703 W 2nd Ave, Chico, CA 95926
SOLD
APR 2, 2026
Listed by Spencer Moyer, Alive Commercial Real Estate, (916) 314-7005 . Bought with Better Choice Real Estate

703 W 2nd Ave
Chico, CA 95926

The Avenues
  • 16 Beds
  • 8 Baths
  • 4,800 sqft (on 0.45 acres)

$975,000

Last Sold: Apr 2, 2026
7% below list $1.05M
$203/sqft
Est. Refi. Payment $5,820/mo*
Refinance Your Home

$975,000

Last Sold: Apr 2, 2026
7% below list $1.05M
$203/sqft
Est. Refi. Payment $5,820/mo*
Refinance Your Home
16 Beds
8 Baths
4,800 sqft
(on 0.45 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Welcome to 4 Lanterns apartments, a fantastic multifamily opportunity in Chico, CA. Built in 1983, this low-density community sits on a large 0.45 acre lot and features (4) spacious four-bedroom, two-bathroom floor plans with approximately 1,200 square feet each. The property is fully leased with (3) of the units leased "by the bedroom" to students attending California State University, Chico and (1) unit on a standard lease. Current average rents are $2,090 per unit, demonstrating the high demand for quality affordable housing. Just blocks from California State University, Chico and Enloe Hospital, the property benefits from a diverse tenant base of both students and non-students, yet current rents remain below market. Comparable properties of similar vintage and finishes are achieving rents above $595/bedroom, highlighting a clear path for organic rent growth as units turn. Offered at a compelling basis far below replacement cost, 4 Lanterns represents a rare opportunity to acquire strong day-one cash flow with prospects to add one or more ADUs on the empty, underutilized portion of the land fronting 2nd avenue.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from April 02, 2026

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$203/sqft
Listed
151 days ago

Home Details for 703 W 2nd Ave

Interior Features

Beds & Baths
Number of Bedrooms: 16Number of Bathrooms: 8
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Other, Water ConnectedAppliances: Electric RangeLaundry: Common Area
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: NoneNo Fireplace
Gas & Electric
Electric: Electricity - On Property, 220 Volts
Windows, Doors, Floors & Walls
Flooring: LaminateCommon Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: Front DoorFloors: Laminate

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Type Unknown
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 76

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 043170002000

Price & Status

Price
List Price: $1,050,000Price Per Sqft: $203/sqft
Status Change & Dates
Off Market Date: Tue Jan 13 2026

Active Status

MLS Status: Closed

Location

Direction & Address
City: Chico

Building

Building Area
Building Area: 4800 Square Feet

Community

Community Features: Biking, Suburban, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.45 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Conventional

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: SN25249748Living Area Range Units: Square FeetAttribution Contact: 8589224181Common Interest: NoneUniversal Property Id: US-06007-N-043170002000-R-N

Additional Information

BikingSuburbanSidewalksSource Internet Entire Listing Display
Last check for updates: about 4 hours ago
Listed by Spencer Moyer DRE #01940191, (858) 922-4181
Alive Commercial Real Estate
Bought with: Jose Valerio-Martinez DRE #02224989, (530) 230-7536, Better Choice Real Estate
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SN25249748

Price History for 703 W 2nd Ave

DatePriceEventSource
04/02/2026$975,000Sold
CRMLS #SN25249748
01/15/2026$1,050,000PendingCRMLS #SN25249748
10/29/2025$1,050,000Listed For SaleCRMLS #SN25249748
03/27/2020$930,000Sold
N/A
02/25/2020$955,000PendingAgent Provided
01/13/2020$955,000Listed For SaleAgent Provided
07/23/2019$1,740ListingRemovedAgent Provided
06/28/2019$1,740Listed For RentAgent Provided
05/31/2019$510,000Sold
N/A
09/02/2015$390,000Sold
N/A
05/13/2015$429,960Sold
N/A
07/14/2006$176,000Sold
N/A
11/24/2004$550,000Sold
N/A
01/22/2003$315,000Sold
N/A

Market trends in Chico

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$452K
$8KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$299
$7MoM
Available listings
271
6MoM
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Property Tax and Assessment

Year2025
Tax$11,769
Assessment$1,016,851
Home facts updated by county records

Homeowner tools

Estimated monthly rent$2,312/mo
List your home for rent

Comparable Sales for 703 W 2nd Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
12 Klondike Ct, Chico, CA
0.06
Multi-Family Home
$730,000
04/10/26
16
8
5,376
728 W Sacramento Ave, Chico, CA
0.16
Multi-Family Home
$1,025,000
10/23/25
19
10
5,828
1256 Warner St, Chico, CA
0.18
Multi-Family Home
$540,000
08/15/25
12
6
3,232
642 W 1st Ave, Chico, CA
0.08
Multi-Family Home
$1,525,000
05/29/26
32
16
11,200
216 Hazel St, Chico, CA
0.82
Multi-Family Home
$725,000
09/03/25
16
8
3,529
340 Oak St, Chico, CA
0.96
Multi-Family Home
$600,000
04/01/26
11
5
3,980
1199 Citrus Ave #1/2 & 1, Chico, CA
0.27
Multi-Family Home
$405,000
06/01/26
4
2
1,728
325 W 1st Ave, Chico, CA
0.36
Multi-Family Home
$405,000
11/28/25
4
3
1,808
1204 W 5th St, Chico, CA
1.02
Multi-Family Home
$549,000
11/17/25
12
5
3,026

Nearby homes

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Assigned Schools

These are the assigned schools for 703 W 2nd Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

The Avenues
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about The Avenues

At least 33 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 85 % Say car is needed

  • 81 % Say parking is easy

  • 79 % Say there are sidewalks

  • 66 % Say yards are well-kept

  • 58 % Say there's holiday spirit

  • 53 % Say neighbors are friendly

  • 49 % Say it's walkable to restaurants

  • 45 % Say kids play outside

  • 45 % Say it's quiet

  • 42 % Say it's walkable to grocery stores

  • 40 % Say people would walk alone at night

  • 33 % Say they plan to stay for at least 5 years

  • 32 % Say streets are well-lit

  • 30 % Say there's wildlife

  • 13 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "It’s very peaceful a lot of the time! Sometimes there will be fireworks around holidays and weirdos speeding, but other than that, it’s nice"
    5
    Flag
  • Trulia User
    "Lots of people walk their dogs, very few pick up after them and most couldn’t care less about leash laws. It is quite unfortunate considering Chico is home to so many parks."
    0
    Flag
  • Joann.bettencourt
    "Block parties, pot lucks, tight knit community. Cul de sac where kids can run and play while parents socialize."
    1
    Flag
  • Tommyross20
    "-Farmers market -Local restaurants and taco trucks are some of the best food you’ll eat. -Being close to chico state campus adds being able to have a gym close by. "
    0
    Flag
  • Kim T.
    "Lots of students, within walking area of college and downtown area. Definitely not for families, college life!"
    25
    Flag
  • Carmen
    "Farmers market Bidwell Lots of outdoor activity and close to good schoolsAble to ride your bike anywhere from this point and close the hospital Chico state theater arts good culture character of homes in the area easy access to the freewaysIt is affordable for young families in a good place to raise childrenThis is a place someone would want to stay for the rest of their life even long after the children are gone and have finish school"
    1
    Flag
  • Bkeen19
    "we do church events and help feed the homeless, we have a christmas and summer stroll down plumas street during their seasons, and walk to local gas stations. The community is calm and quite and it in the middle of the country. "
    1
    Flag
  • Joann b.
    "The neighbors are super friendly. Great place to raise kids. Houses are custom, neighborhood is safe. Everyone knows each other. Lots of kids. The best neighborhood in Chico. "
    0
    Flag
  • rhs
    "Good area for families and serious college students/young professionals. Its about a 15 min bike ride to the university/downtown & Chico high school. There is a small and clean park near by for dogs and a pretty good elementary school. An fancy Chinese restaurant and Omelette/Dining house is in a walking distance. Massage and spa near. But most of your entertainment needs will be downtown or on the east side of town which is still only a 10 min drive away or 15-20 biking (such as movie theaters). Not many college students live around here and the ones that do are pretty peaceful. The train is nearby but it is never bothersome and esplanade street can get crowded during 8am (work and highschool/univesity) and off hours 5pm. However, Chico "traffic" means it takes you 15 minutes instead of 10 mins to get across town. Which is honestly still pretty good compared to other cities."
    0
    Flag

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
703 W 2nd Ave, Chico, CA 95926 is a 16 bedroom, 8 bathroom, 4,800 sqft multi-family built in 1983. 703 W 2nd Ave is located in The Avenues, Chico. This property is not currently available for sale. 703 W 2nd Ave was last sold on Apr 2, 2026 for $975,000 (7% lower than the asking price of $1,050,000). The current Trulia Estimate for 703 W 2nd Ave is $968,500.