631 West 8th Street, Chico, CA 95928
631 West 8th Street, Chico, CA 95928
Property Description
Attention investors! Great opportunity to own a proven income producing rental in one of Chico's most desirable college-area locations just minutes from Chico State and downtown. This property has been consistantly rented to students year after year, making it a great investment with a strong rental history. The home has been nicely maintained and offers a new roof, new electrical panel, fresh interior & exterior paint, dual pane windows, newer sewer line to the street, laminate wood floors and all necessary appliances including refrigerator, washer & dryer. The fenced back yard is spacious offering a covered porch and a detached carport. This turn key property is a wonderful investment opportunity!!
Features & Amenities
Property Details
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Current Rates
Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Chico · Single Family Residence
Listed 28.6% below the median closed sale of $489,000. Price per sqft ($234) is a 31% discount to closed comps ($338). Closed comps sold at 101% 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1335 Martin St | Chico | 1910 | 3 | 1 | 1,288 | 9,147 | $271 | $349,500 | 13 | 82 |
| 3020 Biscayne | Chico | 2019 | 3 | 2 | 1,350 | 7,841 | $356 | $480,000 | 3 | 78 |
| 33 Lawnwood Drive | Chico | 1967 | 3 | 2 | 1,326 | 12,196 | $293 | $389,000 | 21 | 78 |
| 872 Sequoyah Avenue | Chico | 1991 | 3 | 2 | 1,390 | 6,534 | $287 | $399,000 | 7 | 78 |
| 1038 5th Street | Chico | 1945 | 3 | 2 | 1,271 | 5,663 | $260 | $329,900 | 80 | 77 |
| Total: 5 · Average | 3.0 | 1.8 | 1,325 | 8,276.2 | $293.4 | $389,480 | 24.8 | |||
| Median | 1,326 | $389,000 | ||||||||
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 | 87 |
| 476 Redwood | Chico | 1960 | 09/24/2026 | 4 | 2 | 1,458 | 7,405 | $419,000 | $419,000 | $287 | 1.00 | 57 | 84 |
| 2931 Kennedy Avenue | Chico | 1930 | 09/21/2026 | 3 | 2 | 1,440 | 27,007 | $649,000 | $700,000 | $486 | 1.08 | 26 | 81 |
| 515 Mission Santa Fe | Chico | 1999 | 10/06/2026 | 3 | 2 | 1,479 | 5,663 | $489,000 | $489,000 | $331 | 1.00 | 43 | 79 |
| 10 Savannah Lane | Chico | 1991 | 10/09/2026 | 3 | 2 | 1,606 | 6,534 | $525,000 | $515,000 | $321 | 0.98 | 56 | 77 |
| Total: 5 · Average | 3.4 | 2.0 | 1,476.6 | 10,802.8 | $498,600 | $498,600 | $337.8 | — | 48.4 | ||||
| Median | 1,458 | $489,000 | $489,000 | ||||||||||
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.