2075 Baldwin AveOroville, CA 95966

Property Details for 2075 Baldwin Ave

Year built

1946

Construction

WOOD

Lot size

1.21 AC

Property size (Sq ft)

8,071 SF

Zone code

C2

Property type

Commercial real estate

APN

012-160-071-000

APU

12160071000

Description

This exceptional mixed-use investment opportunity in Oroville, California, presents a compelling proposition for discerning investors. The property, located at 2075 Baldwin Avenue, comprises two buildings totaling 12,815 square feet on a 1.21-acre lot (APN: 012160071000). Currently operating at 100% occupancy, the property boasts a strong NOI of $181,188 and a 7.00% cap rate, making it an attractive addition to any portfolio. The property features a diverse tenant mix including a children's daycare, a work training center, and five residential apartments, all leased through the work training center. The buildings, which are Class A and underwent a complete rebuild and refurbishment just a year and a half ago, are situated next to Hewitt Park, offering convenient access to green space and ample parking. The city of Oroville has secured funding for park improvements, further enhancing the property's desirability. The current lease agreement extends to 2027, with options for renewal, providing long-term stability and predictable income. The property is zoned C2 and offers a unique blend of commercial and residential uses. The individual unit sizes are as follows: Work Training Center Office Space (4,935 sq ft), Park View (4,130 sq ft), and five residential units, each measuring 750 sq ft. This property represents a rare opportunity to acquire a high-performing, well-maintained asset in a desirable location with significant upside potential. The asking price is $2,300,000, translating to $320.70 per square foot.

• Alternative Use

  Use

  Valuation

  Residential

  $1,664,926

  Hospitality

  $1,525,064

  Educational

  $1,268,835

  Medical

  $1,312,472

  Retail

  $1,973,743

Location Insight

City

Oroville

County

Butte

State

California

Latitude

39.511

Longitude

-121.553

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].