Seller's Agent in 2020
Mario Gattavara
Coldwell Banker Lifestyle Properties
(270) 598-1648
5 in this area
88 Total Sales
1983 10th St Oroville, CA 95965
Thermalito Neighborhood
7
Beds
4
Baths
2,820
Sq Ft
0.49
Acres
About This Home
As of November 2020Unique rare 4 unit income property "OWNER FINANCE" ownership opportunity! If you are an investor or someone looking to do some residential income property investing but do not want to deal with a bank, this could be the place to consider. Lets face it... this property is not an immaculate beauty, but the potential is here. Tenants could use a good reprimanding to clean up debris and junk scattered around on property. A new owner could be just what this property needs to clean this place up. Tenants range from three at over 10+ years occupancy terms and 1 at around 5+ year occupancy term according to owner. Rents have remained the same for a long time & are obviously way under market for the area. Seller never raised the rents to appeal to tenants. Upside income potential for future increases as allowed by law. Units consist of a 1/1 home renting at $550 per month. A 2/1 manufactured home at $575 per month. A 2/1 manufactured home at $550 per month. As well as a 2/1 home renting at $600 per month. Separate PGE meters. Seller pays water/trash. Units appear to have fenced off yard areas. Seller prefers & would like to carry a first note with reasonable down payment on easy terms. Ask your realtor for specifics located under agent remarks in Multiple Listing. Units will not be shown unless buyer submits an offer with proof of qualifications, verification of decent credit with offer subject to interior inspections. Income/Expense details are rough estimates only.
Last Agent to Sell the Property
Coldwell Banker Lifestyle Properties License #01368823 Listed on: 08/25/2020
Last Buyer's Agent
Coldwell Banker Lifestyle Properties License #01368823 Listed on: 08/25/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 0.49 Acre Lot
- No Common Walls
- Corner Lot
- Level Lot
Home Design
- 2,820 Sq Ft Home
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Driveway
- On-Street Parking
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 031201054000
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,200
- Trash Expense $1,080
- Water Sewer Expense $1,700
- New Taxes Expense $1,908
- Operating Expense $5,888
- Gross Income $27,300
- Net Operating Income $21,412
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2020 11/04/20 | Sold | $275,000 | -16.4% | $98 / Sq Ft |
| 10/09/2020 10/09/20 | Pending | -- | -- | -- |
| 09/29/2020 09/29/20 | For Sale | $329,000 | 0.0% | $117 / Sq Ft |
| 09/01/2020 09/01/20 | Pending | -- | -- | -- |
| 08/25/2020 08/25/20 | For Sale | $329,000 | -- | $117 / 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 | $2,483 | $221,896 | $102,830 | $119,066 |
| 2024 | $2,483 | $217,546 | $100,814 | $116,732 |
| 2023 | $2,449 | $213,282 | $98,838 | $114,444 |
| 2022 | $2,368 | $209,100 | $96,900 | $112,200 |
| 2021 | $2,334 | $205,000 | $95,000 | $110,000 |
| 2020 | $909 | $77,191 | $25,727 | $51,464 |
| 2019 | $897 | $75,678 | $25,223 | $50,455 |
| 2018 | $864 | $74,195 | $24,729 | $49,466 |
| 2017 | $834 | $72,742 | $24,245 | $48,497 |
| 2016 | $825 | $71,317 | $23,770 | $47,547 |
| 2015 | $781 | $70,246 | $23,413 | $46,833 |
| 2014 | $788 | $68,871 | $22,955 | $45,916 |
Source: Public Records
Agents Affiliated with this Home
-
Mario Gattavara
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OR20175064
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.
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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