324 W 16th Street Chico, CA 95928

$449,000 Active

About the Property

Two Homes on One Lot in the Heart of Chico’s Barber District! This rare find combines classic Chico character with modern updates and incredible income potential. Whether you’re an investor, looking for multi-generational living, or simply want a property where rental income can help offset your mortgage, this opportunity is one you won’t want to miss. The front home is a 2-bedroom, 1-bathroom charmer with an additional bonus room that can serve as an office, den, or even a third bedroom. Inside, you’ll love the original hardwood floors, large picture windows that fill the space with natural light, and an updated kitchen featuring crisp white cabinetry, marble-look counters, stainless steel appliances, and a gas range with a view of the backyard. Peace of mind comes easy with a newer central HVAC system and a 60-year composition shingle roof, both installed in 2021. Tucked away at the rear of the property is the second home, a private studio unit complete with its own kitchen, bathroom, and living/sleeping area. With both alley and backyard access plus a dedicated parking space, it’s ideally set up for rental income, a guest retreat, or even an artist’s studio. Outdoor spaces add even more appeal, from the fenced front yard and welcoming porch perfect for morning coffee, to the backyard with room for storage, a garden, or simply a place to relax. And the location? Unbeatable. Just blocks from Chico State, Chico Country Day School, Rotary Park, and Downtown Chico’s shops, restaurants, and events, you’re at the center of one of Chico’s most premier and historic neighborhoods. Whether you’re searching for an income-producing property or a versatile home with classic Chico charm, this Barber District gem with two homes on one lot checks all the boxes.

Property Information

Size 1,132 SqFt
Price/SqFt $397
Lot Size 0.11 Acres
Year Built 1950
Property Type Residential Income
Zoning R-2
Listing Number SN25191724
Listed 8/20/2025
Modified 10/9/2025
Listing Agent Tamara Lambert
Listing Office Thrive Real Estate Company
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Units Leased
  • 1
# Water Meters
  • 1
Accessibility Features
  • None
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Exterior
  • Lighting
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Heating
  • Central
Interior
  • Ceiling Fan(s)
Levels
  • One
Other Structures
  • Two On A Lot
Pool
  • None
Price Pe rUnit
  • 224500
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Total Actual Rent
  • 1200.00
Views
  • Neighborhood
Water Source
  • Public
Flooring
  • Laminate
  • Wood
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Appliances
  • Dishwasher
  • Gas Oven
  • Gas Range
  • Microwave
  • Range Hood
  • Self Cleaning Oven
  • Vented Exhaust Fan
  • Water Heater
  • Water Line to Refrigerator