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About This Home
This 0-bedroom, 0-bathroom commercial at 1050 Esplanade in Chico, CA is listed for $899,000 ($326 per sqft). Built in 1920, the home offers 2,755 sqft of living space on a N/A lot.
Discover a rare investment opportunity with two charming homes on a popular corner Chico lot, each currently operating as successful Airbnbs!
The main home, built in the 1920s, showcases timeless character with soaring ceilings, beautiful original hardwood floors, and a bright sunroom overlooking the pool with all-new windows. The thoughtful floor plan includes multiple bathrooms—one fully remodeled to be handicap accessible with railings and a ramp. Recent upgrades bring peace of mind, including brand-new exterior paint, a Trexdecking front porch, and a replaced $15k sewer line. Adding to the property’s appeal is a huge wrap-around porch and an abundance of fruit trees—peach, cherry, and fig—that create a welcoming outdoor atmosphere.
The sparkling pool was resurfaced just last year and includes a brand-new pool sweep, creating the perfect summer retreat. At one time, the home was configured as an 8-bedroom property, offering easy potential to convert back for additional rental income.
The permitted cottage, once a garage, has its own address and is currently an Airbnb favorite. It offers private a spacious room with murphy bed, windows showcasing pool and neighborhood, a full bathroom and a kitchenette. It also has an on-demand hot water heater and a newer split HVAC system for comfort year-round.
Whether you envision multi-generational living, a live/work setup thanks to the commercial zoning, or simply continuing its use as income-producing vacation rentals, this property offers unmatched versatility. Both homes enjoy private layouts, updated amenities, and flexible use options—live in one while renting the other, use or rent out one of the homes for commerical useage or maximize investment potential by running both as rentals.
With onsite parking, handicap-friendly updates, and prime proximity to Downtown Chico, Bidwell Park, schools, restaurants, and shopping—plus the unbeatable location just one block from Chico State and four blocks from Enloe Hospital—this property is as versatile as it is valuable!
Key Features
- Built in 1920
Property Details
Monthly Cost Estimate
$4,808/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1050 Esplanade
Chico, CA 95926
Property Details
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1050 Esplanade is listed at $899,000 ($326/sqft). The estimated monthly payment is $3,896 based on 20% down at 6.5% interest.
Key features include: Built in 1920.
This property is listed by Marisa Bauer and can be reached at 5302282550 or marisa@platinumpartnersteam.com.
