Duplex with Two
38 Kobe Loop, Chico, CA 95973
For Sale
$579,000
Two-unit residential income property with separate entrances, garages, and in-unit laundry setups for flexible occupancy.
Property Size2,287 SF
Days on Market150
Property Features for 38 Kobe Loop
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Re/Max of Chico
Listed By:
Brandi Laffins · License CA #01140900
(530) 809-4594
Source:
Elliman
Added: Jun 18
Changed: Nov 11
Last Checked: Nov 12 at 9:14AM
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
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Investment Insights
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This duplex includes two residential units on one lot, built in 2008. The downstairs 3-bedroom, 2-bath unit features an open-concept living and dining area with abundant natural light, along with a kitchen that includes warm wood cabinetry, generous counter space, a breakfast bar, and new stainless steel appliances. Additional in-unit features include fresh carpeting, ceiling fans throughout, indoor laundry, an attached 2-car garage, and a private covered patio for outdoor use.
The upstairs unit offers its own private entrance and separate garage, supporting privacy and flexibility. Inside, it includes a spacious living area, a full kitchen, a primary bedroom with an en-suite bath, and an additional guest bedroom. A private balcony provides outdoor space.
For buyers and investors, the property’s two distinct layouts and separate garage/entry arrangements can support a multi-generational setup or dual-rental strategy. For owner-occupants, the second unit can provide help with housing costs while maintaining separation from the downstairs living space. Located in North Chico near Hooker Oak Park and Bidwell Park, the home also benefits from proximity to parks and local amenities.
The upstairs unit offers its own private entrance and separate garage, supporting privacy and flexibility. Inside, it includes a spacious living area, a full kitchen, a primary bedroom with an en-suite bath, and an additional guest bedroom. A private balcony provides outdoor space.
For buyers and investors, the property’s two distinct layouts and separate garage/entry arrangements can support a multi-generational setup or dual-rental strategy. For owner-occupants, the second unit can provide help with housing costs while maintaining separation from the downstairs living space. Located in North Chico near Hooker Oak Park and Bidwell Park, the home also benefits from proximity to parks and local amenities.
Key Highlights
- Two‑unit residential property built in 2008 with separate entrances, each unit with its own garage
- Downstairs unit: 3 bedrooms, 2 bathrooms with an open‑concept layout and abundant natural light
- Upstairs unit: 2 bedrooms, 2 bathrooms with its own private entrance, private balcony, and a designated 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,045
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,900
$580.9K
Cap Rate 7%
$414,929
$414.9K
Cap Rate 9%
$322,722
$322.7K
Market Conditions
NOI Build-Up for 2,287 SF
Gross rent
$43.1K $18.84/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$41.5K $18.14/SF
− OpEx
−$12.4K −$5.44/SF
NOI
$29.0K $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%
$580,900
Cap Rate 7%
$414,929
Cap Rate 9%
$322,722
Alternative Uses
Best Use
Multifamily LT 5
$414.9K
$363.1K – $484.1K
NOI $29,045 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$461.8K
$404.0K – $538.7K
NOI $32,323 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
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Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
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Market
Properties on Market for Duplexes in Chico
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with separate entrances, garages, and in-unit laundry setups for flexible occupancy.
Where is this duplex located?
The property is located at 38 Kobe Loop Chico, CA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two‑unit residential property built in 2008 with separate entrances, each unit with its own garage; Downstairs unit: 3 bedrooms, 2 bathrooms with an open‑concept layout and abundant natural light; Upstairs unit: 2 bedrooms, 2 bathrooms with its own private entrance, private balcony, and a designated 1‑car garage
