CA > Chico
Chico, CA 95928,2044 Humboldt RD
Chico, CA 95928,2044 Humboldt RD
Chico, CA 95928,2044 Humboldt RD
Chico, CA 95928,2044 Humboldt RD
Chico, CA 95928,2044 Humboldt RD
Chico, CA 95928,2044 Humboldt RD
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Richard Gaviria

Richard Gaviria

+1(951) 729-0596
$ 550,000
Est. payment | /mo

0.7 Acres Lot

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$ 550,000
Est. payment | /mo
Save Video Tour

0.7 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN25055842

HOA Y/N No

Lot Size 0.700 Acres

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 Residential MLS listing SN25055911

Location

State CA

County Butte

Zoning R3

Interior

Inclusions Refrigerator and Stove

Fireplace No

Exterior

Community Features Curbs, Gutter(s), Storm Drain(s)

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Available, Water Connected

View Y/N Yes

View Neighborhood

Present Use Residential

Building

Lot Description 0-1 Unit/Acre

Sewer Septic Tank

Water Well

New Construction No

Others

Senior Community No

Tax ID 002050021000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Nicole Carter • Century 21 Select Real Estate, Inc. • 5309661296
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 729-0596

richeexgaviria@gmail.com

555 e FLORDIA ave, Hemet, California, 92544, USA

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2044 Humboldt RD