Description

Great opportunity for an investor or owner-occupier: two well-maintained buildings on nearly half an acre, including a 1,344 SQ FT 2 bed, 2 bath home and a 3,923 SQ FT shop with a finished office, built in 1999. Priced competitively at $119/SQ FT, this property offers strong value for the combined square footage and income potential. Both buildings have a history of long-term tenancy and will be delivered vacant at close. The shop carries grandfathered commercial use rights under the current R2 (medium density residential) zoning, providing future development potential. Each unit is separately metered, both roofs were replaced in 2013, HVAC systems were replaced in 2023, and the property is served by both city sewer and CalWater.

Property details

Year built

1978

Property type

Residential Income

Lot size

20,473 sqft

Location

195 E Shasta • Chico, CA 95973

More homes for sale and rent in Chico, CA →

Listed by

Calen Chapman · Harris Commercial Real Estate

Similar Listings

Recent sales near 195 E Shasta

159 Mandalay Court: Sold $479,000 · 3 bd · 2 ba · 1,697 sqft · Sep 2026 · 0.2 mi
Century 21 Select Real Estate, Inc. | DRE #01402010
Buyer's agent: Lacey Nichols, Century 21 Select Real Estate Inc | DRE #02248122
213 Denali Drive: Sold $653,000 · 4 bd · 3 ba · 2,440 sqft · Sep 2026 · 0.3 mi
Parkway Real Estate Co. | DRE #01920768
Buyer's agent: Allison Breeding, Century 21 Select Real Estate, Inc. | DRE #02061228
567 E Lassen 610: Sold $54,950 · 2 bd · 2 ba · 1,375 sqft · Sep 2026 · 0.4 mi
Century 21 Select Real Estate, Inc. | DRE #01989305
Buyer's agent: Sierra Haskins, LPT Realty | DRE #02146483
39 Franciscan: Sold $335,000 · 3 bd · 2 ba · 1,092 sqft · Sep 2026 · 0.5 mi
Century 21 Select Paradise | DRE #01178298
Buyer's agent: Scharlie Ruffino, Parkway Real Estate Co. | DRE #02244921
3249 Calistoga Drive: Sold $545,000 · 3 bd · 2 ba · 1,774 sqft · Sep 2026 · 0.6 mi
Keller Williams Realty Chico Area | DRE #01764899
Buyer's agent: Paul Champlin, Century 21 Select Real Estate, Inc. | DRE #01436522
32 Northwood Commons Place: Sold $329,500 · 2 bd · 2 ba · 1,776 sqft · Aug 2026 · 0.7 mi
Coldwell Banker Select Real Estate | DRE #00596793
Buyer's agent: Tamara Lambert, Thrive Real Estate Company | DRE #01728469
701 E Lassen 38: Sold $32,000 · 2 bd · 2 ba · 1,440 sqft · Sep 2026 · 0.8 mi
eXp Realty of California, Inc. | DRE #01733675
Buyer's agent: General NONMEMBER, NONMEMBER MRML | DRE #01226777
701 E Lassen Avenue 294: Sold $34,000 · 2 bd · 2 ba · 1,440 sqft · Sep 2026 · 0.8 mi
Coldwell Banker Select Real Estate | DRE #00596793
Buyer's agent: Steffan Blaser, Century 21 Select Real Estate Inc | DRE #01183422

Closed sales reported in 95973, nearest first, last 12 months. All recent sales in Chico →

Residential Income - 195 E Shasta, Chico, CA