1515 Arcadian Avenue, Chico CA 95926 | $569,000

TWO HOMES on one lot in a prime Chico locationthe Avenues. This property checks every box for investors and house hackers alike, offering excellent rental history, strong upside potential, and peace of mind with recent upgrades. Located a block from Enloe Hospital, and minutes from Chico State, Chico High, and Downtown Chico, this is one of the most convenient and in-demand areas in town. The central location attracts a wide range of tenantsfrom students to professionalsensuring consistent rental demand and minimal vacancy. The main home has been consistently rented for $2,225/month, but with new tenants the market rent is closer to $2,350$2,400 as-is, and up to $2,600/month with minor updates. The ADU has rented steadily at $1,250/month, with current market rent more in the $1,350$1,400/month range. Together, this setup provides a fantastic opportunity for steady cash flow and appreciation in one of Chicos most desirable neighborhoods. The property has also benefited from important recent improvements, giving investors confidence in long-term performance. The roof was replaced within the last 3 years, the main house HVAC within the last 5 years, and mini-splits were added to the ADU. The exterior paint was redone in the last 5 years, and the interior paint within the last 3. The main home, accessible from Arcadian Avenue, is a 3-bedroom, 2-bathroom with an attached 2-car garage (including laundry) and a fully fenced backyard. Step inside and youre greeted by a vaulted ceiling, making the space feel bright and open. The back unit (ADU) is tucked away with alley access, givi