Two-Home Duplex with
New
For Sale
$475,000
2050 Laburnum, Chico, CA 95926
Two separately metered residences offer distinct yards, carport parking, and individual street access.
Property Size2,039 SF
Days on Market6
Property Features for 2050 Laburnum
General Information
Standard status
Active
Size
2,039 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
2,039 SF
Year Built
1937
Buildings
2
Stories
1
Units
2
Listing Agency:
Keller Williams Realty Chico Area
(530) 895-3063
Listed By:
Kiersten Morgan · License #01808835
(530) 895-3063
Source:
Elliman
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 22 at 11:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Chico Area
Investment Insights
Based on property information with market context.
This duplex property includes two separate homes on one lot, each with its own street frontage, PG&E meter, carport, and fenced yard. The residence at 2050 Laburnum provides 2 bedrooms, 2 bathrooms, a bonus room, indoor laundry, approximately 1,096 square feet of living area, and a private fenced patio. The home at 355 East Lindo includes 2 bedrooms, 1 bathroom, indoor laundry, approximately 943 square feet, and a large fenced front yard. Both residences were built in 1937.
The property is positioned near The Avenues, Lindo Channel, Enloe, CSUC, freeway access, and Downtown Chico. The second residence is tenant-occupied through the end of September. BikeScore is 77, rated Very Bikeable, while WalkScore is 66, rated Somewhat Walkable.
The property is positioned near The Avenues, Lindo Channel, Enloe, CSUC, freeway access, and Downtown Chico. The second residence is tenant-occupied through the end of September. BikeScore is 77, rated Very Bikeable, while WalkScore is 66, rated Somewhat Walkable.
Key Highlights
- Two separate homes on one lot with individual street frontage
- Separate PG&E meters, carports, and fenced yards for each residence
- 2050 Laburnum: 2 bedrooms, 2 bathrooms, bonus room, and approximately 1,096 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,895
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$517,900
$517.9K
Cap Rate 7%
$369,929
$369.9K
Cap Rate 9%
$287,722
$287.7K
Market Conditions
NOI Build-Up for 2,039 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.4K $18.84/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$37.0K $18.14/SF
− OpEx
−$11.1K −$5.44/SF
NOI
$25.9K $12.70/SF
Area
Chico, CA
Vacancy
3.70%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$517,900
Cap Rate 7%
$369,929
Cap Rate 9%
$287,722
Alternative Uses
Best Use
Multifamily LT 5
$369.9K
$323.7K – $431.6K
NOI $25,895 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$336.2K
$294.2K – $392.3K
NOI $23,537 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$411.7K
$360.2K – $480.3K
NOI $28,818 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer distinct yards, carport parking, and individual street access.
Where is this duplex located?
The property is located at 2050 Laburnum Chico, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two separate homes on one lot with individual street frontage; Separate PG&E meters, carports, and fenced yards for each residence; 2050 Laburnum: 2 bedrooms, 2 bathrooms, bonus room, and approximately 1,096 square feet
