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Sold on 05/05/2025
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1519 Spruce Ave, Chico, CA 95926

$645,000

Last sold 05/05/2025 after 28 Days

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    bed

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    bath

Multi-family not for sale

About 1519 Spruce Ave

Property type Multi-family
Neighborhood
Year built 1936
HOA fee $0/month
Lot size 9,148 Sqft
Rental estimate
Property description
This exceptional property offers a rare blend of charm, convenience, and investment potential. Nestled in a prime location, this one-of-a-kind real estate gem features a delightful 2-bedroom, 2-bathroom main home alongside a triplex, each unit offering 1 bedroom and 1 bathroom. Whether you're looking to generate additional income, expand your real estate portfolio, or enjoy multi-generational living, this property provides endless possibilities. Step inside the main home and be greeted by an inviting living space filled with natural light, thanks to an abundance of well-placed windows. The laminate flooring adds warmth and style. The spacious living room is the perfect place to unwind, whether you're enjoying a cozy night in or entertaining guests. The kitchen is designed with functionality in mind, making meal preparation a pleasure. Featuring ample cabinetry to store all your culinary essentials and a gas range. This space is perfect for all your meal preparation needs. Both bedrooms in the main home offer generous space to relax and recharge, while the two bathrooms ensure convenience and privacy. Additional features include ceiling fans throughout for optimal comfort and a covered carport, providing protection from the elements. Beyond the main home, the triplex enhances the property's value and versatility. Each of the three units boasts a comfortable living area, a well-sized kitchen, a private bedroom, and a full bathroom, offering residents an ideal living space. With functional layouts and a desirable location, these units provide an excellent opportunity for steady rental income. Located just moments from Chico’s vibrant downtown, shopping, dining, and entertainment, this property offers the best of both worlds—proximity to local hotspots while maintaining a sense of privacy and comfort. Whether you're looking to live in the main home while renting out the triplex, or lease all four units as a smart investment, this is a rare opportunity you won’t want to miss.
Listed by
Listing Agent - Matt Depa
Listing Agent Contact: 530-896-9300
Listing Office - Re/Max of Chico
Source: CRMLS mls logo
MLS#SN25073162 • last updated 1 year ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Single Family Residence
Status Closed
Lot Size (Acres) 0.21
Lot Size (SqFt) 9148
Year Built 1936
Interior
Laundry See Remarks
Appliances Gas Range
Interior Features Ceiling Fan(s)
Exterior
Building Area Square Feet, 2800
Parking Driveway
# Carport Spaces 1
# Parking Spaces 1
Lot Description Lot 6500-9999
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
View Neighborhood
County Butte
Community Features Suburban
Zoning R1
Directions Mangrove, Right Onto E 7th, Left Onto Spruce
APN 3404004000
Multifamily Details
Operating Expense 15713
Expense: Insurance 2494
Total Expenses 15713
Expense: Water/ Sewer 647
Gross Income 4925
Gross Scheduled Income 57480
Rental est.: $875/month
Gross rent multiplier: 61.4
  • May 2025
    mls logo MLS # SN25073162
  • May 5, 2025 Sold
    $645,000
  • Apr 14, 2025 Pending
    —
  • Apr 7, 2025 Listed
    $625,000 (+164.8%)
  • May 2025
    Public Records
  • May 5, 2025 Sold
    $645,000 (+3.2%)
  • Aug 2008
    Public Records
  • Aug 8, 2008 Sold
    $236,000 (+529.3%)
  • Feb 2001
    Public Records
  • Feb 26, 2001 Sold
    $37,500
  • Year Property taxes Tax assessment
  • 2024
    $3,312 +1.2%
    $303,898 +2.0%
  • 2023
    $3,273 +1.7%
    $297,940 +4.04%
  • 2022
    $3,219 +1.9%
    $286,372
  • 2021
    $3,158 +0.3%
    $286,372 +3.06%
  • 2020
    $3,150
    $277,880
  • 1519 Spruce Ave
    $645K
  • The Avenues
    $384K -14% y/y
  • 95926
    $419K -2% y/y
  • Chico
    $489K +3% y/y
No chart available
Statistics calculated by Movoto

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6/10
Citrus Avenue Elementary School
public Grades K-5
Chico Unified School District
6/10
Chico Junior High School
public Grades 6-8
Chico Unified School District
8/10
Chico High School
public Grades 9-12
Chico Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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