2915 Godman Chico, CA 95973

$649,850 Active

About the Property

2915, 2917, 2919 Godman Ave, known as Godman Arbor Commons, in Chico Ca represents a truly exceptional and strategic opportunity for the discerning investor or 1031 exchanger. This property uniquely combines a rare, R2-zoned | Min 6 units -14 units Max per Acre 69 acres | with significant medium-density development potential, immediate income-generating | former AirBNB ; rentals with existing homes ( per Seller ) comprising of 3 br | 1 ba Bonus Room= 1140 sf and 2 br | 1 ba | Shop=1000 sf capacity from high-demand rental markets, and a prime location within Chico's thriving real estate landscape. Despite its current fixer upper status | ie recent fire | July 2023 | on one of the homes at 2915 Godman | 5br | 2ba | 2500 sf | it offers a unique canvas for substantial value creation, promising both robust cash flow on the EXISTING income generating homes- 3 br | 1ba Bonus Room & 2 br | 1 ba - and significant long-term capital appreciation for those ready to seize this AMAZING OPPORTUNITY. Further, the subject property is located in the Infill Development | less than 5 acres | which may NOT require an Environmental Impact Study per City of Chico.

Property Information

Size 4,640 SqFt
Price/SqFt $140
Lot Size 0.69 Acres
Year Built 1965
Property Type Residential Income
Zoning R2
Listing Number FR25279247
Listed 6/24/2024
Modified 12/23/2025
Listing Agent Rufi Alday
Listing Office Real Broker
Total Building 3
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 2
# Water Meters
  • 3
Community Features
  • Biking
Garage Spaces
  • 6.00
Gross Scheduled Income
  • 44000.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 38200.00
Operating Expense
  • 5800.00
Parking Total
  • 6.00
Pool
  • None
Price Pe rUnit
  • 216617
Senior Community
  • Yes
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 1
Style
  • Ranch
Total Actual Rent
  • 2000.00
Total Expenses
  • 1000.00
Water Source
  • Well
Tenant Pays
  • All Utilities
  • Cable TV
  • Exterior Maintenance
  • Grounds Care
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Available
  • Phone Available
  • Sewer Connected
  • Water Available