1200 Ivy Street
About This Property
The home features a comfortable layout with spacious living areas, original hardwood floors, and abundant natural light. A functional kitchen, cozy bedrooms, and two bathrooms make it well-suited for both owner-occupants and long-term renters. The fenced yard and detached storage shed add extra convenience and outdoor potential.
Currently tenant-occupied with a lease in place through June 30, 2026, this property offers immediate rental income for investors, or a great opportunity for a future homeowner looking to secure a home now and move in later. Located in the heart of the Barber District, you'll enjoy a charming neighborhood setting close to downtown Chico, shopping, and local dining.
Whether you're looking to expand your investment portfolio or lock in a classic Chico home, this one offers versatility, character, and long-term value.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 23, 2026 | Sold | ||
| Sold | |||
| Feb 2, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Listed by eXp Realty of California Inc | $315,000 | |
| Listed by eXp Realty of California Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017