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Listed by Nicole Carter • Century 21 Select Real Estate, Inc.
$550,000
Est. payment /mo
0.7 Acres Lot
Pending
2044 Humboldt RD Chico, CA 95928
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSN25055842
Originating Board California Regional MLS
Lot Size 0.700 Acres
Property Sub-Type Other Residential Land
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 D0
Exterior
Utilities Available Telephone - Not On Site
View Local/Neighborhood
Building
Water Well
Others
Tax ID 002050021000
Special Listing Condition Not Applicable
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