TWO HOMES on one lot in a prime Chico location—the Avenues. This property checks every box for investors and house hackers alike, offering excellent rental history, strong upside potential, and peace of mind with recent upgrades. Located a block from Enloe Hospital, and minutes from Chico State, Chico High, and Downtown Chico, this is one of the most convenient and in-demand areas in town. The central location attracts a wide range of tenants—from students to professionals—ensuring consistent rental demand and minimal vacancy. The main home has been consistently rented for $2,225/month, but with new tenants the market rent is closer to $2,350–$2,400 as-is, and up to $2,600/month with minor updates. The ADU has rented steadily at $1,250/month, with current market rent more in the $1,350–$1,400/month range. Together, this setup provides a fantastic opportunity for steady cash flow and appreciation in one of Chico’s most desirable neighborhoods. The property has also benefited from important recent improvements, giving investors confidence in long-term performance. The roof was replaced within the last 3 years, the main house HVAC within the last 5 years, and mini-splits were added to the ADU. The exterior paint was redone in the last 5 years, and the interior paint within the last
MLS #
CRSN25196489
MLS Source
California Regional MLS
Bedrooms
Ground Floor Bedroom, Primary Suite/Retreat
Appliances
Dishwasher, Hood Over Range, Oven Range - Gas
Dining Room
In Kitchen
Fireplace
None
Flooring
Laminate
Laundry
In Garage
Cooling
Ceiling Fan, Central Forced Air
Heating
Central Forced Air
Roof
Composition
Foundation
Slab
Pool
None
Garage/Parking
Garage, Other, Garage: 2 Car(s)
Elementary District
Chico Unified
High School District
Chico Unified
HOA Fee
$0
Zoning
R1
1515 Arcadian Ave is a Single Family Residence in Chico, CA 95926. This 1,996 square foot property sits on a 9,583 Sq Ft Lot and features 4 bedrooms & 3 full bathrooms. It is currently priced at $550,000 and was built in 1986. This address can also be written as 1515 Arcadian Ave, Chico, CA 95926.
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This listing information is up-to-date as of October 03, 2025. For the most current information, please contact Jessica Williams