1620 High St - Apartments FOR SALE


Oroville, CA 95965
$899,000 USD
916-224-9808
1620 High St, Oroville, CA for Sale
$899,000 USD
Apartments - FOR SALE
1/11
null | 7.05% Cap Rate

1620 High St
Oroville, CA 95965


HIGHLIGHTS

  • Turnkey investment with modern interior renovations that include Updated kitchens, flooring, and electrical panels
  • Four (4) 1 Bed / 1 Bath units & Two (2) 2 Bed / 1 Bath units
  • Flexible floor plans with bonus space for office or laundry
  • Fresh exterior paint and attractive curb appeal
  • Strong rental demand supported by healthcare, government, education, and regional employment
  • Near Lake Oroville, Feather River Recreation Area, and numerous outdoor attractions

OVERVIEW

1620 High Street (6 Units) presents a rare opportunity to acquire a turnkey multifamily asset in the heart of Downtown Oroville. The property consists of six spacious, renovated apartment homes, including four (4) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units, all of which have been tastefully remodeled with modern finishes. This two-story stucco building has recently been painted and offers convenient on-site parking along the side of the property. Interior improvements include updated electrical panels, renovated kitchens, new flooring, and flexible floor plans with additional living space that can be utilized as a home office, dining area, or potential in-unit laundry space. Situated on a quiet, walkable street in Downtown Oroville, residents enjoy convenient access to shopping, restaurants, schools, parks, grocery stores, and a variety of everyday amenities. The property’s central location provides quick access to Highway 70, making commuting throughout Butte County and neighboring communities simple and efficient. Oroville continues to benefit from a stable and diversified employment base anchored by government, healthcare, education, recreation, and agriculture. Major employers include Butte County, Oroville Hospital, the California Department of Water Resources, the Oroville Union High School District, and the nearby Gold Country Casino Resort. The region also draws employment from nearby Chico, one of Northern California’s strongest economic centers, offering additional opportunities in healthcare, higher education, and professional services. The area continues to experience investment in infrastructure and housing while maintaining a relatively affordable cost of living compared to many California markets. With limited multifamily inventory and consistent rental demand driven by local employment, healthcare services, and nearby educational institutions, Oroville remains an attractive market for long-term apartment investors seeking stable occupancy and future rental growth. Residents also enjoy proximity to many of Northern California’s premier outdoor recreation destinations. Lake Oroville, Bidwell Marina, the Feather River, Table Mountain, and numerous hiking and biking trails provide year-round opportunities for boating, fishing, camping, and outdoor activities. Combined with the historic downtown district, local restaurants, community events, and nearby retail centers, these amenities continue to enhance the area’s quality of life and tenant appeal. Whether you’re seeking a stabilized cash-flow investment or a low-maintenance addition to your portfolio, 1620 High Street offers an excellent combination of renovated units, strong rental demand, and an attractive location within one of Butte County’s established rental markets. Please contact us to schedule a private tour or request the current rent roll, financial information, and additional property details.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,833

CAP RATE

7.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RP

APN/PARCEL ID

012-142-014-000

ASK ABOUT THIS PROPERTY

Aaron FrederickColliersMore Info
916-224-9808

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Aaron FrederickColliersMore Info
916-224-9808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.