Carriage House offers approximately 850 square feet with 2 bedrooms and 2 bathrooms. Built in 2003 this modern home features vaulted ceilings, all new flooring throughout, totally private from Front House and an open and airy feel. It has its own private fenced backyard and patio. The home has new LVP flooring throughout, newer appliances in the kitchen, newer washer and dryer and new bath vanities with granite counter tops. There is private parking available for multi cars. With a strong rental history in a highly desirable location, this property offers outstanding flexibility for investors, extended families, or buyers looking to live in one home while generating income from the other. Opportunities like this are rare—two well-maintained homes, private outdoor spaces for each residence, seperate meters and excellent income potential all wrapped into one exceptional Chico property. Don’t miss your chance to own this premier multi-unit compound designed for the serious investor or the savvy homeowner looking for a "house-hack".

Property Information

Size 2,075 SqFt
Price/SqFt $260
Lot Size 0.21 Acres
Year Built 1946
Property Type Residential Income
Listing Number SN26171161
Listed 7/16/2026
Modified 8/6/2026
Listing Agent Heather DeLuca
Listing Office Re/Max of Chico
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 2
Cooling
  • Central Air
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 47000.00
Gross Scheduled Income
  • 44400.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 41600.00
Operating Expense
  • 2400.00
Pool
  • None
Price Pe rUnit
  • 269500
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Expenses
  • 4200.00
Views
  • Neighborhood
Water Source
  • Public
Community Features
  • Street Lights
  • Sidewalks
Appliances
  • Gas Cooktop
  • Microwave
  • Gas Range
  • Dishwasher
Interior
  • Built-in Features
  • High Ceilings
  • Ceiling Fan(s)
  • Open Floorplan
  • Tile Counters
  • Cathedral Ceiling(s)
  • Granite Counters