Two-Home Duplex with
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 Market52
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
Listed By:
Kiersten Morgan · License #01808835
(530) 895-3063
Source:
Elliman
Added: Aug 17
Changed: Sep 29
Last Checked: Oct 5 at 5:24PM
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 / Yr
$25,895
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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
