Description
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 residential mls listing sn25055911
Property Type
LandCounty
ButteStyle
LandAD ID
48972738
Sell a home like this and save $32,501 Find Out How
Statistics Bottom Ads 1
Property Details
-
Interior Features
Water/Sewer
- Water Source : Well
- Sewer : Septic Tank
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.7
- Lot Size Source: Estimated
- Lot Size Square Feet: 30492
-
Listing Information
Listing Price Information
- Original List Price: 550,000
- Listing Contract Date: 2025-03-07
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 002050021000
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Pending
- Source Neighborhood:
- Directions: On North side of Humboldt Rd. between Forest Ave. and El Monte Ave.
- Zoning: R3
- Source Property Type: Land
Building and Construction
- Year Built Source: Vendor Enhanced
Statistics Bottom Ads 2
Sidebar Ads 1
Learn More about this Property
Sidebar Ads 2
Sidebar Ads 2
Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
BuyOwner last updated this listing 04/05/2025 @ 06:31
- MLS: SN25055842
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is recently sold, it has 0 sqft, 30,492 sized lot, and 0 parking. are nearby neighborhoods.