Step into this charming 1940s home, set on nearly an acre with endless possibilities—just moments from CSU Chico. This 3-bedroom, 2-bath gem exudes original character, creating a nostalgic feel throughout. Inside, the welcoming family room features a lovely wood ceiling and a cozy wood-burning stove, perfect for cooler evenings. The spacious kitchen invites culinary creativity, while two comfortable bedrooms downstairs offer easy living. The large front room, reimagined for its rental years, now provides additional space with two extra rooms. Venture upstairs to discover a clever attic conversion, adding a unique third bedroom. Stay comfortable year-round with central heat and air, ceiling fans, and a whole house fan to keep things cool. The indoor laundry/mud room offers convenience, with direct access to the second full bathroom near the carport entrance. The fenced backyard features concrete patios, a shade structure, garden space, and access to the single-car detached garage. This home previously rented for $2,500 per month, highlighting its excellent value and potential. The gated and graveled parking area presents excellent development opportunities, with city-approved plans for 16 two-bedroom units already in place. All entitlements have been secured, making it ready to go for immediate development. Whether you’re looking to expand, build, or simply enjoy the space, this property offers a rare opportunity to create your vision!