951 Walnut Street Chico, CA 95928

Listing agency Parkway Real Estate Co. E***@ColdwellBanker.com Show Phone

Listed by Eric Stofa · License #01904078 Show Phone

Source Exitrealty

Added: Mar 2 Updated: Jul 20 at 6:27PM Checked: Jul 21 at 3:59AM

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Investment Insights

Based on property information with market context.

This R3-zoned residential income property offers shovel-ready plans to build six 1-bed/1-bath units while the existing improvements generate income. The current home features hardwood floors, newer windows throughout, a kitchen with a gas range, and a fully remodeled bathroom.

Set on a generous .31-acre lot bordering Little Chico Creek, the property includes a charming red home with a welcoming covered front porch. An oversized back deck overlooks the expansive fenced yard, along with a large shop for additional utility.

Positioned near Downtown and Chico State, the site combines immediate livable space with development-ready entitlement and planning to support future multifamily construction.

Key Highlights

• R3‑zoned .31‑acre lot bordering Little Chico Creek
• Shovel‑ready plans to build six 1‑bed/1‑bath units
• Existing remodeled home with hardwood floors and newer windows throughout

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FAQs

What type of property is this?

Apartment building - R3-zoned property with shovel-ready plans for six 1-bed/1-bath units, plus an existing remodeled home.

Where is this apartment building located?

The property is located at 951 Walnut Street Chico, CA.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: R3‑zoned .31‑acre lot bordering Little Chico Creek; Shovel‑ready plans to build six 1‑bed/1‑bath units; Existing remodeled home with hardwood floors and newer windows throughout