$389,000

1502 Pomona Ave Oroville, CA 95965

Estimated payment $2,537/month

Total Views 9,541
6 Beds
3 Baths
2,308 Sq Ft
$169 Price per Sq Ft

Highlights

  • Fishing
  • No HOA
  • Hiking Trails
  • Community Lake
  • Neighborhood Views
  • 5-minute walk to Centennial Park

About This Home

GREAT INVESTMENT OPPORTUNITY! This well maintained 3-unit rental income property has one - 3 bedroom/1 bath, a 2 bedroom/1 bath (with bonus room) and a 1 bedroom/1bath unit. There is an onsite coin-op laundry room for added income and the property has plenty of parking. Each unit also has its own fenced yard. Fully rented, with excellent rental history and income with long-term tenants. Current rents are below market value. This is a perfect opportunity for your first investment property or to help grow an already established rental income portfolio. Oroville is a growing community and the property is centrally located near transportation, medical facilities and shopping. Close to town as well as Lake Oroville for recreational opportunities. Don't miss out on this great 3-unit rental income property.

Listing Agent

Karen Martin

Karen Whitlow Martin Real Estate Brokerage Phone: 530-228-5553 License #01387933 Listed on: 03/13/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Level Lot

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,308 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway Level

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 012144009000
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • Community Lake
  • Foothills

Recreation

  • Fishing
  • Park
  • Water Sports
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $144
  • Insurance Expense $1,944
  • Trash Expense $1,080
  • Water Sewer Expense $420
  • Operating Expense $3,588
  • Gross Income $31,265
  • Net Operating Income $27,677

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 129667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 420.00
  • Zoning: R3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 012144009000
  • Year Built: 1925
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 168.54

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway Level

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1080.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Foothills, Hiking, Lake, Horse Trails, Park, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 144.00
  • Gross Income: 31265.00
  • Gross Scheduled Income: 31265.00
  • Insurance Expense: 1944.00
  • Laundry Income: 725.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 27677.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 3588.00
  • Rent Control: Yes
  • Total Expenses: 3588.00

Tax Info

  • Tax Census Tract: 28.00
  • Tax Lot: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2025 03/13/25 For Sale $389,000 -- $169 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR25054321

California Regional Multiple Listing Service (CRMLS)

California Butte County Oroville 95965

1502 Pomona Ave, Oroville, CA

This home is located at 1502 Pomona Ave, Oroville, CA 95965 and is currently priced at $389,000, approximately $168 per square foot. This property was built in 1925. 1502 Pomona Ave is a home located in Butte County with nearby schools including Sierra Avenue Elementary School, Nelson Avenue Middle School, and Oroville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Karen Martin
Listing Agent
Karen Martin
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Karen Whitlow Martin Real Estate
(530) 683-3552