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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Apartment buildings
54 Grand Ave Oroville, CA 95965-3454
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3111231
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
10,260 SF
Lot
1.18 ac (51,400 SF)
Zoning code
R2M
APN
031-140-071-000
UPID
US10-3111231
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.02M
Owner & transaction history
Renewed Properties LLC · 9 yrs held
Renewed Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
R2M · Oroville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+23.1%
Retail stores
$1.4M
+5.5%
Office building
$1.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,280,000
Current use
INDUSTRIAL (GENERAL)
$1,575,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,350,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$1,330,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,090,000
Change: -15% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,075,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10%
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
$99 / 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
$17,487
Tax year 2024
Assessed value
$852,677
Assessed 2024
Previous assessed
$852,677
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$204,806
Assessed improvement
$647,871
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
1974
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
12
Bathrooms
12
Total area
10,260 SF
Lot
1.18 ac (51,400 SF)
Zoning code
R2M
APN
031-140-071-000
UPID
US10-3111231
Jurisdiction
BUTTE
Zoning & alternative use
R2M · Oroville, CA
Zoning R2M · permitted uses
R2M · 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
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
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
1974
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
12
Bathrooms
12
Lot
1.18 ac
Current owner
From public records · entity-resolved
Renewed Properties LLC
Entity
Mailing address
1620 OAKDALE ST, CHICO, CA 95928-7046
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
Renewed Properties LLC
—
Deed
related
$698,750 · Stronghill Funding INC
Jun 21, 2017
—
Renewed Properties LLC
—
Deed
related
$562,500 · Tri Counties Bank
May 26, 2017
$750,000
Renewed Properties LLC
Gonzalez,gabino
Grant Deed
$562,500 · Tri Counties Bank
Feb 9, 2016
—
Alfonso Romero
Romero,alfonzo
Quit Claim Deed
related
—
Oct 28, 2005
—
Alfonzo Romero
Romero,alfonzo
Quit Claim Deed
related
—
Oct 26, 2005
$865,000
Gabino Gonzalez
2403 Lacy Lane LLC
Grant Deed
$519,000 · United Commercial Bank
Oct 26, 2005
—
Alfonso Romero
Romero,mireya
Quit Claim Deed
related
—
Jun 27, 2002
$440,000
Henry W Rechin
Lapuste,zaharia & Cornelia
Grant Deed
—
Nov 20, 2001
—
Zaharia Lapuste
Lapuste,zaharia
Quit Claim Deed
related
—
Nov 8, 2000
—
Zaharia Lapuste
Lapuste,cornelia
Quit Claim Deed
related
—
Nov 8, 2000
$350,000
Lapuste,zaharia
Baer,dallas G & Vera L
Trustees Deed
$280,000 · Abn Amro Mortgage Group INC
Jan 1, 1972
—
Baer,dallas G & Vera Lee|baer,dallas
—
Grant Deed
related
—
—
—
Renewed Properties LLC
—
Deed Of Trust
related
$562,500 · Tri Counties Bank
—
—
Us Bank Trust NA
—
Deed Of Trust
related
$330,000 · Us Bank NA
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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