324 W 16th Street
Chico, CA, 95928 $ 449,000
Baths1.0 Sq 1,132 Monthly Estimate*
$ 2,801
Listed by Thrive Real Estate Company
Studio for $449,000 with 1 full bath. This 1,132 square foot home was built in 1950 on a lot size of 0.11.
Two Homes on One Lot in the Heart of Chico’s Barber District! This rare find combines classic Chico character with modern updates and incredible income potential. Whether you’re an investor, looking for multi-generational living, or simply want a property where rental income can help offset your mortgage, this opportunity is one you won’t want to miss. The front home is a 2-bedroom, 1-bathroom charmer with an additional bonus room that can serve as an office, den, or even a third bedroom. Inside, you’ll love the original hardwood floors, large picture windows that fill the space with natural light, and an updated kitchen featuring crisp white cabinetry, marble-look counters, stainless steel appliances, and a gas range with a view of the backyard. Peace of mind comes easy with a newer central HVAC system and a 60-year composition shingle roof, both installed in 2021. Tucked away at the rear of the property is the second home, a private studio unit complete with its own kitchen, bathroom, and living/sleeping area. With both alley and backyard access plus a dedicated parking space, it’s ideally set up for rental income, a guest retreat, or even an artist’s studio. Outdoor spaces add even more appeal, from the fenced front yard and welcoming porch perfect for morning coffee, to the backyard with room for storage, a garden, or simply a place to relax. And the location? Unbeatable. Just blocks from Chico State, Chico Country Day School, Rotary Park, and Downtown Chico’s shops, restaurants, and events, you’re at the center of one of Chico’s most premier and historic neighborhoods. Whether you’re searching for an income-producing property or a versatile home with classic Chico charm, this Barber District gem with two homes on one lot checks all the boxes.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Composition
Appliances Dishwasher Gas Oven Gas Range Microwave Range Hood Self Cleaning Oven Vented Exhaust Fan Water To Refrigerator Water Heater
Zoning R-2
HOA Fee 0
Garage Spaces 0
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Year Built 1950
Electric 220 Volts in Laundry
View Neighborhood
Stories Count 1
Levels One
Property Subtype Single Family Residence
Gross Income 0
Community Features Curbs Gutter(s) Storm Drain(s) Sidewalks Park
Accessibility None
County Butte
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction 0
Property Type Residential Income
HOA 0
Garage Y/N 0
Other Structures Two On A Lot
Special Listing Conditions Standard
Status Active Under Contract
Directions From Park Ave Turn Right onto W. 16th St Home is at the end of the Street on the Right.
City Chico
Entry Location 1
Senior Community Y/N 0
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 4791.6
Number of Units Leased 1
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N 0
Land Lease Y/N 0
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N 0
Rent Control Y/N 0
Building Area Units Square Feet
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 10 11
Total Actual Rent 1200
Property Sub Type Additional Single Family Residence
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InteriorInterior Amenities Ceiling Fan(s)
Flooring Laminate Wood
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N 1
Heating Y/N 1
Window Features Blinds Double Pane Windows Screens
Fireplace Y/N 0
Laundry Features Washer Hookup Electric Dryer Hookup Gas Dryer Hookup Inside
Entry Level 1
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ExteriorExterior Amenities Lighting
Fencing Wood
Parking Features Driveway Level Driveway On Site Off Street Paved One Space
Lot Features Back Yard Front Yard Level Near Park Near Public Transit Rectangular Lot Yard
Water Source Public
Total Parking 0
Lot Size Area 0.11
Foundation Details Raised Slab
Number of Buildings 2
Spa 0
Building Area Total 1132
Lot Size Acres 0.11
Road Surface Type Paved
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type City Street
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* Excluded FeaturesList ByThrive Real Estate CompanyBroker
tamara@thrive-re.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,801
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chico, CA
Average List Price $746,122
Percent of Sale Price 66%
About Chico, CA 92,365 Population
18% Since 2002
$ 46,766 Median Income
32.42 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/20/2025 | $449,000 | | Listed Price |