$3,995,000
PENDING $255K PRICE DROP

2255 Bird St Oroville, CA 95965

Estimated payment $25,341/month

Total Views 3,847
1 Bed
1 Bath
11,315 Sq Ft
$353 Price per Sq Ft

About This Home

Riverside Villas is an attractive 61- unit apartment / SRO community is located in the heart of Oroville, California. The 1958 built property has seen a tremendous amount capital improvements and overall renovations in 2024, distinguishing itself from the bulk of the rental market and providing residents a unique and flexible form of living. The Riverside Villas features a mix of (29) single-room units which are suitable for short-term living and located throughout the second floor of the complex, (29) studio units, (2) larger studio suites, and (1) manager's suite. In addition to renovating units upon resident turnover, other improvements include paint throughout, a freshly paved parking lot, newly constructed dog park, and a picnic area for residents to enjoy, This property is well located just minutes off HWY-99 and half-way between Yuba City and Chico, two markets which have seen large population growth in the last 5 years.

Listing Agent

David DeLoney

Marcus & Millichap Real Estate License #02045150 Listed on: 02/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,324

Year Built

  • Built in 1958

Lot Details

  • 1.44 Acre Lot

Home Design

  • Raised Foundation
  • Stucco

Interior Spaces

  • 11,315 Sq Ft Home
  • 2-Story Property

Parking

  • 61 Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 012-100-034

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 61 Units

Building Details

  • 20 Leased Units
  • 41 Vacant Units
  • 20 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,324

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1958
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Varies by Unit
  • Price Per Square Foot: 353.07
  • Square Footage: 11315.00

Exterior Features

  • Construction Materials: Block, Stucco, Wood
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 3995000.00
  • Lot Features: Sidewalk
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 61.00

Utilities

  • Security: Varies By Unit
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: Window Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Leased
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Oroville Union

Lot Info

  • Zoning: residential
  • Irrigation: Meter on Site
  • Lot Size Acres: 1.4400
  • Lot Size Sq Ft: 62726.00

Rental Info

  • Lease Type: Net

Multi Family

  • Income Includes: ["Laundry"]
  • Total Number Leasable: 61
  • Number of Leased Units: 20
  • Number of Month to Month Units: 20
  • Number of Units: 61
  • Number of Vacant Units: 41

Tax Info

  • Assessor Parcel Number: 012-100-034
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Butte

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $39,324 $2,383,486 $598,230 $1,785,256
2024 $39,324 $2,284,800 $586,500 $1,698,300
2023 $39,870 $2,319,000 $575,000 $1,744,000
2022 $28,881 $1,238,262 $412,226 $826,036
2021 $25,782 $1,212,121 $404,144 $807,977
2020 $24,588 $1,200,000 $400,000 $800,000
2019 $15,536 $356,242 $123,381 $232,861
2018 $14,881 $349,477 $120,962 $228,515
2017 $14,747 $342,845 $118,591 $224,254
2016 $14,537 $336,343 $116,266 $220,077
2015 $14,027 $331,460 $114,520 $216,940
2014 $13,307 $325,187 $112,277 $212,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Pending -- -- --
03/10/2025 03/10/25 Price Changed $3,995,000 -6.0% $353 / Sq Ft
02/01/2025 02/01/25 For Sale $4,250,000 -- $376 / Sq Ft
Source: MetroList

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,318,545 First American Title
Grant Deed $1,200,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,073,278 Construction
Closed $2,223,278 New Conventional
Previous Owner $780,000 Commercial
Source: Public Records

Source: MetroList

MLS Number: 225012472

MetroList

APN: 012-100-034-000