
1038 West 5th Street, Chico, CA 95928
1038 West 5th Street, Chico, CA 95928
Property Description
Attention parents and investors! Don’t miss this exceptional opportunity to own a well maintained 3-bedroom, 2-bath home with over 1,200 square feet of living space in one of Chico’s most desirable college-area locations. Recently improved with NEW kitchen countertops, a NEW stainless steel kitchen sink and faucet, NEW plumbing and supply lines, a NEW garbage disposal, and a NEW faucet in the smaller bathroom! These fresh updates add even more appeal to an already attractive property. Just minutes from Chico State and downtown, this home offers the perfect combination of convenience, comfort, and investment potential. Whether you’re looking for a home for your college student or an income-producing rental, this property checks all the boxes. It has been consistently rented to students year after year, offering an established rental history. Inside, you’ll find a clean, move-in-ready interior featuring fresh paint, laminate flooring in the living area, new carpet in the bedrooms, and all major appliances—including the refrigerator, washer, and dryer—are included. The spacious, fully fenced backyard offers endless possibilities for outdoor activities or future enhancements. With its desirable location near Chico State, recent improvements, and appeal to both owner-occupants and investors, this is an opportunity you won’t want to miss!
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Chico · Single Family Residence
Listed 14.3% below the median closed sale of $385,000. Price per sqft ($260) is a 23% discount to closed comps ($339). Closed comps sold at 104% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 573 White | Chico | 1954 | 3 | 2 | 1,236 | 12,197 | $271 | $335,000 | 12 | 87 |
| 1361 Arlington Drive | Chico | 1965 | 3 | 2 | 1,188 | 6,098 | $353 | $419,000 | 1 | 86 |
| 234 3rd | Chico | 1931 | 2 | 2 | 1,155 | 4,356 | $390 | $450,000 | 63 | 85 |
| 9803 Cohasset Road | Chico | 1962 | 3 | 2 | 1,316 | 32,234 | $171 | $225,000 | 64 | 85 |
| 226 W 6th Ave | Chico | 1961 | 2 | 2 | 1,272 | 8,712 | $326 | $415,000 | 76 | 83 |
| Total: 5 · Average | 2.6 | 2.0 | 1,233.4 | 12,719.4 | $302.2 | $368,800 | 43.2 | |||
| Median | 1,236 | $415,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 969 Humboldt Avenue | Chico | 1940 | 10/05/2026 | 4 | 2 | 1,400 | 7,405 | $370,000 | $370,000 | $264 | 1.00 | 60 | 89 |
| 42 Oak | Chico | 1951 | 10/09/2026 | 3 | 1 | 1,222 | 9,148 | $359,000 | $375,000 | $307 | 1.04 | 31 | 88 |
| 2931 Kennedy Avenue | Chico | 1930 | 09/21/2026 | 3 | 2 | 1,440 | 27,007 | $649,000 | $700,000 | $486 | 1.08 | 26 | 83 |
| 8 Hemming Lane | Chico | 1987 | 10/01/2026 | 3 | 2 | 1,231 | 4,356 | $373,000 | $385,000 | $313 | 1.03 | 22 | 82 |
| 1143 Cork Oak | Chico | 2017 | 09/11/2026 | 3 | 2 | 1,318 | 4,356 | $419,900 | $431,000 | $327 | 1.03 | 29 | 82 |
| Total: 5 · Average | 3.2 | 1.8 | 1,322.2 | 10,454.4 | $452,200 | $452,200 | $339.4 | — | 33.6 | ||||
| Median | 1,318 | $385,000 | $385,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.