NOT LISTED FOR SALE

1120 2nd Ave Oroville, CA 95965

12 Beds
6 Baths
4,032 Sq Ft
0.69 Acres

Last Sold July 31, 2020

Last sale price $587,500 $146 Per Sq Ft

120 Days on Market

Highlights

  • Fishing
  • No HOA
  • Neighborhood Views
  • 0.69 Acre Lot
  • Corian Countertops
  • 2-minute walk to Rotary Park

About This Home

As of July 2020

6 Turn-key units on a cul-de-sac in good location. New Comp roof added Summer 2019 with many other upgrades! Each 2-bedroom unit come with their own locking storage unit. 4 of 6 Units upgraded Summer of 2019 with corian countertops, nice cabinetry, lighting, ceiling fans, dishwashers and cooling units. 2 units had good long term tenants. Seller upgraded 4 units thus finding better tenants. Community Laundry room with leased washer & dryer service who maintains these appliances. Has sufficient parking for all 6 units. Beautifully landscaped grounds being added to this cul-de-sac lot (.69 acre). Close to schools, Oroville hospital. All units have refrigerators, gas ranges & garbage disposals. Updated unit bathrooms have newer vanity's & added new mirrors. Existing shower tub enclosure in good condition. All units have tile flooring other than carpeted bedrooms. Two units have title updated. Newer 2 inch blinds added to 4 units. Seller recently added in-ground sprinklers and is in the process of adding ground cover to front and back. Kleins Cabinets added the European style doors with soft close. Newer electric outlets and all the lighting is LED. Seller pays the water & garbage however, tenants pay their own gas & electric. 13 parking spaces. This seller also has an 8 unit apartment for sale MLS # SN20048619 $875,000 as well as a single family house rental MLS # SN20048264 $164,000

Last Agent to Sell the Property

Robin Fox

eXp Realty of California, Inc. License #00961495 Listed on: 03/04/2020

eXp Realty of California, Inc.

Last Buyer's Agent

Tierra Hodge

eXp Realty of California, Inc. License #02029984

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.69 Acre Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Level Lot
  • Sprinklers on Timer
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,032 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Neighborhood Views

Kitchen

  • Gas Range
  • Corian Countertops

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Outdoor Storage
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 012010027000
  • Tax Block 33

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Electric Expense $147
  • Gardener Expense $2,690
  • Insurance Expense $1,649
  • Maintenance Expense $1,200
  • Pest Control $43
  • Professional Management Expense $3,553
  • Trash Expense $2,228
  • Water Sewer Expense $2,753
  • New Taxes Expense $7,344
  • Operating Expense $8,534
  • Gross Income $59,220
  • Net Operating Income $50,686

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 8.60
  • Professional Management Expense: 3553.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2753.00
  • Zoning: R2M
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2690.00
  • Parcel Number: 012010027000
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Interior Amenities: Corian Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 145.71
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 13.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 43.00
  • Sewer: Public Sewer
  • Trash Expense: 2228.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Fishing, Hiking, Gutters, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Cul-De-Sac, Level with Street, Lot 20000-39999 Sqft, Level, Sprinklers Timer
  • Lot Size Sq Ft: 30056.00
  • Lot Size Acres: 0.6900

Multi Family

  • Average2 Bed Area: 672 Square Feet
  • Electric Expense: 147.00
  • Gross Income: 59220.00
  • Gross Multiplier: 9.92
  • Gross Operating Income: 59220.00
  • Gross Scheduled Income: 59220.00
  • Insurance Expense: 1649.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 720.00
  • Lot Size Area: 30056.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 50686.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 8534.00
  • Rent Control: Yes
  • Total Actual Rent: 4900.00
  • Total Expenses: 8534.00

Tax Info

  • New Taxes Expense: 7344.00
  • Tax Block: 33
  • Tax Census Tract: 28.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2020 07/31/20 Sold $587,500 0.0% $146 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $587,500 +46.9% $146 / Sq Ft
03/31/2017 03/31/17 Sold $400,000 -2.4% $99 / Sq Ft View Prior Sale
03/01/2017 03/01/17 Pending -- -- --
02/23/2017 02/23/17 For Sale $410,000 -- $102 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,047 $635,679 $189,425 $446,254
2024 $12,047 $623,274 $185,711 $437,563
2023 $10,180 $611,113 $182,070 $429,043
2022 $9,671 $599,190 $178,500 $420,690
2021 $10,682 $587,500 $175,000 $412,500
2020 $7,424 $424,297 $106,120 $318,177
2019 $7,351 $416,038 $104,040 $311,998
2018 $7,151 $407,940 $102,000 $305,940
2017 $5,033 $219,807 $32,449 $187,358
2016 $4,963 $215,557 $31,813 $183,744
2015 $4,762 $212,366 $31,336 $181,030
2014 $4,475 $208,266 $30,723 $177,543
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20048709

California Regional Multiple Listing Service (CRMLS)