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Why settle for one income-producing property when you can have two? Rarely does an opportunity like this come along in Chico! Situated on a desirable corner lot, this unique property features two separate homes, both currently operating as successful Airbnb rentals, offering an incredible opportunity for investors, owner-occupants, or those seeking a versatile multi-generational property. The main home, built in the 1920s, is rich with timeless character, featuring soaring ceilings, beautiful original hardwood floors, and a bright sunroom overlooking the pool with all-new windows. The spacious floor plan includes three bathrooms, one of which has been fully remodeled with handicap-accessible features, including railings and a ramp. Recent improvements add even more value, including brand-new exterior paint, a Trex front porch, and a new $15,000 sewer line. Outside, enjoy an abundance of established fruit trees, including peach, cherry, and fig. The sparkling pool was resurfaced just last year and features a brand-new pool sweep, making it an inviting retreat for guests and residents alike. Previously configured as an eight-bedroom property, the main home also offers the potential to convert back for additional sleeping accommodations and increased rental opportunities. The permitted cottage, converted from a former garage, has its own address and has become an Airbnb favorite. Offering private laundry and flexible living space, this separate residence provides additional income potential and privacy. A pool house adds even more functionality, complete with an on-demand water heater and a newer split HVAC system for year-round comfort. With commercial zoning, the possibilities extend well beyond traditional residential use. Continue operating both homes as successful vacation rentals, live in one while generating income from the other, explore a live/work arrangement, or create a multi-generational living setup. Both residences offer their own private living spaces and flexible use options, while ample parking and handicap-friendly improvements add to the property's appeal. Conveniently located near Downtown Chico, Bidwell Park, schools, restaurants, and shopping, this is a rare chance to own a distinctive two-residence property with established rental appeal, significant character, and a variety of future possibilities.

Highlights

  • Residential
  • Mixed Use
  • Built in 1920
  • 0.23 Acre Lot
  • $0/ HOA
  • 0 Car Garage
  • 6 days on Market

  • Bedrooms
    4
  • Bathrooms
    3 full · 1 half
  • Year Built
    1920
  • Stories
    1.0
  • Architectural Style
    Bungalow, Craftsman
  • Garage Spaces
    0.0
  • Parking Features
    Driveway, Paved, Driveway Level
  • Living Area
    2755.0
  • Interior Features
    High Ceilings, Open Floorplan, Built In Features, Separate Formal Dining Room, Bedroom On Main Level, Main Level Primary, Cathedral Ceilings
  • Flooring
    Laminate, Wood
  • Pool Features
    In Ground, Private, See Remarks
  • Cooling
    Central Air
  • Heating
    Central

  • Acres
    0.23
  • Lot Features
    Corner Lot, Front Yard
  • View
    Neighborhood
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 1050 Esplanade?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1050 Esplanade.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1050 Esplanade?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $699,999. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Chico, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1050 Esplanade?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 1050 Esplanade at around $3,795. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1050 Esplanade?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Butte County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1050 Esplanade?

In most cases, yes. Whether 1050 Esplanade is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Chico's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1050 Esplanade?

We can handle that for you. Our preferred local agent specializes in residentials in Chico and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $699,999 with 2,755 sqft of space—that comes out to approximately $254 per square foot.

How long has this property been on the market?

1050 Esplanade was listed on October 31, 2026, which means it's been on the market for 6 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1920, making it approximately 106 years old.

What is the lot size of this property?

1050 Esplanade sits on a 0.23-acre lot, which is 10,019 square feet.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $0.

Is 1050 Esplanade still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 06, 2026 at 05:37AM 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. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: November 06, 2026 at 05:37AM | Source: California Regional Multiple Listing Service | MLS#: SN26234431