1584 Montgomery Street in Oroville, California, presents a compelling opportunity for investors seeking a turnkey residential investment or a value-add project in a historically rich neighborhood.
Situated on a 9,147 sq ft corner lot, this 4-unit complex provides investors a prime opportunity to own a large property in the heart of downtown Oroville. Since its construction in 2005, the property has seen strong rental demand, with the majority of current tenants in long-term occupancy. Additionally, the property offers investors an opportunity to increase value with light renovations.
• PROPERTY OVERVIEW
• Total units: 4
• Unit configurations: 3 bedroom, 2.5 bathroom
• Total bedrooms/bathrooms: 12 beds, 10 baths
• Total living area: ~4,800 sq ft
• Unit sizes: 1,200 sq ft ?
• KEY FEATURES
• 1 car garage with each unit
• Easy access to shopping, dining, and public transportation
• Central A/C in each unit
• Laundry hookups in the garage of each unit (tenant-supplied washers and dryers)
• INVESTMENT HIGHLIGHTS
• Large corner lot in the heart of downtown Oroville
• Highly attractive location for a variety of renters
• Strong rental demand in the area with consistent occupancy
• Most current tenants in long-term occupancy
• Rent/value could be increased with light renovations
• No showings without an accepted offer. Please do not disturb tenants.
Sold for $699,000 on 07/25/25
Listing Provided by:
Michael Lee DRE #02216710 5305703222,
Ryno Company,
Ryan Vaught DRE #01444141 530-343-2959,
Ryno Company
Bought with: Keller Williams Realty Chico Area
$699,000
1584 Montgomery St, Oroville, CA 95965
12beds
12baths
4,800sqft
Mixed Use
Built in 2005
-- sqft lot
$691,500 Zestimate®
$146/sqft
$1,244 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 25, 2025 at 03:54pm
Listing Provided by:
Michael Lee DRE #02216710 5305703222,
Ryno Company,
Ryan Vaught DRE #01444141 530-343-2959,
Ryno Company
Bought with:
Samuel Ditty, DRE #02192464
Keller Williams Realty Chico Area
Source: CRMLS,MLS#: SN25102609
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup, See Remarks
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 9,148 sqft
- Features: 2-5 Units/Acre, Corner Lot
Details
- Parcel number: 012026006000
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Curbs, Gutter(s), Street Lights, Sidewalks, Urban
Location
- Region: Oroville
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange