Two-Home Duplex
New
For Sale
$539,000
1339 Laburnum Ave, Chico, CA 95926
Two separate residences offer private outdoor areas, individual meters, and flexible owner-occupant or rental configurations.
Property Size2,075 SF
Days on Market4
Property Features for 1339 Laburnum Ave
General Information
Standard status
Active
Size
2,075 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Building Details
Building Size
2,075 SF
Year Built
1946
Buildings
2
Stories
1
Units
2
Listing Agency:
Re/Max of Chico
(530) 896-9300
Listed By:
Heather DeLuca · License #01919038
Source:
Elliman
Added: Aug 8
Changed: Aug 11
Last Checked: Aug 10 at 8:07AM
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 Re/Max of Chico
Investment Insights
Based on property information with market context.
This duplex property at 1339 Laburnum Ave includes two independent residences on one lot. The front home measures approximately 1,225 square feet with 3 bedrooms and 2 bathrooms, along with original hardwood floors, a new roof, indoor laundry, dual-pane windows, central heating and air conditioning, and a fenced backyard with patio. The rear carriage house provides approximately 850 square feet, 2 bedrooms, and 2 bathrooms. Built in 2003, it features vaulted ceilings, updated flooring, newer kitchen appliances, a newer washer and dryer, updated bathroom vanities with granite countertops, and its own fenced outdoor area.
Each residence has separate meters, and private parking is available for multiple cars. The property is near Chico State, Enloe Health, Bidwell Park, downtown Chico, shopping, and restaurants. BikeScore is 77 and WalkScore is 66.
Each residence has separate meters, and private parking is available for multiple cars. The property is near Chico State, Enloe Health, Bidwell Park, downtown Chico, shopping, and restaurants. BikeScore is 77 and WalkScore is 66.
Key Highlights
- Two residences on one lot: approximately 1,225 SF front home and 850 SF rear carriage house
- Front residence includes 3 bedrooms, 2 bathrooms, new roof, hardwood floors, and central HVAC
- Rear carriage house has 2 bedrooms, 2 bathrooms, vaulted ceilings, and was built in 2003
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
$26,353
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
4.89%
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%
$527,060
$527.1K
Cap Rate 7%
$376,471
$376.5K
Cap Rate 9%
$292,811
$292.8K
Market Conditions
NOI Build-Up for 2,075 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
$39.1K $18.84/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$37.6K $18.14/SF
− OpEx
−$11.3K −$5.44/SF
NOI
$26.4K $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%
$527,060
Cap Rate 7%
$376,471
Cap Rate 9%
$292,811
Alternative Uses
Best Use
Multifamily LT 5
$376.5K
$329.4K – $439.2K
NOI $26,353 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$342.2K
$299.4K – $399.2K
NOI $23,953 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$419.0K
$366.6K – $488.8K
NOI $29,327 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,870
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 separate residences offer private outdoor areas, individual meters, and flexible owner-occupant or rental configurations.
Where is this duplex located?
The property is located at 1339 Laburnum Ave Chico, CA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two residences on one lot: approximately 1,225 SF front home and 850 SF rear carriage house; Front residence includes 3 bedrooms, 2 bathrooms, new roof, hardwood floors, and central HVAC; Rear carriage house has 2 bedrooms, 2 bathrooms, vaulted ceilings, and was built in 2003
