1050 Esplanade - Multi-Family FOR SALE


Chico, CA 95926- Downtown Chico
$999,000 USD
530-771-6940
1050 Esplanade, Chico, CA for Sale
$999,000 USD
Multi-Family - FOR SALE
1/41
null | Request Cap Rate

1050 Esplanade
Chico, CA 95926
Downtown Chico


HIGHLIGHTS

  • 2 homes on 1 Lot
  • Successful Air BNB
  • Pool

OVERVIEW

Discover a rare investment opportunity with two charming homes on a popular corner Chico lot, each currently operating as successful Airbnbs! The main home, built in the 1920s, showcases timeless character with soaring ceilings, beautiful original hardwood floors, and a bright sunroom overlooking the pool with all-new windows. The thoughtful floor plan includes multiple bathrooms—one fully remodeled to be handicap accessible with railings and a ramp. Recent upgrades bring peace of mind, including brand-new exterior paint, a Trexdecking front porch, and a replaced $15k sewer line. Adding to the property’s appeal is a huge wrap-around porch and an abundance of fruit trees—peach, cherry, and fig—that create a welcoming outdoor atmosphere. The sparkling pool was resurfaced just last year and includes a brand-new pool sweep, creating the perfect summer retreat. At one time, the home was configured as an 8-bedroom property, offering easy potential to convert back for additional rental income. The permitted cottage, once a garage, has its own address and is currently an Airbnb favorite. It offers private a spacious room with murphy bed, windows showcasing pool and neighborhood, a full bathroom and a kitchenette. It also has an on-demand hot water heater and a newer split HVAC system for comfort year-round. Whether you envision multi-generational living, a live/work setup thanks to the commercial zoning, or simply continuing its use as income-producing vacation rentals, this property offers unmatched versatility. Both homes enjoy private layouts, updated amenities, and flexible use options—live in one while renting the other, use or rent out one of the homes for commerical useage or maximize investment potential by running both as rentals. With onsite parking, handicap-friendly updates, and prime proximity to Downtown Chico, Bidwell Park, schools, restaurants, and shopping—plus the unbeatable location just one block from Chico State and four blocks from Enloe Hospital—this property is as versatile as it is valuable!

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

2

PRICE/UNIT

$499,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1050 Esplanade, Chico CA 95926

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

003104001000

ASK ABOUT THIS PROPERTY

Lisa BristowPlatinum Partners Real Estate TeamMore Info
530-771-6940

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Lisa BristowPlatinum Partners Real Estate TeamMore Info
530-771-6940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.