NOT LISTED FOR SALE

71 Mono Ave Oroville, CA 95965

24 Beds
12 Baths
8,640 Sq Ft
1.13 Acres

Last Sold August 17, 2020

Last sale price $950,000 $110 Per Sq Ft

101 Days on Market

Highlights

  • 49,223 Sq Ft lot
  • Central Heating
  • 1-Story Property
  • Air Conditioning

About This Home

As of August 2020

71 & 83 Mono St TWO APNS. 1 Vacant unit, will be rented for $800 before new owner takes over, then Gross income will be $104,952 Per year. Also all units will be up with 8% increase to $800 or more, so projected income of all at $800 is very conservative, 12 x 800 = $9600 or $115,200 a year. Current Property Manager managed since 2014, took over with 5 Vacancies and know this property and tenants well. Strong Property manager is the key to maintaining a good investment. 5 of the 12 units are on Section 8 so most of the rent is paid by the government, housing office. Very good property with a long term growth, also rent prices are going up as there is a shortage of good managed units. 6 detached buildings 1 building for 2 units, each 2br 1 bath

Last Agent to Sell the Property

Jason Hurst

EGL Properties Incorporated License #02067523 Listed on: 04/01/2020

Last Buyer's Agent

Jason Hurst

EGL Properties Incorporated License #02067523 Listed on: 04/01/2020

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.13 Acre Lot

Home Design

Interior Spaces

  • 8,640 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Parking Spaces
  • Driveway

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 6 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 031053057

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8640
  • Stories: 1
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Total Bathrooms: 12.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 115.74

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway - Pavers
  • Total Parking: 12

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 031053057
  • Geocode Override: No
  • Lot Size Area: 49223

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 9.99
  • Number Of Units: 12
  • Total Annual Expense: 33440
  • Type Of Units: 2 Bed room
  • Vacancy Rate: 83%

Range of Values:

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Average Value
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List Price
Sold Price
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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 Prior Sale
08/17/2020 08/17/20 Sold $950,000 -5.0% $110 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $1,000,000 +51.5% $116 / Sq Ft
09/12/2013 09/12/13 Sold $660,000 0.0% $85 / Sq Ft View Prior Sale
08/01/2013 08/01/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $660,000 -- $85 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-568354

The MLS