1914 Oleander, Chico, California 95926

$595,000

Bedrooms

0

Bathrooms

0

Square Feet

0 sqft

City

Chico

Status

Active

Exceptional opportunity with community commercial zoning (CC) and three distinct units offering incredible flexibility and income potential. This versatile mixed-use property combines both residential and commercial components, an increasingly sought-after asset class known for diversified use and strong investment upside. The front unit, prominently facing Oleander Ave, features a commercial studio space with vaulted wood ceilings, abundant natural light, and an open layout, ideal for a retail storefront, office, fitness studio, or creative workspace. Complete with its own updated bathroom and dedicated HVAC system, this space is ready for immediate use. The middle unit is a fully renovated residential studio showcasing an upgraded kitchen with granite countertops, tile flooring, pantry, and in-unit laundry area. The bathroom has been tastefully updated, and the spacious studio layout is enhanced by tall ceilings, has central heating & air, and direct access to a private outdoor living area. The back unit has been extensively improved and offers a unique two-story layout with stamped concrete floors, updated kitchen, built-in cabinetry, and a striking fireplace feature wall and central heating & air. Soaring ceilings and natural light create an inviting living space, while upstairs you’ll find a large primary suite with a full bathroom, walk-in closet, and an additional flex space perfect for a home office, work out area, or art studio. Adding to the value, the rear portion of the property, accessible via city alley, includes a separate structure that has been taken down to the studs, offering a prime opportunity for future development or additional unit expansion. Whether you’re an investor, business owner, or looking for a live/work setup, this property delivers multiple income streams, flexible use options, and significant upside potential.