1584 Montgomery Street Oroville, CA 95965

$699,000 Closed

About the Property

Please Note: This property has been SOLD

1584 Montgomery Street in Oroville, California, presents a compelling opportunity for investors seeking a turnkey residential investment or a value-add project in a historically rich neighborhood. Situated on a 9,147 sq ft corner lot, this 4-unit complex provides investors a prime opportunity to own a large property in the heart of downtown Oroville. Since its construction in 2005, the property has seen strong rental demand, with the majority of current tenants in long-term occupancy. Additionally, the property offers investors an opportunity to increase value with light renovations. • PROPERTY OVERVIEW • Total units: 4 • Unit configurations: 3 bedroom, 2.5 bathroom • Total bedrooms/bathrooms: 12 beds, 10 baths • Total living area: ~4,800 sq ft • Unit sizes: 1,200 sq ft ? • KEY FEATURES • 1 car garage with each unit • Easy access to shopping, dining, and public transportation • Central A/C in each unit • Laundry hookups in the garage of each unit (tenant-supplied washers and dryers) • INVESTMENT HIGHLIGHTS • Large corner lot in the heart of downtown Oroville • Highly attractive location for a variety of renters • Strong rental demand in the area with consistent occupancy • Most current tenants in long-term occupancy • Rent/value could be increased with light renovations • No showings without an accepted offer. Please do not disturb tenants.

Property Information

Size 4,800 SqFt
Price/SqFt $146
Lot Size 0.21 Acres
Year Built 2005
Property Type Residential Income
Zoning R3
Listing Number SN25102609
Listed 5/7/2025
Modified 7/25/2025
Listing Agent Michael Lee
Listing Office Ryno Company
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 4
Cooling
  • Central Air
Fireplace
  • None
Garage Spaces
  • 4.00
Gross Income
  • 60288.00
Gross Operating Income
  • 59082.00
Gross Scheduled Income
  • 60288.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 30729.00
Operating Expense
  • 28354.00
Parking Total
  • 4.00
Pool
  • None
Price Pe rUnit
  • 174750
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 18642.00
Water Source
  • Public
Community Features
  • Biking
  • Curbs
  • Gutters
  • Sidewalks
  • Street Lights
  • Urban

Price History

Date From To Change
5/14/2025 $750,000 $699,000 ($51,000)