2044 Humboldt Rd, Chico, CA 95928

$550,000 Approx. USD 2 beds, 1 baths
776 sqft

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Agent Remarks

This nearly 1-acre property in the City of Chico presents a prime development opportunity with R3 zoning, allowing for the construction of up to 14 residential units/acre. The flat, rectangular lot offers an ideal foundation for multi-unit housing, catering to the city's growing demand for residential development. Additionally, the existing 776 sq. ft. single-family home, featuring 2 bedrooms, 1 bathroom, and a bonus office or workspace, can generate monthly rental income, providing immediate cash flow while planning future development. There is plenty of room to build an ADU behind the existing house and still build a 12 plex as shown in the preliminary design rendering to further maximize this spacious property. Whether for a developer looking to build multi-family housing or an investor seeking rental income from the existing house, plus a new ADU and with long-term appreciation, this property is a rare opportunity in a desirable location and market. See additional Land MLS listing SN25055842

Listing Details

Property type: Single Family Residence (Single Family)

Status: Pending

MLS# SN25055911

Price: $550,000

HOA Fee is $0.00

Beds: 2

Baths: 1 (1 full)

None fireplaces

Built in 1948

776 sqft

1 story