997 E 16th, Chico, CA 95928

997 E 16th St, Chico, CA presents a multifamily investment opportunity featuring three separate homes with existing income and future development potential. The property offers immediate usability for rental income, multigenerational living, or phased investment strategies. Buyers may explore opportunities for additional ADUs and possible lot split options, subject to verification with city and county planning departments. Current financials reflect ±$93,600 in scheduled annual income with projected upside through future improvements. Existing income in place creates flexibility for investors pursuing both current returns and future value creation.

Located in Chico’s established residential area, the property offers convenient access to shopping, public transportation, and major city corridors. Nearby amenities and employment centers support long-term rental demand, while proximity to Sierra Nevada Brewing Co. and surrounding destinations enhances neighborhood accessibility and appeal.