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Sold on 02/06/2024
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429 W 1st Ave, Chico, CA 95926

$497,000

Last sold 02/06/2024 for $525K

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    bed

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    bath

Multi-family not for sale
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About 429 W 1st Ave

Property type Multi-family
Neighborhood
Year built 2010
HOA fee $0/month
Lot size 9,148 Sqft
Movoto estimate
Parking 1 garage spaces
Rental estimate
Property description
Unlock the potential of this exceptional investment property in the heart of Chico, California. The 4-bedroom, 4.5-bathroom residence offers a rare blend of spaciousness and modern comfort, making it a lucrative addition to your portfolio. Designed to attract high-paying tenants seeking quality living, each bedroom features its own en-suite bathroom for tenant privacy, modern upgrades, and an open kitchen. Centrally located to shopping, downtown Chico, Bidwell Park and walking distance to Chico State University. Don't miss the opportunity to capitalize on this income-generating asset. Schedule a viewing today and secure your future returns.
Listed by
Listing Agent - Peter Farsai
Listing Office - Masiv Real Estate Inc.
Source: CRMLS mls logo
MLS#SN23175805 • last updated 2 years ago
Movoto checked CRMLS for data 2 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 2010
Condition Turnkey, Updated/Remodeled
Interior
Interior Features Ceiling Fan(s), In-Law Floorplan
Exterior
Foundation Raised
Building Area Square Feet, 1430
Roof Shingle
Parking Deck, Direct Garage Access, Driveway, Concrete
# Parking Spaces 1
# Garage Spaces 1
Lot Description Back Yard, Front Yard, Sprinklers None
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric 220 Volts In Laundry
Spa None
Pool None
Location
View None
County Butte
Community Features Biking, Curbs, Fishing, Foothills, Golf, Park
Zoning R3
Directions South On Esplanade, West On W. 1st Ave, Property On The Left Hand Side.
APN 3085003000
Multifamily Details
Expense: Trash 263
Operating Expense 1103
Expense: Insurance 700
Total Expenses 6884
Expense: Water/ Sewer 840
Gross Income 49800
Expense: Electric 4924
Gross Scheduled Income 51500
Expense: Fuel 157
$497K
Range: $447K-$546K
Last 30 days 
Rental est.: $786/month
Gross rent multiplier: 55.7
  • Feb 2024
    mls logo MLS # SN23175805
  • Feb 6, 2024 Sold
    $525,000
  • Oct 11, 2023 Price Change
    $550,000 (-4.3%)
  • Sep 12, 2023 Listed
    $575,000 (+6.7%)
  • Feb 2024
    mls logo MLS # SN23171798
  • Feb 6, 2024 Sold
    $525,000
  • Nov 8, 2023 Price Change
    $525,000 (-4.4%)
  • Oct 12, 2023 Price Change
    $549,000 (-0.2%)
  • Sep 19, 2023 Price Change
    $575,000 (+4.7%)
  • Sep 8, 2023 Listed
    $539,000 (+107.3%)
  • Feb 2024
    Public Records
  • Feb 6, 2024 Sold
    $525,000
  • Sep 2023
    mls logo MLS # SN23190133
  • Sep 13, 2023 Listed
    $549,000 (-4.5%)
  • Apr 2018
    mls logo MLS # CH17164016
  • Apr 27, 2018 Sold
    $260,000
  • Mar 29, 2018 Sold
    $260,000 (-3.5%)
  • Mar 29, 2018 Contingent
    —
  • Mar 21, 2018 Withdrawn
    —
  • Jan 7, 2018 Active
    —
  • Jan 7, 2018 Contingent
    —
  • Sep 21, 2017 Price Change
    $269,500 (-2.0%)
  • Jul 18, 2017 Listed
    $275,000
  • Jul 18, 2017 Listed
    $275,000 (-3.5%)
  • Mar 2006
    Public Records
  • Mar 17, 2006 Sold
    $285,000
  • Year Property taxes Tax assessment
  • 2024
    $5,120 +1.2%
    $535,500 +17.97%
  • 2023
    $5,060 +1.6%
    $453,937
  • 2022
    $4,979 +1.9%
    $453,937 +2.0%
  • 2021
    $4,885 +54.8%
    $445,037 +59.31%
  • 2020
    $3,155 +5.2%
    $279,352
  • 2019
    $3,000 +3.9%
    $279,352 +5.34%
  • 2018
    $2,889
    $265,200
  • 429 W 1st Ave
    $525K
  • 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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