2044 Humboldt Rd Pending Save Request In-Person Tour Request Virtual Tour
Chico,CA 95928
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 776 sqft
Price per Sqft $708
MLS Listing ID CRSN25055911
Bedrooms 2
Full Baths 1
Year Built 1948
Lot Size 0.700 Acres
Property Sub-Type Detached
Property 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 Land MLS listing SN25055842
Location
State CA
County Butte
Interior
Cooling Other
Flooring Wood
Fireplaces Type None
Laundry Gas Dryer Hookup,Other
Exterior
Pool None
View Other
Building
Lot Description Storm Drain
Story 1
Schools
School District Chico Unified