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    55 Grand Ave Oroville, CA 95965

    For Sale
    $3,400,000

    174-Unit Apartment Project, 22 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a fully-prepared 174-unit multifamily housing project situated on approximately 22.81 acres of land in Oroville, California. Located at 55 Grand Avenue, this shovel-ready development includes comprehensive documentation, significantly reducing time to market. The package encompasses detailed elevations, complete construction drawings, a finalized fee schedule, and a professional appraisal reflecting the project's value upon completion. Further bolstering this venture is a formal letter of support from the City of Oroville, streamlining the approval process. The property's prime location offers stunning views and convenient access via Oro Dam Boulevard and Highway 70, connecting residents to the broader Oroville area and neighboring cities like Chico (approximately 25 miles away). Oroville itself boasts a vibrant community, situated along the Feather River, providing ample recreational opportunities. This project represents a strategically located, high-potential investment in a thriving market, promising significant returns for the discerning investor. The asking price for this remarkable opportunity is $3,400,000. This is a truly unique chance to acquire a well-positioned, fully documented multifamily development ready for immediate action.

    Property Features for 55 Grand Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    993,604 SF

    Building Details

    Units
    174

    HighLights

    • $3,400,000 asking price for a 174‑unit multifamily property.
    • 22.81 acres of land included.
    • Includes construction drawings, appraisal (as completed project), fee schedule, and City of Oroville letter of support.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oroville
    County
    Butte
    State
    California
    Longitude
    -121.560478
    Latitude
    39.518845

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    FAQs

    What type of property is this?
    Multifamily property - 174-Unit Apartment Project, 22 Acres
    Where is this multifamily property located?
    The property is located at 55 Grand Ave Oroville, CA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: $3,400,000 asking price for a 174-unit multifamily property.; 22.81 acres of land included.; Includes construction drawings, appraisal (as completed project), fee schedule, and City of Oroville letter of support.
    Request Owner's contact information
    55 Grand Ave Oroville, CA 95965
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    Oroville, CA 95965
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    55 Grand Ave Oroville, CA 95965
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