NOT LISTED FOR SALE

4101 Oro Dam Blvd E Oroville, CA 95966

9 Beds
9 Baths
6,702 Sq Ft
1.5 Acres

Last Sold April 24, 2015

Last sale price $650,000 $97 Per Sq Ft

113 Days on Market

Highlights

  • No Units Above
  • Wooded Lot
  • No HOA
  • 1.5 Acre Lot
  • Private Yard
  • Gentle Sloping Lot

About This Home

As of April 2015

7.69 acres! Unique and charming setting with 16 units, fully rented. Happy tenant base. Fantastic positive cash flow opportunity. Beautifully treed property with vistas set above the main road adds privacy and security. 11 studio apartments, 3 (2 bd) homes, 1 (1 bd) home, 1 (2 bd) mobile home, shop, and laundry building! There are 3 separate parcels: parcel one is 4.69 acres with 6 units. Parcel two is 1.5 acres with 3 units. Parcel three is 1.5 acres with 7 units. Huge demand for these 11 studios, 4 homes, 1 mobile, small shop, and separate laundry building. Tenants love living here, with acres of land to walk and play on but still close in. Private, hillside environment with its own charming community feel. According to city of Oroville planning dept., potential for additional units. Zoned MLDR, or medium low density residential which allows 3-6 dwelling units per acre. Buyer to verify, but as it stands, this is a great opportunity. Located in a rural setting, and yet, within the city of Oroville. This property is serviced by Lopud water district. 4 apn:(910-027-872)(068-100-002)(068-100-003)(068-100-004)

Last Agent to Sell the Property

Jeanne Newton

Newton Realty License #01485153 Listed on: 12/01/2014

Co-Listed By

Robert Newton

Newton Realty License #01931431

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 1.5 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Rural Setting
  • Wooded Lot
  • Private Yard
  • Lawn
  • Density is 16-20 Units/Acre

Parking

  • 2 Car Garage
  • Gentle Sloping Lot

Home Design

  • 6,702 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 068100004000

Community Details

Overview

  • No Home Owners Association
  • 9 Buildings
  • 16 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $6,000
  • Insurance Expense $5,000
  • Maintenance Expense $8,400
  • Trash Expense $1,800
  • Water Sewer Expense $1,950
  • New Taxes Expense $3,000
  • Gross Income $8,520
  • Net Operating Income $70,090

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1950.00
  • Property Type: Residential Income
  • Parcel Number: 068100004000
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 96.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 17.00

Utilities

  • Utilities: Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Conventional Septic
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Foothills, Rural

Lot Info

  • Lot Features: 16-20 Units/Acre, Gentle Sloping, Lawn, Treed Lot, Up Slope from Street, Yard
  • Lot Size Sq Ft: 65340.00
  • Lot Size Acres: 1.5000

Multi Family

  • Electric Expense: 6000.00
  • Gross Income: 8520.00
  • Gross Scheduled Income: 102240.00
  • Insurance Expense: 5000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 65340.0000 Square Feet
  • Maintenance Expense: 8400.00
  • Net Operating Income: 70090.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 16
  • Operating Expense: 32150.00
  • Rent Control: No
  • Vacancy Allowance Rate: 10.00

Tax Info

  • New Taxes Expense: 3000.00
  • Taxes Percent: 1.00
  • Tax Year: 2014

Range of Values:

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Value Increase
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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
04/24/2015 04/24/15 Sold $650,000 -1.4% $97 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
12/01/2014 12/01/14 For Sale $659,000 -- $98 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $3,112 $286,110 $130,050 $156,060
2024 $3,112 $280,500 $127,500 $153,000
2023 $3,479 $312,120 $130,050 $182,070
2022 $3,354 $306,000 $127,500 $178,500
2021 $3,479 $300,000 $125,000 $175,000
2020 $2,882 $220,882 $109,892 $110,990
2019 $2,423 $216,552 $107,738 $108,814
2018 $2,394 $212,307 $105,626 $106,681
2017 $2,315 $208,145 $103,555 $104,590
2016 $2,279 $204,065 $101,525 $102,540
2015 -- $98,322 $43,015 $55,307
2014 -- $96,397 $42,173 $54,224
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14250482

California Regional Multiple Listing Service (CRMLS)