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.
Active
$949,500
2386-2376 C St, Oroville, CA 95966
8beds
0baths
3,840sqft
Est.:
5 or More Units
Built in 1963
-- sqft lot
$919,600 Zestimate®
$247/sqft
$-- HOA
What's special
- 31 days |
- 149 |
- 8 |
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