Iron Oaks Mobile Home Park is a 40-site, all-age manufactured housing community plus one single-family residence located in the Greater Oroville area of Northern California. Iron Oaks MHP presents a value-add opportunity driven by below-market rents, infill potential, recent capital improvements, and a HCD approved 24-site expansion component, which will increase the permitted sites from 40 to 64 once complete. Over the past few years, ownership has completed meaningful upgrades to enhance the quality and long-term performance of the community, including repaving the central roadway, refreshing the laundry facility, renovating the front single-family residence, removing older homes, and installing new mobile homes to elevate the overall appearance of the property. The property is served by municipal water, private septic, and direct-billed gas and electric. The community currently consists of 30 occupied tenant-owned homes, four occupied park-owned homes, and six vacant lots ready for new home placement, providing upside through infill. The average space rent of $617 per month is approximately 15% below market, offering a clear path for rental growth. The four newer park-owned homes are currently leased between $1,300 and $1,520 per month and are valued at a total of $340,000 or $85,000 per home. The stick-built single-family residence located at the front of the community is undergoing final improvements, including a new roof, and is expected to be leased prior to closing, contributing additional stabilized income. A significant driver of long-term value is the adjacent 6.68-acre parcel, which has received approvals from HCD to expand the community by 24 additional mobile home sites. The expansion has the civil improvement plans in place and building permits under HUD review. Comcast/Xfinity has committed to covering the majority of infrastructure costs for internet, TV, and voice service installation. The adjacent parcel and associated improvements are valued at $312,000, providing investors with an attractive basis for scalable future growth in a supply-constrained market. Strategically located in the Greater Oroville area, serving an approximate population of ~55,000 and encompassing the City of Oroville, the county seat of Butte County, Iron Oaks MHP benefits from a stable regional economy supported by healthcare, government services, higher education, agriculture, water and energy infrastructure, and recreation Lake Oroville.
Investment opportunity featuring a unique multi-unit configuration on one parcel: two single-family residences and one duplex, all currently tenant-occupied. The property offers in-place rental income with value-add potential. The improvements are in need of repairs from deferred maintenance, making this a suitable project for an investor looking to renovate and reposition the property. In addition, one former home on the parcel was lost to fire, presenting potential for expansion or additional unit development (buyer to verify with local planning and building departments). An adjacent parcel is also available for purchase and includes five additional single-family homes, creating the opportunity to acquire a larger portfolio in one location APN 030-170-008. Property to be sold as-is.
Investment opportunity consisting of an nine-unit portfolio across two adjacent parcels, including seven single-family residences and one duplex. Only one unit is vacant; all others are tenant-occupied, providing in-place rental income with additional upside through renovation. The homes are in need of repairs and have deferred maintenance, making this a suitable project for an investor looking to renovate and reposition the properties. One home on the property was lost to fire, presenting potential for expansion or additional unit development, subject to local planning and building approvals. The package offers the ability to acquire multiple units in one location with long-term upside. Properties to be sold as-is.
Investment opportunity featuring a unique multi-unit configuration on one parcel: 5 single-family residences, all but one currently tenant-occupied. The property offers in-place rental income with value-add potential. The improvements are in need of repairs from deferred maintenance, making this a suitable project for an investor looking to renovate and reposition the property. An adjacent parcel is also available for purchase parcel 030-170-086 address listed as 1013 Middlehoff Ln and includes 4 additional units, creating the opportunity to acquire a larger portfolio in one location. Property to be sold as-is.
This adorable triplex is full of character and perfectly situated just moments from the charming downtown Oroville. With three well-maintained units, it offers an excellent investment opportunity. Unit one is a cozy 1-bedroom, 1-bath home with its own private backyard. Unit two is a spacious 2-bedroom, 1-bath unit that also enjoys a private backyard, along with convenient in-unit washer and dryer hookups. The third unit is located upstairs and is the largest of the three, offering a roomy 2-bedroom, 1-bath layout. In 2010, the property received several key updates including new windows, updated flooring, fresh paint, and a full re-roof. Each unit has its own separate electrical and gas meter, with a shared water meter. Throughout the property, you’ll find charming details such as wood floors in the living areas, beautifully wood-cased windows and doors, and white kitchen cabinets. This is an incredibly cute triplex with so much character—truly a wonderful opportunity for any investor.
Prime Downtown Oroville Multi-Unit Investment Opportunity. Two duplexes being sold together (2 parcels) in excellent condition, offering a total of four units. Three units are currently vacant, providing immediate rental or owner-occupancy potential, while one unit is occupied for existing income. All units are clean, move-in ready, and well maintained. Unit Breakdown: Duplex #1 – 1842 5th Ave • 1 bed / 1 bath • 2 bed / 1 bath Duplex #2 – Gardella Ave • 865 Gardella: 2 bed / 1 bath • 855 Gardella: 2 bed / 1 bath Listed at $550,000. Ideal opportunity for investors or owner-occupants seeking a centrally located income property near downtown amenities. Buyer to verify all information, unit sizes, and rental potential.
Prime 3-Unit Rental Property in the Heart of Oroville Located in a highly sought-after area of Oroville, this 3-unit rental property offers an incredible investment opportunity. With long-term tenants already in place, these units provide immediate rental income and are positioned for future growth with potential for higher rents. Conveniently situated near schools, shopping, and all the modern amenities Oroville has to offer, these units also benefit from easy access to major highways. The surrounding area boasts a variety of parks and recreational areas, perfect for outdoor enthusiasts. Whether you're a seasoned investor or looking for your first income property, this well-located, income-generating property is an excellent addition to your portfolio.
Investor's dream! Don’t miss this exceptional income-producing property featuring two single-family residences and one triplex - all situated on a spacious and private 2-acre lot. Whether you're looking to expand your portfolio or explore multi-generational living, this property offers flexibility and potential. The newest single-family home, built in 2024, showcases a modern open-concept design, a thoughtfully crafted layout, and a generous backyard—perfect for outdoor entertaining or tenant enjoyment. The additional units provide stable rental income, with all units currently tenant-occupied. Located in a serene setting, yet conveniently accessible being close to local amenities, schools, and commuter routes, this one-of-a-kind property offers immediate cash flow. Plenty of space, privacy, and potential—opportunities like this don’t come around often!
Downtown, multi-family income producing property! This Apartment Complex has 9 UNITS!! Most of the units have long-term tenants. Eight of the units are 2-bedroom 1-bath townhouse style apartments. These eight are approximately 825 square feet and have laundry hook-ups in the kitchen. They also have a small yard in the back of each unit. There is a studio/one bedroom unit that is located at the back up the property and is approximately 375 square feet. The smaller unit has a fenced area. Low maintenance yard and fully fenced. Close to shopping, dining and parks. This is a Great Investment Opportunity! Add this property to your rental portfolio today.
Oroville is located in California. Oroville, California has a population of 20,409. Oroville is more family-centric than the surrounding county with 27.24% of the households containing married families with children. The county average for households married with children is 26.57%.
The median household income in Oroville, California is $38,801. The median household income for the surrounding county is $59,863 compared to the national median of $69,021. The median age of people living in Oroville is 34.9 years.
The average high temperature in July is 94.9 degrees, with an average low temperature in January of 37.5 degrees. The average rainfall is approximately 34.3 inches per year, with 0.1 inches of snow per year.
