3844 Grizzly Creek Rd, Oroville, CA 95965
This exceptional 5.69-acre commercial property in Butte County, California, boasts a spacious country home with breathtaking Lake Oroville views from nearly every room. The approximately 2,120 square foot main house features bamboo flooring in the living room, dining room, and kitchen, and includes a roll-in shower, making it handicap accessible. A finished (unpermitted) 900 square foot daylight basement offers additional living space, complete with a bathroom, kitchenette, living area, and bedroom, plus its own separate entrance and patio. Enjoy the expansive deck with a hot tub, perfect for relaxing while taking in the stunning lake vistas. The property also includes a mature orchard featuring 34 fruit trees (including citrus and pomegranate) and 34 grapevines, a fenced garden, and leased solar panels to help reduce energy costs. Located just 35 minutes from Chico, this property offers a peaceful, self-sufficient lifestyle, close to fishing, water sports, and the amenities of Chico, including California State University, Chico and Butte Community College. The home is situated on a small hill, providing unobstructed views of Lake Oroville. While the property could accommodate horses or small livestock, it is not currently set up for that purpose. The high wire fence protects the orchard and garden from local wildlife. This unique property presents a rare opportunity to own a substantial piece of land with a comfortable home and income-generating potential. The property is conveniently located near Highway 70, approximately an hour and a half from Sacramento.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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