2386 C ST Active Save Request In-Person Tour Request Virtual Tour
Oroville,CA 95966
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $247
MLS Listing ID 225137252
HOA Y/N No
Year Built 1963
Lot Size 9,584 Sqft
Acres 0.22
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
2376-2386 C Street presents an exceptional investment opportunity to acquire a renovated 8-unit apartment building located in Oroville, CA. Priced at $949,500, this stabilized, cash-flowing asset offers investors immediate income with strong long-term upside. The property features eight 1-bedroom/1-bathroom units, each recently updated to attract and retain quality tenants. Current rental income of $9,800 per month ($117,600 annually) gives this property approximately a 7.43% cap rate (assuming 40% expenses). Investors will appreciate the updated condition and affordable price per door (~$118k/unit), making this an accessible entry point into Northern California's multifamily market. With limited comparable inventory in Oroville and rising rental demand, this asset is well-positioned for both cash flow and appreciation.
Location
State CA
County Butte
Area 12567
Direction From downtown Oroville take Lincoln Road south to C Street. Turn left onto C Street and the property is on your left side on C Street and the corner of Roseben Street.
Interior
Interior Features Vaulted Ceiling(s)
Heating Wall Furnace,Natural Gas
Cooling Wall Unit(s),Window Unit(s)
Flooring Tile,Vinyl,Wood
Appliance Free Standing Electric Oven
Laundry Other
Exterior
Parking Features Off Street
Utilities Available Cable Connected,Other
Water Access Desc Public
Total Parking Spaces 8
Building
Lot Description Corner
Story 1
Foundation Concrete, Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Oroville City
Middle Schools Oroville City
High Schools Oroville Union
School District Butte
Others
Senior Community No
Tax ID 035-111-008-000.035-111-007-000
Special Listing Condition None