Building Details

Building Size 1,728 SF

Year Built 1957

Stories 2

Units 2

Listed By: Liz Skutley Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 6 Last Checked: Oct 9 at 9:19PM

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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 Liz Skutley

Investment Insights

Based on property information with market context.

This property features two homes on one lot. The front house, built in 1957, is a 928 square foot home with 2 bedrooms and 1.5 bathrooms. It has been recently remodeled with new exterior paint, new interior paint, new dual pane windows, new cabinets, new countertops, new appliances, new flooring, and a new updated downstairs bathroom. The back house is an 800 square foot ADU home with 3 bedrooms and 2 bathrooms, built in 2022. Each home has its own privately fenced, low-maintenance yard and separate utility meters. This property is located in Chico, California.

Key Highlights

• Two homes on one lot: a remodeled 2‑bedroom house and a newer 3‑bedroom ADU
• The front house has been recently remodeled with new exterior paint, interior paint, dual pane windows, cabinets, countertops, appliances, flooring, and an updated downstairs bathroom
• The back house is an 800 sq. ft. ADU built in 2022 with 3 bedrooms and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,946

Cap Rate

4.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,920 $438.9K

Cap Rate 7%

$313,514 $313.5K

Cap Rate 9%

$243,844 $243.8K

Market Conditions

NOI Build-Up for 1,728 SF

Gross rent

$32.6K $18.84/SF

− Vacancy

−$1.2K −$0.70/SF

EGI

$31.4K $18.14/SF

− OpEx

−$9.4K −$5.44/SF

NOI

$21.9K $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%

$438,920

Cap Rate 7%

$313,514

Cap Rate 9%

$243,844

Alternative Uses

Best Use

Multifamily LT 5

$313.5K

$274.3K – $365.8K (±1% cap)

NOI $21,946 @ 7.0% cap · market cap 4.62%

Second Best

Apartment 5plus

$285.0K

$249.3K – $332.5K (±1% cap)

NOI $19,947 @ 7.0% cap · market cap 4.20%

Theoretical Best

Office A

$348.9K

$305.3K – $407.1K (±1% cap)

NOI $24,423 @ 7.0% cap · market cap 5.14%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Butcher (Bike/Boat/Book/etc) Store Pet Grooming Service Mobile Phone Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,424

Businesses Nearby

Explore this area Business Placement

Demographics for 95928, CA

38,378

Population

17,455

Households

2.2

Avg Household Size

35

Median Age

41%

College-Educated

90%

High-School Grad

145.4 sq mi

ZIP Area

264

Density / Sq Mi

$65,350

Median Household Income

$32,615

Median Earnings

$1,419

Median Rent

$476,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two charming homes on one lot in Chico, California.

Where is this duplex located?

The property is located at 358 E 12th St Chico, CA.

What is the asking price?

The asking price for this property is $474,999.

What are key features of this property?

This property features: Two homes on one lot: a remodeled 2‑bedroom house and a newer 3‑bedroom ADU; The front house has been recently remodeled with new exterior paint, interior paint, dual pane windows, cabinets, countertops, appliances, flooring, and an updated downstairs bathroom; The back house is an 800 sq. ft. ADU built in 2022 with 3 bedrooms and 2 bathrooms