This property boasts TWO beautiful homes on one lot (5772 & 5776 Black Olive) — perfect for anyone looking to live in one and rent the other or generate steady rental income from both. Rental demand is high in Paradise, and this property helps meet that need with its ideal setup. Each home offers 1275 square feet of open-concept living, complete with 2 spacious bedrooms and 2 bathrooms. These homes are built with functionality and style in mind, featuring high-efficiency ductless mini-split systems, stamped concrete driveways and walkways, and a fully landscaped yard for easy outdoor enjoyment. Both homes also come with a private 2-car garage and laundry hookups for added convenience. Located just moments from Paradise's charming downtown, residents have quick access to local favorites like the Paradise Memorial Trailway—a beautiful 5.2-mile path through town perfect for walking or biking. Nearby, you’ll find Paradise Community Park, which hosts popular community events throughout the year, and Joy Lyn’s Candy Shop for those with a sweet tooth! Plus, the central location makes commuting to Chico or navigating Paradise a breeze. Each home has its own electric meter for separate billing, and the property shares a single water meter. Thoughtfully designed for timeless appeal and functional for today’s needs, don’t miss this opportunity to own an income-producing property in a fantastic community location.
TWO HOMES ON ONE PARCEL! Each home is an individual structure with no shared walls both measuring at 1,253 sqft. Both homes feature 3 bedrooms, 2 bathrooms, granite countertops in the kitchen and bathrooms, custom cabinetry throughout, ceiling fans, and ductless mini splits. With longevity in mind, the homes feature durable stamped concrete floors and upgraded metal roofs. Each home has all appliances included as well as laundry in each of the attached garages. Each home has its own septic systems and electric meter. This property is located close to downtown Paradise and along the Town's walking path. This is the perfect set up for multiple generations to live on one property or to get a kickstart on an income property portfolio.
Discover an exceptional investment opportunity with this well-established RV park, boasting a robust history of consistent income. Catering to a long-term, diverse tenant base, the park offers a relaxed shady campground setting. Currently, there are 21 permitted spaces, plus a versatile bonus space #0, totaling 22 spaces. Five of these spaces feature breathtaking lake views, enhancing their appeal and rental value. Currently, all tenants are long- term. Vacancies fill up quickly with little need to advertise. Each space is equipped with all-new submetered electricity pedestals and two hose bibs. There park has conventional septic and there are mobile pump-out services available. The park amenities include well-maintained male and female restrooms with showers, a new 100-gallon water heater, and a coin-operated laundry facility. Upgrades include all-new underground water & electricity infrastructure including new 50, 30, 20 amp pedestals. Two new recently installed 400 amp main panels ensure reliable service to all tenants and enough power for expansion. A key feature of this property is the undeveloped acreage. The seller has secured a current permit from the California Department of Housing and Community Development authorizing the addition of 15 new spaces. This permit is transferable to the buyer, presenting a unique opportunity for expansion. The sale includes comprehensive engineered plans, a significant investment exceeding $100,000. Additionally, the permit and plans cover the installation of septic systems for four existing spaces enhancing the property's infrastructure. A copy of the permit is available upon request. This presents a lucrative opportunity for expansion, whether as long-term rentals, or short-term rentals with potential rates starting at $50 per night. The location is prime, just 2 miles from Lime Saddle boat marina, 20 miles from Chico, and 10 minutes from Butte College, making it ideal for both tourists and residents. The undeveloped acreage could also be used for boat storage or tent camping. Situated just south of the city limits of the town of Paradise, this property enjoys a mild climate with little chance of winter snow. No apparent adverse easements, encroachments, or other conditions impact the property. This is a rare chance to acquire a high-performing asset with significant growth potential. Take advantage of this remarkable opportunity to maximize your investment portfolio.
Cute & tidy 4-unit property with a mixture of 1 bedroom and studios ready to be rented. This property is located in downtown Paradise close to Skyway and in the revitalization area. There is laundry hookups in unit #1, new paint and flooring throughout each unit. Currently the property is vacant, owner approximates rents should fetch $800/unit.
Courtesy: NextHome North Valley Realty
2024 Built Duplex located at the end of a cul-de-sac and resting on a spacious .50 acre lot. The duplex features 2-bedroom, 2 bathrooms units with an oversized 351 square foot 1 car garage. Each unit rents for 1,600 per month. 38,400 gross income a year. Shaker white cabinets with soft close doors and drawers. Granite countertops and undermount sinks in the kitchen and bathroom. Stainless steel appliances including a refrigerator, microwave hood, range, and a dishwasher. Washing machine and dryer are also included. The units have luxury vinyl plank flooring throughout the entire unit. Each unit has a covered front porch with a private 324 sq. ft. covered back patio. High efficiency mini split heating and air system with separate thermostats for the living room and both bedrooms. The oversized single car garage comes with a remote opener for easy access and own laundry area. The garage separates the units so there are no shared walls with your neighbor.
This is a great opportunity to invest in Paradise with this Triplex that consists of 3 Separate Units that EACH consist of one bedroom and one bathroom , along with a full kitchen ,dining area ,living room and a indoor laundry area washer/dryer off the kitchen. All 3 units were completely updated after the Campfire due to smoke damage . Each unit has it's own washer/dryer ,refrigerator, microwave and gas stove. This Triplex also features a newer septic system as well as a certified/approved water filtration system. Previous owner added three separate large storage units that in the future could be included in the rental price or charged a additional fee. That is a option for the new owner .
Paradise is located in California. Paradise, California has a population of 27,919. Paradise is less family-centric than the surrounding county with 17.16% of the households containing married families with children. The county average for households married with children is 26.57%.
The median household income in Paradise, California is $53,310. The median household income for the surrounding county is $59,863 compared to the national median of $69,021. The median age of people living in Paradise is 56.5 years.
The average high temperature in July is 91.5 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 64 inches per year, with 1.7 inches of snow per year.
