




1914 Oleander, Chico, CA 95926
Exceptional opportunity to live in one of the three units and rent out the others. With community commercial zoning (CC) these three distinct units offer 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.
Bedrooms
1
Bathrooms
3
Square Feet
4,007
Lot Size
17,860 sqft
Year Built
1942
Property Type
Triplex
Days on Market
1
HOA Fee
N/A
Garage Total
0
MLS #
SN26095176
Interior Features
Built In Features, Cathedral Ceilings, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
Flooring
Carpet, Concrete
Fireplace
Living Room
Accessibility
Safe Emergency Egress From Home
Appliances
Dishwasher, Water Heater
Laundry
Inside
Main Level Bathrooms
3
Cooling
Central Air
Heating
Central
Parking Features
Off Street, Oversized, Paved, Rv Access Parking
Fencing
Wood
Security
Carbon Monoxide Detectors, Smoke Detectors
Construction
Drywall, Stucco
Foundation
Slab
Roof
Composition
Lot Features
Rectangular Lot
Sewer
Public Sewer
Water Source
Public
Biking, Street Lights
$0
| Rating | School Name | ||
|---|---|---|---|
| No school data available for this area. | |||
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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