Property Detail
Description
570 E 3rd Avenue is a charming, 3 unit property nestled in the heart of Chico, California. Built in 1956, each 1-bed, 1-bath unit offers contemporary amenities, seamlessly blending timeless mid-century charm with modern functionality for enhanced comfort and versatility. The property presents a compelling opportunity for investors seeking multiple units, proximity to a variety of amenities, and stable rental income. Its convenient location and updated features make it a valuable addition to a diversified real estate portfolio. • PROPERTY OVERVIEW • Total units: Total units: 3 • Unit C was renovated in 2020 and is fully furnished • Unit configurations: 1 bedroom, 1 bathroom • Total bedrooms/bathrooms: 3 beds, 3 baths • Total living area: ~1,800 sq ft • Unit sizes: Ranging from 550 to 650 sq ft • KEY FEATURES • In-unit laundry • Centrally located • Easy access to shopping, dining, and public transportation • Units have private yards • RENTAL INCOME POTENTIAL • Current rental rates are $1,495 per month per unit. • Gross monthly rental income: $4,800 • INVESTMENT HIGHLIGHTS • Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding • Modern amenities reduce maintenance costs and enhance tenant satisfaction • Strong rental demand in the area supports consistent occupancy rates • Spacious and well-manicured yards increase appeal
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Listing provided courtesy of Michael Lee of Ryno Company. Last updated 2025-05-13 08:11:48.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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