2075 Baldwin Ave Oroville, CA 95966-5390

Property Details for 2075 Baldwin Ave

Year built

1946

Construction

WOOD

Lot size

1.21 lot acres

Property size

8,071 SF

Zone code

C2

Property type

Commercial real estate

APN

012-160-071-000

APU

12160071000

Description

This exceptional mixed-use investment opportunity in Oroville, California, presents a compelling proposition for discerning investors. The property, located at 2075 Baldwin Avenue, comprises two buildings totaling 12,815 square feet on a 1.21-acre lot (APN: 012160071000). Currently operating at 100% occupancy, the property boasts a strong NOI of $181,188 and a 7.00% cap rate, making it an attractive addition to any portfolio. The property features a diverse tenant mix including a children's daycare, a work training center, and five residential apartments, all leased through the work training center. The buildings, which are Class A and underwent a complete rebuild and refurbishment just a year and a half ago, are situated next to Hewitt Park, offering convenient access to green space and ample parking. The city of Oroville has secured funding for park improvements, further enhancing the property's desirability. The current lease agreement extends to 2027, with options for renewal, providing long-term stability and predictable income. The property is zoned C2 and offers a unique blend of commercial and residential uses. The individual unit sizes are as follows: Work Training Center Office Space (4,935 sq ft), Park View (4,130 sq ft), and five residential units, each measuring 750 sq ft. This property represents a rare opportunity to acquire a high-performing, well-maintained asset in a desirable location with significant upside potential. The asking price is $2,300,000, translating to $320.70 per square foot.

Location Insight

City

Oroville

County

Butte

State

California

Longitude

-121.553

Latitude

39.511

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments