1878 Bedford Drive Chico, CA 95928

$699,000 Active

About the Property

Amazing business opportunity- business and home are being sold together! This single family home is operating as a level 2 group home that currently houses (4) adults with developmental disabilities. Conveniently located next to Meriam Park this central location provides easy access to many amenities. Downstairs are 2 bedrooms and an office (currently being used as a 4th bedroom), and shared bathroom, while the master bedroom/bathroom is located upstairs and currently being occupied by live-in staff. To save on energy costs, there is leased solar through Sunrun at $200/mo. The current owners are retiring and are looking to pass along their beloved business to someone equally committed to providing high quality care. This investment provides a large upside and would be a great addition to the right investors portfolio.

Property Information

Size 1,842 SqFt
Price/SqFt $379
Lot Size 0.14 Acres
Year Built 1999
Property Type Residential Income
Listing Number SN25117494
Listed 5/27/2025
Modified 6/1/2025
Listing Agent Stephanie Sinnott
Listing Office Re/Max Home and Investment
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Units Leased
  • 3
# Water Meters
  • 1
Cooling
  • Central Air
Fireplace
  • Living Room
Garage Spaces
  • 2.00
Gross Income
  • 289110.00
Gross Scheduled Income
  • 289110.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 179000.00
Operating Expense
  • 192608.00
Parking Total
  • 2.00
Pool
  • None
Price Pe rUnit
  • 699000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 1.00
Water Source
  • Public
Community Features
  • Biking
  • BLM/National Forest
  • Curbs
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected