1515 Arcadian Avenue

Chico , CA 95926

MLS#: SN25196489

$569,000

Status: Active
Listing number: SN25196489
Listing provided by: Connect Real Estate Group
Listing agent phone: None
Last update: 3 days ago
On site: 7 days ago
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Property

Beds

4

Full Baths

3

1/2 Baths

None

Year Built

1986

Sq.Footage

1,996

TWO HOMES on one lot in a prime Chico location—the Avenues. This property checks every box for investors and house hackers alike, offering excellent rental history, strong upside potential, and peace of mind with recent upgrades. Located a block from Enloe Hospital, and minutes from Chico State, Chico High, and Downtown Chico, this is one of the most convenient and in-demand areas in town. The central location attracts a wide range of tenants—from students to professionals—ensuring consistent rental demand and minimal vacancy. The main home has been consistently rented for $2,225/month, but with new tenants the market rent is closer to $2,350–$2,400 as-is, and up to $2,600/month with minor updates. The ADU has rented steadily at $1,250/month, with current market rent more in the $1,350–$1,400/month range. Together, this setup provides a fantastic opportunity for steady cash flow and appreciation in one of Chico’s most desirable neighborhoods. The property has also benefited from important recent improvements, giving investors confidence in long-term performance. The roof was replaced within the last 3 years, the main house HVAC within the last 5 years, and mini-splits were added to the ADU. The exterior paint was redone in the last 5 years, and the interior paint within the last 3. The main home, accessible from Arcadian Avenue, is a 3-bedroom, 2-bathroom with an attached 2-car garage (including laundry) and a fully fenced backyard. Step inside and you’re greeted by a vaulted ceiling, making the space feel bright and open. The back unit (ADU) is tucked away with alley access, giving it privacy and separation. This charming 1-bedroom, 1-bathroom features a loft, wood plank ceilings, a spiral staircase, and its own vaulted ceiling for an airy feel. A private backyard and storage shed make this unit even more appealing. Mature landscaping provides excellent shade and curb appeal, and with separate utilities for each unit, management is simple and efficient. With its unbeatable location, strong rental demand, and key upgrades already in place, 1515 Arcadian Avenue is a smart investment you won’t want to miss.

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Open Floorplan

  • Total Bedrooms

    4

  • Bathrooms

    3

  • Cooling YN

    YES

  • Cooling

    Central Air, Ductless

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Main Level Bedrooms

    4

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Lap Siding

  • Parking

    Attached, Concrete, Driveway, Garage

  • Patio and Porch Features

    None

  • Pool

    Yes

  • Pool Features

    None

  • View

    Neighborhood, Trees/Woods

Area & Lot

  • Lot Features

    Sprinklers In Rear, Sprinklers In Front, Level, Rectangular Lot

  • Lot Size(acres)

    0.22

  • Property Type

    Residential

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $569,000

  • Sq. Footage

    1, 996

  • Price/SqFt

    $285

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Association Amenities

    Dog Park

  • Foundation Details

    Slab

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    8

  • Water Source

    Public

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Location

County

Butte

Elementary School

Middle School

High School

Listing Courtesy of Jessica Williams , Connect Real Estate Group

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Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


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TWO HOMES on one lot in a prime Chico location—the Avenues. This property checks every box for investors and house hackers alike, offering excellent rental history, strong upside potential, and peace of mind with recent upgrades. Located a block from Enloe Hospital, and minutes from Chico State, Chico High, and Downtown Chico, this is one of the most convenient and in-demand areas in town. The central location attracts a wide range of tenants—from students to professionals—ensuring consistent rental demand and minimal vacancy. The main home has been consistently rented for $2,225/month, but with new tenants the market rent is closer to $2,350–$2,400 as-is, and up to $2,600/month with minor updates. The ADU has rented steadily at $1,250/month, with current market rent more in the $1,350–$1,400/month range. Together, this setup provides a fantastic opportunity for steady cash flow and appreciation in one of Chico’s most desirable neighborhoods. The property has also benefited from important recent improvements, giving investors confidence in long-term performance. The roof was replaced within the last 3 years, the main house HVAC within the last 5 years, and mini-splits were added to the ADU. The exterior paint was redone in the last 5 years, and the interior paint within the last 3. The main home, accessible from Arcadian Avenue, is a 3-bedroom, 2-bathroom with an attached 2-car garage (including laundry) and a fully fenced backyard. Step inside and you’re greeted by a vaulted ceiling, making the space feel bright and open. The back unit (ADU) is tucked away with alley access, giving it privacy and separation. This charming 1-bedroom, 1-bathroom features a loft, wood plank ceilings, a spiral staircase, and its own vaulted ceiling for an airy feel. A private backyard and storage shed make this unit even more appealing. Mature landscaping provides excellent shade and curb appeal, and with separate utilities for each unit, management is simple and efficient. With its unbeatable location, strong rental demand, and key upgrades already in place, 1515 Arcadian Avenue is a smart investment you won’t want to miss.

1515 Arcadian Avenue

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