1620 High Street
- Turnkey investment with modern interior renovations that include Updated kitchens, flooring, and electrical panels
- Four (4) 1 Bed / 1 Bath units & Two (2) 2 Bed / 1 Bath units
- Flexible floor plans with bonus space for office or laundry
- Fresh exterior paint and attractive curb appeal
- Quiet, walkable Downtown Oroville location & close to major employers including Oroville Hospital, Butte County offices, California Department of Water Resources, and Gold Country Casino Resort
- Strong rental demand supported by healthcare, government, education, and regional employment
- Near Lake Oroville, Feather River Recreation Area, and numerous outdoor attractions
- Excellent opportunity for investors seeking a stabilized, low-maintenance multifamily asset
Property Description
1620 High Street (6 Units) presents a rare opportunity to acquire a turnkey multifamily asset in the heart of Downtown Oroville. The property consists of six spacious, renovated apartment homes, including four (4) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units, all of which have been tastefully remodeled with modern finishes. This two-story stucco building has recently been painted and offers convenient on-site parking along the side of the property. Interior improvements include updated electrical panels, renovated kitchens, new flooring, and flexible floor plans with additional living space that can be utilized as a home office, dining area, or potential in-unit laundry space. Situated on a quiet, walkable street in Downtown Oroville, residents enjoy convenient access to shopping, restaurants, schools, parks, grocery stores, and a variety of everyday amenities. The property’s central location provides quick access to Highway 70, making commuting throughout Butte County and neighboring communities simple and efficient. Oroville continues to benefit from a stable and diversified employment base anchored by government, healthcare, education, recreation, and agriculture. Major employers include Butte County, Oroville Hospital, the California Department of Water Resources, the Oroville Union High School District, and the nearby Gold Country Casino Resort. The region also draws employment from nearby Chico, one of Northern California’s strongest economic centers, offering additional opportunities in healthcare, higher education, and professional services. The area continues to experience investment in infrastructure and housing while maintaining a relatively affordable cost of living compared to many California markets. With limited multifamily inventory and consistent rental demand driven by local employment, healthcare services, and nearby educational institutions, Oroville remains an attractive market for long-term apartment investors seeking stable occupancy and future rental growth. Residents also enjoy proximity to many of Northern California’s premier outdoor recreation destinations. Lake Oroville, Bidwell Marina, the Feather River, Table Mountain, and numerous hiking and biking trails provide year-round opportunities for boating, fishing, camping, and outdoor activities. Combined with the historic downtown district, local restaurants, community events, and nearby retail centers, these amenities continue to enhance the area’s quality of life and tenant appeal. Whether you’re seeking a stabilized cash-flow investment or a low-maintenance addition to your portfolio, 1620 High Street offers an excellent combination of renovated units, strong rental demand, and an attractive location within one of Butte County’s established rental markets. Please contact us to schedule a private tour or request the current rent roll, financial information, and additional property details.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $899,000 |
| No. of Units: | 6 |
| Cap Rate: | 7.05% |
| GRM /GIM: | 7.03 |
| Year Built: | 1925 |
| Building Size: | 3,700 Sq ft |
| Lot Size: | 0.10 Acres |
| No. of Stories: | 2 |
| APN: | 012-142-014 |
| Zoning Code: | RP |
| Opportunity Zone: | No |
| Price per unit: | $149,833 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Matt Sarro | 916-616-5267 | [email protected] |
| Trevor Meleski | 530-903-0959 | [email protected] |
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