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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Apartment buildings
1120 2nd Ave Oroville, CA 95965-4781
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1809291
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
4,032 SF
Lot
0.69 ac (30,056 SF)
Zoning code
R3
APN
012-010-027-000
UPID
US09-1809291
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$570k
Owner & transaction history
Cal Ore Investments LLC · 5 yrs held
Cal Ore Investments LLC
since 2020
Last sale
$587,500
7 recorded transactions
Zoning & alternative use
R3 · Oroville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$530,000
+5.5%
Office building
$520,000
+3.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oroville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oroville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$530,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$505,000
Current use
RETAIL STORES
$530,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$430,000
Change: -15% · Conversion: Moderate
WAREHOUSE, STORAGE
$420,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $588k (Jul 31 2020)
Last sale anchor
$588k
Jul 31 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,047
Tax year 2024
Assessed value
$623,274
Assessed 2024
Previous assessed
$623,274
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$185,711
Assessed improvement
$437,563
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Stories
1
Units
6
Bathrooms
6
Total area
4,032 SF
Lot
0.69 ac (30,056 SF)
Zoning code
R3
APN
012-010-027-000
UPID
US09-1809291
Jurisdiction
BUTTE
Zoning & alternative use
R3 · Oroville, CA
Zoning R3 · permitted uses
R3 · Oroville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oroville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$505,000
RETAIL STORES
Est. value
$530,000
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$430,000
WAREHOUSE, STORAGE
Est. value
$420,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
6
Bathrooms
6
Lot
0.69 ac
Current owner
From public records · entity-resolved
Cal Ore Investments LLC
Entity
Mailing address
2099 HARTFORD DR UNIT #4, CHICO, CA 95928-6449
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
$9,091
Cal Ore Investments LLC
Gold City Properties LLC
Grant Deed
$312,500 · Gold City Properties LLC
Mar 30, 2017
$400,000
Gold City Properties LLC
Ornelas,carlos T
Grant Deed
—
Oct 4, 2010
—
Carlos T Ornelas
Ornelas C T Living 2007 Trust
Quit Claim Deed
related
—
Mar 21, 2008
—
Ornelas C T Living 2007 Trust
Ornelas,carlos T
Quit Claim Deed
related
—
Feb 28, 2003
—
Contreras,tr
Contreras,r
Quit Claim Deed
related
—
Aug 24, 2001
—
Robert M Contreras
Haase,arleen B
Grant Deed
related
—
May 14, 2001
$170,000
Robert M Contreras
Jordan,rudolph M
Grant Deed
$120,000 · Bodine Trust
May 14, 2001
—
Robert M Contreras
Contreras,diane
Quit Claim Deed
related
—
Aug 17, 2000
—
Rudolph M Jordan
Jordan,iris
Quit Claim Deed
related
—
Dec 22, 1988
$113,000
Jordan Rudolph M
Great Western Bank
Grant Deed
$101,700 · Great Wstrn Bk
Jun 1, 1985
$4,000
—
—
Grant Deed
related
—
—
—
Carlos T Ornelas
—
Deed Of Trust
related
$250,000 · Umpqua Bank
—
—
Contreras,tr
—
Deed Of Trust
related
$38,000 · George C & Carol E Gates
—
—
Contreras,tr
—
Deed Of Trust
related
$140,000 · William W & Joan O Lewis
—
—
Contreras,tr
—
Deed Of Trust
related
$110,000 · George C & Carol E Gates
—
—
Carlos T Ornelas
—
Deed Of Trust
related
$110,000 · Gates Family Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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