Bring your vision and toolbelt to this 1,180 sq. ft. bungalow, perfectly positioned on a generous .39-acre lot in one of Red Bluff's well established neighborhoods. Built in 1940, this 2-bedroom, 1-bath home is has vintage character and sweat equity potential for the right buyer or investor. The heart of the home features a cozy living room anchored by a classic fireplace with a woodstove insert, perfect for Northern California winters. While the property currently shows deferred maintenance, the solid bones and layout provide a fantastic canvas for a modern restoration. Property includes a former guest house (currently gutted) with an attached storage room, which may be a possible future rental unit, home office, or studio. Lot has room for a garden, dedicated RV parking, and also has a detached single-car garage. The property operates on a private well and septic system, offering independence from city utility rates. The location puts you minutes away from the best recreation Tehama County has to offer, from Sacramento River access to local parks and the World Class Red Bluff Round-Up. Whether you're looking to flip, rent, or create a custom primary residence, this property offers the rare combination of a large footprint and a prime location.