1444 Warner Street Chico, CA 95926

$579,000 Active

About the Property

Welcome to 1444 & 1448 Warner St, a charming triplex that offers an incredible rental opportunity just blocks from Chico State University and Downtown Chico. Whether you're looking to invest in student housing or a versatile income property, this triplex is packed with potential. The front house (1444 Warner St) is a darling 2-bedroom single-story home brimming with classic Chico charm. Inside, you'll find original hardwood floors, ceiling fans in every room, and a perfect balance of character and modern conveniences, including central HVAC. The kitchen features a convenient laundry area with extra storage space, and both bedrooms are generously sized, with one offering a walk-in closet. The front house also includes an off-street parking spot for added tenant convenience. Behind the front house sits the stacked duplex (1448 Warner St), featuring two spacious units, each with 4 bedrooms and 2 bathrooms. Unit A (downstairs) offers laminate flooring, and a fully enclosed private patio for outdoor enjoyment, while Unit B (upstairs) boasts updates like newer laminate flooring and a unique French door feature that allows two bedrooms to combine into one large primary suite. Both duplex units share access to an on-site coin-operated laundry room, generating additional income for the owner. The property also has alley access and a private parking lot with ample on-site parking for tenants. Located in the desirable Avenues, this property is just minutes from Chico State University, Downtown Chico, and a variety of local eateries and amenities. With its unbeatable location, strong rental history, and incredible versatility, this triplex is a fantastic addition to any portfolio. Don't miss your chance to own this amazing income-producing property - schedule your private showing today!

Property Information

Size 3,080 SqFt
Price/SqFt $188
Lot Size 0.2 Acres
Year Built 1983
Property Type Residential Income
Zoning R3
Listing Number SN25017653
Listed 1/20/2025
Modified 1/26/2025
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico Area
Total Building 1
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 1
# Water Meters
  • 3
Accessibility Features
  • None
Fencing
  • Chain Link
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 53940.00
Gross Scheduled Income
  • 53940.00
Levels
  • Two
Net Operating Income
  • 48386.00
Operating Expense
  • 5554.00
Other Structures
  • Shed(s)
Parking Total
  • 6.00
Pool
  • None
Price Pe rUnit
  • 193000
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 4495.00
Total Expenses
  • 5554.00
Uncovered Spaces
  • 6.00
Views
  • Neighborhood
Water Source
  • Public
Cooling
  • Central Air
  • Wall/Window Unit(s)
Exterior
  • Lighting
  • Rain Gutters
Heating
  • Central
  • Wall Furnace
Tenant Pays
  • Electricity
  • Gas
Flooring
  • Carpet
  • Laminate
  • Wood
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
Interior
  • Built-in Features
  • Ceiling Fan(s)
  • Laminate Counters
  • Storage
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Underground Utilities
  • Water Connected
Appliances
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Free-Standing Range
  • Gas Oven
  • Gas Range
  • Gas Water Heater
  • Range Hood
  • Recirculated Exhaust Fan
  • Refrigerator
  • Self Cleaning Oven
  • Water Heater