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    403 Ash St Chico, CA 95928

    View on Map
    Sponsored
    For Sale
    $393,000

    Single Family Residence, Craftsman,Mid Century Modern - Chico, CA

    Type:Single Family Residence
    Property size:
    2,290 SF
    Lot size:
    12,197.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 10 at 10:06 pm

    Property Features for 403 Ash St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room, Utility Room, Workshop
    Bedrooms
    5
    Bathrooms
    2
    APN
    004107001000
    Parking
    2
    Parking features
    Driveway, Garage
    Interior features
    Ceiling Fan(s), 2 Staircases, Tile Counters, Sliding Doors, Carbon Monoxide Detector(s), Window Features: Blinds
    Exterior features
    Fence, Community Features Included: Street Lights, Urban, Sidewalks, Corner Lot, Level With Street, Sprinkler System
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Range, Washer
    Size
    2,290 SF
    Lot size
    12,197.00 Acres

    Utilities

    Heating system
    Central, Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1904
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet, Vinyl, Wood
    Building materials
    Stucco, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Adam Fedeli

    Chico Homes Real Estate Sales (530) 864-5407

    Listing agent Adam Fedeli (530) 895-9378 License #01175184

    Listing date Mar 9, 2026

    MLS# SN26049865 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Chico Two-Story Home Near University

    This two-story home is located near Chico State, downtown, and various services. The property is situated on a corner lot spanning over a quarter of an acre and is zoned R3, offering potential for additional units. The property has been recently updated with interior and exterior paint. The property is suited to community living and has the potential to be rented for $3,200 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.849506
    Latitude
    39.721503

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    FAQs

    What type of property is this?
    Single family property - Two-story home near Chico State, ideal for community living.
    Where is this single family property located?
    The property is located at 403 Ash St Chico, CA.
    What is the asking price?
    The asking price for this property is $393,000.
    What are key features of this property?
    This property features: - High rental income potential: Currently rents for $3,200 per month.; - R3 zoning on a large corner lot (over a quarter acre) allows for additional units.; - Ideally located near Chico State, downtown, and services.
    (530) 895-9378
    Request Owner's contact information
    403 Ash St Chico, CA 95928
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    Chico, CA 95928
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    403 Ash St Chico, CA 95928
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    We can help!
    Listing Contact
    Adam Fedeli
    Real Estate License ID: 01175184
    (530) 895-9378 (530) 680-5256
    Learn more
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