Rambling Rose MP and Knotty Estates are a two-property manufactured housing community portfolio totaling 33 sites consisting of 16 mobile home sites, 13 RV sites with drain, 3 detached single family residences, and one bar/restaurant building in Oroville, California. The combined portfolio is priced at $1,700,000 and is 88% occupied with 4 vacant sites including one vacant park owned home and two vacant mobile homes that were abandoned by the prior owner and are in process of having title transferred to seller. With current NOI of $127,399, the pricing equates to a 7.49% going-in cap rate. The majority of current resident rents fall between $350 - $450 per month, however there have been some new sites in-filled at premium rates. Portfolio average site rents are $445, which equates to a 32% discount to the comparable communities nearby. There is a clear path to increased income at Rambling Rose MP and Knotty Estates through in-filling the remaining vacant sites and measured increases to in-place rents to approach market rates. Rambling Rose MP is 16-site manufactured home community with 14 MH sites and 2 detached single family residences. The single family residences are in good condition and leased long term for $1,400 per month. There are two vacant mobile homes that were abandoned by the prior owner and are currently in the process of being renovated and having title transferred to the seller. Knotty Estates is a 17-site RV & manufactured home and community with 2 MH sites, 13 RV sites, 1 detached single family residence, and a commercial building that is leased to a bar. There is one vacant park owned mobile home which may be renovated and then sold or leased to a new resident, or removed and replaced with a new home. There is also one vacant RV site ready for a resident. Both properties are served by city water and city sewer, which are paid by the landlord and included with the rent. Trash is collected in commercial bins, service is provided by recology and paid for by the landlord. Electric is provided by PG&E, submetered, and billed back to the residents based on usage. Knotty Estates operates without gas, excluding the resident in Site #15 that obtains their own propane. Rambling Rose receives gas service from PG&E, which is submetered and billed back to the residents. Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.
Two homes on one lot! This turnkey property offers an excellent opportunity for an investor or an owner-occupant looking to live in one home while collecting rental income from the other. The front home features 3 bedrooms, 1 bathroom and approximately 838 square feet, while the rear home offers 2 bedrooms, 1 bathroom and approximately 576 square feet. Each home has its own private entrance from separate streets, providing added privacy and separation. Both homes also feature their own laundry facilities, dual-pane windows and individually metered utilities. Recent improvements include new flooring, light fixtures, interior and exterior paint, interior doors, cabinetry, countertops, kitchen appliances, bathroom upgrades, landscaping and deck repairs. Move-in ready with flexible living and income-producing possibilities!
Perfect for investors or first time homebuyers. The front house had a fire and was torn down. The back 3 bedroom house was remodeled in 2021 and has a long term tenant, paying $1300/month. Keep the tenant and rebuild the front house or just tear down the fence to make the yard bigger. The house is located on the south side of the vacant lot. Utilities are still there for rebuilding purposes: Power, Gas, Water and city sewer.
Courtesy: Mountain Valley Real Estate
530-524-1975
FOR RENT!!! Charming 3-bedroom, 2-bath home in a quiet Oroville neighborhood! This well-maintained property offers a bright, open living space, a functional kitchen, spacious bedrooms, and a private backyard perfect for relaxing or entertaining. Conveniently located near schools, shopping, dining, and outdoor recreation, this home provides comfort and convenience in a peaceful setting. Don't miss this great rental opportunity!
Potential large loan assumption on this duplex with easy terms and low interest rate. Long term tenants in place. Looking to create your own retirement plan? This property could be a great addition to your portfolio. Located within the city limits of Oroville and within walking distance to parks, schools, daycare facilities, and town, and just across the street from Harrison Stadium. Each unit consists of 2 bedrooms and 1 bathroom with approximately 700 square feet per unit. Current rents are $750 and $800 per month, with scheduled increases to $810 and $860 effective July 1, 2026, which will remain below market rents averaging over $1,000+ per month for similar style units offering future upside potential. There is an attached laundry room on the left side of the structure; no coin operated, but could be installed if desired. Property includes three power meters, one for each unit and one for the laundry room. Owner pays water and trash. Each unit has its own rear yard area. Chain link fencing with wood surround provides separation. Off-street parking available in the front for up to four vehicles, with privacy bushes buffering the road. Exterior of the building is stucco. Parking area, landscaping and building cosmetics could use some TLC. Units are owner-managed. This may not be a high cash flow property, but it offers the potential to pay for itself over time as part of a long-term retirement strategy. With a potential negotiable loan assumption, this presents an opportunity for a buyer to avoid lender and appraisal fees, as well as the time and hurdles associated with traditional financing. Buyers should discuss loan terms with their agent as outlined in private MLS remarks. Income and expense figures are approximate. IMPORTANT NOTE: Must provide proof of funds sufficient to close transaction as proposed with offer "Subject to interior inspections", prior to making any showing arrangements. SELLER DOES NOT WANT TO UNNECESSARILY DISTURB TENANTS.
Opportunity is knocking—don’t miss this versatile residential income property ready for its next investor. Featuring two units, the property includes a 3 bedroom, 1 bath home plus a unique cinder block commercial-style building offering 5 bedrooms, 1 bath, and a kitchen—previously configured for rent-by-the-room income. An additional .10-acre adjacent lot is included, providing valuable extra space for parking, tenant use, or future possibilities. Conveniently located near town and schools, this property offers strong rental potential and flexibility for multiple income strategies. Whether you're looking to expand your portfolio or step into your first investment, this is your chance to add value and maximize returns—schedule your showing today.
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 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.
BRING OWNER OCCUPANTS! MAIN HOUSE IN THE PROCESS OF BEING VACATED!!! EARN INCOME WHILE YOU LIVE! 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!
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.
