2301 Chico Ct — Market Intelligence Brief

Property Snapshot

        List Price
        $1.399M
        Active 6/15/2026 · MLS V1-36805
      

RPR RVM $1.261M Listed 11% above RVM ⚠️

Price / SqFt $884 1,583 sqft living

Bed / Bath 2 / 3 3 stories · Built 1987

Lot Size 1,286 sqft · Corner lot · No HOA

RVM Trend −10.6% Year over year · ↓$10,280/mo

RVM Confidence ★★★★★ 5-Star

RVM Range $1.14M – $1.39M

Price to Est. Value 111%

Previously Sold $828,000 · May 2006

Seller Concessions Yes — Consider

STR Revenue Estimates

Source	Annual Revenue	ADR	Occupancy	Gross Yield	Comp Strength
AirDNA	$70,400	$299	64%	5.0%	Medium · 15 comps
Rabbu	$71,055	$444	—	5.1%	Medium · 75th pct
Blended Est.	~$70,700	~$370	64%	~5.1%	—

AirDNA and Rabbu revenue are tightly aligned at ~$70–71K — a good sign for reliability. ADR spread reflects different comp sets; AirDNA's 64% occupancy is the stronger signal for annual planning.

Rabbu Seasonality · Ventura County

Peak (Summer) $8,700/mo

Average $5,800/mo

Low Season $4,008/mo

Estimated Carry · DealCheck · 20% Down / 6% / 30yr

Purchase & Financing

Down Payment (20%) $279,800

Purchase Costs $41,970

Total Cash Needed $321,770

Loan Amount $1,119,200

Monthly Cash Flow (DealCheck) –$5,599/mo

Cap Rate · COC Return 1% · –20.9%

Scenario	STR Revenue	Monthly Cash Flow	Annual Net Position
AirDNA	$70,400/yr	–$5,599/mo	–$67,188/yr
Rabbu 75th pct	$71,055/yr	–$5,544/mo	–$66,528/yr
Breakeven Price	~$1.2M–$1.25M — where yield crosses 6% and carry gap closes

Chico Ct Street Comps

2317 Chico Ct

3 bed / 1 bath · 1,094 sqft · Sold Mar 2024

$925,000

$846/sqft

2316 Chico Ct

3 bed / 2 bath · 1,492 sqft · Sold Mar 2019

$780,000

$523/sqft · Redfin est. now $1.25M

Chico Ct is a low-turnover street — only one MLS sale in the last 24 months. Low turnover here isn't a red flag — it's a signal. People don't leave.

Local Intelligence · The Noelle Hood Report

What the data doesn't tell you

Ground-level context from someone who actually lives here

The Street

Chico Court is one of Silver Strand's most unique addresses — a rare street running parallel to the beach rather than perpendicular, tucked into its own quiet nook between the water and the harbor. The lot configuration at 2301 is distinctly triangular, a corner position that gives it a footprint unlike anything else on the street. Low turnover here isn't a red flag — it's a signal. People don't leave Chico Ct.

The Vibe

Silver Strand is a neighborhood you have to know to know. No drive-through traffic, no tourist strip — just coastal residents, beach bikes, and the kind of quiet that makes people stay for decades. Chico Ct sits in the heart of that. The 3-story layout means views compound with each floor — something that doesn't show up in the sqft number.

📋 Walkthrough Intel Pending

Interior condition · actual view lines by floor · parking situation · garage depth · neighbor proximity feel · STR setup potential · seller motivation intel. Property is tenant-occupied — showing by appointment only, 24-hour notice preferred.

The Read

Priced 11% above a declining RVM in a market trending down 10.6% year over year — that's the headline. STR yield comes in at ~5.0–5.1% across AirDNA and Rabbu, below the coastal investor target of 6–8%. DealCheck puts monthly cash flow at –$5,599/mo at ask with 6% conventional financing.

This one pencils better at $1.2M–$1.25M. At that price point gross yield crosses 6% and the carry gap closes to near breakeven. The corner lot, 3-story layout, parallel-to-beach positioning, and no-HOA Silver Strand address give it real lifestyle appeal — and the seller is offering concessions. This is a patient buyer or motivated seller story, not a slam-dunk at list.

Sources: RPR · AirDNA · Rabbu · DealCheck · CRMLS/Flexmls · Public Records. STR revenue figures are estimates based on comparable properties and market conditions — not guaranteed income. Carry analysis per DealCheck: 20% down, 6% interest rate, 30-year amortizing loan. All data deemed reliable but not guaranteed. Not financial advice. Data updated 6/16/2026. Noelle Harrelson, REALTOR® | DRE #02239099 | NextHome Preferred Properties | Each office is independently owned and operated.