1131 W 6th Street Chico, CA 95928

$602,500 Closed

About the Property

Please Note: This property has been SOLD

Welcome to 1131 & 1133 W. 6th St, an exceptional investment opportunity, just blocks from Chico State University and Historic Downtown. This property features two beautifully upgraded homes on one lot, offering rare versatility and long-term value in a highly sought-after location. The front home (1131) is a spacious 4-bedroom,2-bathroom residence with a finished basement that serves as a perfect 5th bedroom or bonus room - ideal for student housing or larger households. It has undergone extensive renovations, including updated bathrooms, fixtures, electrical upgrades, and waterproof flooring throughout. With its generous layout and prime location, it's a proven income generator with a strong rental history. Tucked at the rear of the property is 1133, a 2-bedroom, 2-bathroom unit that was also completely remodeled. With no shared walls between the two homes, each offers privacy and comfort. Both units feature indoor laundry, separate mailing addresses, and their own fully fenced backyards, providing a true sense of independent living. While the property shares a water meter, all other utilities are separately metered, making management easy and straightforward. Zonex R3, the property may also offer development potential, with previous discussions indicating the possibility of adding a third detached unit (Buyer to verify with the City of Chico). Located just 10 blocks from Campus and a few minutes from local shops, restaurants, and parks, this location checks every box for convenience, rental demand, and lifestyle appeal. Whether you're a seasoned investor or looking for a place to live while earning income, 1131 & 1133 W. 6th St is a rare gem ready to work for you!

Property Information

Size 2,200 SqFt
Price/SqFt $274
Lot Size 0.26 Acres
Year Built 1895
Property Type Residential Income
Zoning R3
Listing Number SN25094997
Listed 4/17/2025
Modified 6/9/2025
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico Area
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 1
# Water Meters
  • 1
Accessibility Features
  • None
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Fireplace
  • None
Flooring
  • Vinyl
Garage Spaces
  • 0.00
Gross Income
  • 54000.00
Gross Scheduled Income
  • 54000.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 44465.00
Operating Expense
  • 9535.00
Other Structures
  • Shed(s)
Parking Total
  • 7.00
Pool
  • None
Price Pe rUnit
  • 319500
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 3000.00
Total Expenses
  • 9535.00
Uncovered Spaces
  • 7.00
Views
  • Neighborhood
Water Source
  • Public
Exterior
  • Lighting
  • Rain Gutters
Fencing
  • Chain Link
  • Wood
Tenant Pays
  • Electricity
  • Gas
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lights
Interior
  • Built-in Features
  • Ceiling Fan(s)
  • High Ceilings
  • Laminate Counters
  • Storage
Appliances
  • Dishwasher
  • Free-Standing Range
  • Gas Oven
  • Gas Range
  • Range Hood
  • Refrigerator
  • Self Cleaning Oven
  • Vented Exhaust Fan