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    Nine-Unit Apartment Complex Title is generated by Realmo AI

    836 Pomona Avenue, Oroville, CA 95965

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    Pending
    $899,500

    Contemporary, Apartment - Oroville, CA

    Type:Apartment
    Property size:
    6,909 SF
    Lot size:
    13,068.00 Acres
    Added:
    Apr 22, 2025
    Days on Market:
    411
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 836 Pomona Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    R2
    Bedrooms
    15
    Bathrooms
    7
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Interior features
    Carbon Monoxide Detector(s)
    Exterior features
    Community Features Included: Curbs, Watersports, Golf, Biking, Hiking, Fishing, Foothills, Lake, Sidewalks, Level, Park Nearby, Rocks, 6-10 Units/Acre, Lawn, Yard
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    012128009000
    Size
    6,909 SF
    Lot size
    13,068.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Concrete, Wood Siding
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Loretta Watson

    Listing agent Loretta Watson License #01856839

    Listing office Table Mountain Realty, Inc. 3400 Oro Dam Blvd. East, Oroville, CA

    Listing date Apr 22, 2025

    MLS# OR25087704 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing 9‑unit apartment complex.
    • Eight 2‑bedroom, 1‑bath townhouse‑style apartments (approx. 825 sq ft) with laundry hook‑ups and small back yards.
    • Studio/one‑bedroom unit (approx. 375 sq ft) with fenced front yard.
    • Low‑maintenance, fully fenced yard.
    • Long‑term tenants in most units.
    • Close proximity to shopping, dining, and parks.

    Overview

    This multi-family property consists of 9 units within an income-producing apartment complex. Eight units are 2-bedroom, 1-bath, townhouse-style layouts with kitchen laundry hook-ups. Each of these eight units includes a small yard at the back of the unit. A separate studio/one-bedroom unit is located toward the rear of the property and includes a fenced front yard area.

    The property is located at 836 Pomona Avenue in Oroville, CA. It is zoned R2 and sits on a 0.3-acre lot. The listing notes proximity to shopping, dining, and parks, and describes the grounds as low maintenance with fully fenced outdoor space.

    For investors or operators seeking a manageable residential portfolio, the unit mix offers a consistent townhouse-style configuration across the majority of the building, supplemented by a smaller rear studio/one-bedroom unit. With laundry hook-ups in the kitchen for the 2-bedroom units and fenced yard space included, the configuration supports tenant-focused functionality and practical day-to-day living. The listing also indicates that most units have long-term tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oroville
    County
    Plumas
    State
    California
    Longitude
    -121.5656557
    Latitude
    39.5070682

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    FAQs

    What type of property is this?
    Apartment building - Townhouse-style 2-bedroom units with kitchen laundry hook-ups and private yards, plus a studio unit at the rear.
    Where is this apartment building located?
    The property is located at 836 Pomona Avenue Oroville, CA.
    What is the asking price?
    The asking price for this property is $899,500.
    What are key features of this property?
    This property features: Income‑producing 9‑unit apartment complex.; Eight 2‑bedroom, 1‑bath townhouse‑style apartments (approx. 825 sq ft) with laundry hook‑ups and small back yards.; Studio/one‑bedroom unit (approx. 375 sq ft) with fenced front yard.
    (530) 370-6061
    We can help!
    Listing Contact
    Loretta Watson
    Real Estate License ID: 01856839
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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