NOT LISTED FOR SALE

1872 5th Ave Oroville, CA 95965

7 Beds
4 Baths
11,200 Sq Ft
20,909 Sq Ft Lot

Last Sold August 04, 2014

Last sale price $710,000 $63 Per Sq Ft

420 Days on Market

Highlights

  • Fishing
  • No HOA
  • Foothills
  • 0.48 Acre Lot
  • Laundry Room
  • Carpet

About This Home

As of August 2014

Great opportunity for your investors. 18 Unit apartment complex.. Clean and well maintained shows very well. Located close to a park, river and shopping. The complex at the time of listing has only to vacancies. There is a resident manager on site plus a laundry room. The complex has three separate buildings. Plenty of parking and a grass area for kids to play. All income and expenses are estimates. They can vary with vacancies. Units have wall heater and a separate wall A/C. Currently is being managed by Peebles Property Management. Rent income shown is for 15 of the units rented. 1 of the apartments has the resident manager her rent is waived for her managing the apartments. There is a parking lot plus off street parking. There apre two parcels address 1877 6th Ave ap # 012-184-006 is also included. Apartments recently appraised for $775,000.

Last Agent to Sell the Property

Cindy Peebles

eXp Realty of California Inc License #01178181 Listed on: 04/17/2013

eXp Realty of California Inc

Co-Listed By

Trisha Atehortua

eXp Realty of California Inc License #01894015

Last Buyer's Agent

Tara Anderson

Ballou Company License #01860993

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 11,200 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 18 Parking Spaces
  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 012184007000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 18 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Fishing

Building Details

  • 16 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $420
  • Gardener Expense $1,920
  • Insurance Expense $2,650
  • Maintenance Expense $3,000
  • Pest Control $1,080
  • Professional Management Expense $7,400
  • Trash Expense $4,128
  • Water Sewer Expense $3,372
  • New Taxes Expense $13,957
  • Gross Income $9,330
  • Net Operating Income $5,517

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.48 Acres

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 7400.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 3372.00
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 012184007000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 63.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1080.00
  • Trash Expense: 4128.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Sewer, Trash
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Lot Size Sq Ft: 20909.00
  • Lot Size Acres: 0.4800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 9330.00
  • Gross Scheduled Income: 9330.00
  • Insurance Expense: 2650.00
  • Lot Size Area: 20909.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 5517.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 16
  • Number Of Units Total: 18
  • Number With Range: 18
  • Operating Expense: 3813.00
  • Rent Control: No
  • Total Actual Rent: 9330.00
  • Vacancy Allowance Rate: 9.00
  • Waterfront Features: Fishing in Community

Tax Info

  • New Taxes Expense: 13957.00
  • Tax Year: 2011
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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 List to Sale Price per Sq Ft
08/04/2014 08/04/14 Sold $710,000 -10.7% $63 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
04/17/2013 04/17/13 For Sale $795,000 -- $71 / 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 $16,802 $755,544 $60,089 $695,455
2024 $16,802 $732,887 $58,911 $673,976
2023 $17,255 $726,517 $57,756 $668,761
2022 $16,217 $712,429 $56,624 $655,805
2021 $15,748 $698,617 $55,514 $643,103
2020 $14,983 $691,536 $54,945 $636,591
2019 $14,863 $678,134 $53,868 $624,266
2018 $14,386 $664,995 $52,812 $612,183
2017 $14,143 $652,114 $51,777 $600,337
2016 $13,945 $639,485 $50,762 $588,723
2015 $13,371 $630,000 $50,000 $580,000
2014 $12,991 $652,392 $66,137 $586,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR13069148

California Regional Multiple Listing Service (CRMLS)
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